|Weekly News Digest
May 28, 2001 — In addition to this week's NewsBreaks article and the monthly NewsLink Spotlight, Information Today, Inc. (ITI) offers Weekly News Digests that feature recent product news and company announcements. Watch for additional coverage to appear in the next print issue of Information Today. For other up-to-the-minute news, check out ITIís Twitter account: @ITINewsBreaks.
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RoweCom to Be Acquired by divine, Inc.
RoweCom, Inc. (http://www.rowe.com), a provider of solutions for purchasing and managing print and electronic resources, announced that it has signed a letter of intent to be acquired by divine, Inc. (http://www.divine.com), an enterprise solutions company that provides services, Web-based technology, and managed applications capabilities. The agreement features a stock-for-stock exchange in which RoweCom shareholders will receive three quarters of a share of divine common stock for each share of RoweCom. The parties expect to sign a definitive agreement by mid-June and complete the transaction following RoweCom shareholder and regulatory approvals. Post acquisition, RoweCom and its management team will continue RoweCom's commitment to its core library and desktop services while developing additional services.
"We are excited about the opportunity to leverage our industry-leading knowledge resource solutions within a business that has extensive expertise in knowledge management, electronic content, and electronic services," said Richard Rowe, chairman of RoweCom, Inc. "As an operating division of divine, we will be able to offer our academic, biomedical, corporate, and government clients the best of all worlds. We will continue to provide high-quality services, e-commerce solutions, and a broader range of content, backed by a company that has a shared philosophy on information management, a strong financial position, and a proven executive management team."
RoweCom provides e-commerce solutions for purchasing and managing the acquisition of magazines, newspapers, journals and e-journals, books, and other resources. RoweCom's clients range from academic libraries to Fortune 1000 companies. Faxon (Dawson) joined RoweCom in October 1999.
Chicago-based divine was founded in 1999 and now has 3,000 employees worldwide. divine's previous acquisitions include assets from marchFIRST and SageMaker, Inc., an enterprise information portal solutions company. divine also offers products and services for enterprise collaboration, knowledge management, and streaming media solutions.
Sources: RoweCom, Inc. and divine, Inc.
Factiva Intelligent Indexing Now Available for Licensing and Through Inxight Partnership
Factiva (http://www.factiva.com) has announced the commercial availability of Factiva Intelligent Indexing, a set of news topic, geographic, industry, and company codes developed to categorize Factiva's news and business information in all of its products. Factiva Intelligent Indexing offers nearly 1,500 Subject Codes to classify industries, geographic regions, and news topics, which Factiva customers can license free of charge. Additionally, Factiva provides a comprehensive list of approximately 50,000 public and 250,000 private Company Codes, which are available for an annual fee. The Factiva Intelligent Indexing Company Codes are constantly maintained to reflect the changing landscape of mergers, acquisitions, and newly formed companies.
Factiva Consulting, a team of developer and editorial experts, is available to assist companies with the development of customized taxonomies and mapping of Factiva Intelligent Indexing codes to any established internal taxonomy.
Factiva and Inxight Software, Inc. (http://www.inxight.com) have also announced a partnership that provides companies with a unique and versatile system that automatically organizes, manages, and maintains large amounts of internal and external content. Through the agreement, companies can now automatically apply Factiva Intelligent Indexing codes to their internal content to build a structured collection of information allowing for precision retrieval and automatic cross-referencing of relevant external news to internal documents. Inxight will initially sell the system.
The Factiva/Inxight offering consists of Factiva Intelligent Indexing and Inxight's Categorizer. In addition, the companies will promote Inxight Thing Finder with Factiva's Company Codes for companies that want to extract information specific to customers, competitors, or partners. Inxight's Categorizer automates the tedious and expensive process of assigning documents to appropriate categories, and Inxight Thing Finder allows users to identify and extract key content from documents.
Sources: Factiva and Inxight Software, Inc.
ClearForest Partners with Global Securities Information
ClearForest (http://www.clearforest.com) has announced that it has formed an alliance with Global Securities Information (GSI), a provider of online securities information and research (http://www.gsionline.com) and developer of LIVEDGAR. Through this agreement, ClearForest's customers now have access to a comprehensive database of research tools and vital corporate information released online, including the SEC and foreign filings, No-Action letter data, and paper filings.
ClearForest's technology allows users to instantly extract information from large repositories of unstructured data, such as GSI's millions of SEC filings. The technology can then identify and analyze concepts and relationships between pieces of information and provide visual, interactive executive summaries. For example, legal, financial, and business intelligence researchers can eliminate hundreds of hours of combing through millions of pages of SEC filings in order to conduct securities research, locate comparable deals, or identify specific transactions. ClearForest's technology pinpoints relevant facts from GSI's repository of SEC filings instantly.
"This relationship continues the expansion of a first-rate distribution network, which is a key component of the execution of our business plan," said Phil Brown, CEO of GSI. "ClearForest has added significant value for its customers by allowing them to use ClearForest technology to quickly extract and visualize relevant information from GSI's comprehensive securities information data feeds."
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