|Weekly News Digest
February 5, 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 ITI’s Twitter account: @ITINewsBreaks.
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ingenta and CatchWord Merge
ingenta, the global research gateway, has announced its merger with CatchWord (http://www.catchword.com), the e-journal online hosting and distribution service, in a deal valued at $16 million. CatchWord, headquartered in Abingdon, U.K., provides online conversion and hosting services to scholarly publishers. The merged ingenta now handles hosting and linking to over 4,500 publications for over 140 publishers providing research and reference content.
"The combination of the two largest online providers both to publishers and to libraries in this market creates an unrivaled channel for the delivery of ‘must-have' professional and academic research," said Mark Rowse, ingenta's CEO.
The merger joins two former competitors that have been at the forefront of developing new channels of information access and delivery on the Web. CatchWord offers linking and data-conversion technologies that complement the range of online services to publishers already offered by ingenta. As well as providing Web users with a broad-based article search and delivery service through http://www.ingenta.com, ingenta also develops subject-focused e-communities, built in conjunction with societies and publishers. ingenta offers publishers a suite of services, including data conversion, secure online hosting, subscription authentication, marketing, and e-commerce services.
The CatchWord staff will be absorbed into existing ingenta departments, and the CatchWord management team is joining ingenta's senior management group. "Our plan is to integrate fully the two operations," said Simon Inger, managing director of CatchWord. "In the interim, it is business as usual for our publisher and library customers. Our existing teams of knowledgeable staff will stay focused on continuing to provide the innovative solutions, [and] flexible and responsive customer service for which CatchWord is well-known. I look forward to extending this further as part of a larger organization."
NewsEdge Signs Agreement with Business.com
NewsEdge Corp. has announced it has signed an agreement with Business.com, a Web-based business information resource. Under the agreement, NewsEdge will license its proprietary indexing technology and human review process—the NewsEdge Refinery—to Business.com. NewsEdge will also provide Business.com with approximately 1,000 real-time topics, making syndicated content instantly available to Business.com users.
"Our agreement with Business.com underscores the value of the NewsEdge core technology and proprietary editorial process," said Cliff Pollan, NewsEdge's CEO. "For years we have made news valuable for our customers by packaging our technology, taxonomy expertise, and syndicated content with timely delivery. By decoupling our unique technology from our content and infrastructure service, we're able to help Business.com make their own comprehensive content better organized and, therefore, even more valuable for visitors to their business resource site."
Business.com has licensed NewsEdge Refinery technology to help automate a process that normalizes, filters, enhances, categorizes, and tags news. The new technology will initially provide Business.com with news on more than 20,000 companies, 1,000 industries, and 500 businesspeople.
The Business.com revenue model is primarily advertising-based, but the company plans to generate revenues through sponsorships, subscriptions to premium content, and other value-added services.
For more information about Business.com, see the October 2, 2000 Weekly News Digest at http://newsbreaks.infotoday.com/wndReader.asp?ArticleId=17738.
Source: NewsEdge Corp.
Agence Virtuelle to Launch RumorBot
Swiss-based company Agence Virtuelle (http://www.agencevirtuelle.com) has announced it will launch RumorBot, a service that will use software agents to track the source of a rumor about a company. RumorBot will monitor "gossip and buzz" by analyzing postings made to newsgroups, chatrooms, and lists. The service will also enable companies to track customers' views and rectify any grievances before serious damage is done to their brand.
The company press release stated that a million new pages and 300,000 new newsgroup postings are added to the Internet each day, and that the Internet offers an ideal environment for rumors to flourish—a hazard to which no company is immune. It was in response to this situation that Agence Virtuelle decided to develop the RumorBot. Agence Virtuelle creates "e-branding" solutions for companies and sees the RumorBot's protection features as a logical progression of this. The company has offices in Paris, London, and San Francisco.
Source: Agence Virtuelle
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