|Weekly News Digest
March 26, 2007 — 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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Hoover’s Gains New Subsidiary in D&B Acquisition—First Research
D&B (www.dnb.com) has announced its acquisition of First Research for $22.5 million, with an earn-out potential of up to $4 million based on financial performance. The acquisition is being funded with cash on hand. First Research (www.firstresearch.com), based in Raleigh, N.C., is an Internet provider of editorial-based industry insight, specifically tailored toward sales professionals. First Research will operate as a wholly-owned subsidiary of Hoover's (www.hoovers.com), and its content will be used to enhance Hoover's online service.
D&B said that the acquisition supports its Internet strategy of growing Hoover's by better meeting the need for commercial insight among sales professionals. In addition, it supports the company's commitment to delivering profitable revenue growth over time. First Research generated a 2006 revenue of $6.5 million, which represents 29-percent growth over the previous year. Due to purchase accounting rules, and specifically the treatment of deferred revenue, D&B does not expect the First Research acquisition to have a material impact on its 2007 revenue performance.
Thomson Scientific Acquires Unleashed Informatics
The Thomson Corp. (www.thomson.com) announced that its scientific business unit has acquired privately held Unleashed Informatics, Ltd. (www.unleashedinformatics.com), a life sciences data-management company that owns what it claims is the largest repository of value-added bioinformatics records—a significant area for target-based drug discovery. The management team and employees of Unleashed Informatics will become part of Thomson Scientific (www.scientific.thomson.com). Financial terms of the transaction were not disclosed.
Unleashed Informatics offers a stable of subscription-based public and proprietary biological databases, including the following:
- BIND (Biomolecular Interaction Network Database), which contains 200,000 biomolecular interactions
- SMID (Small Molecule Interaction Database), which contains more than 23 million experimentally observed small molecule interactions
- BOND (Biomolecular Object Network Database), which is a data warehouse that combines access to BIND and SMID data with publicly accessible databases plus similarity search algorithms
Thomson will continue to make complimentary versions of the BOND and BIND databases available to Unleashed Open Access registrants—in addition to the subscription versions.
Source: The Thomson Corp.
LuraTech Introduces Toolkit for Web Delivery of Images
LuraTech, Inc. (www.luratech.com) announced its LuraWave JP2 Image Content Server (ICS) v1.04, a new imaging software toolkit that enables the delivery of JPEG2000 images, document collections, and their respective metadata through browser-based viewing applications without any plug-ins, Active X components, or additional viewing software. ICS is designed to provide a low-storage, low-bandwidth solution for the delivery of high-end digital images.
ICS is targeted at any organization that posts online digital versions of books, artwork, manuscripts, maps, geospatial photographs, or medical content. The ICS engine converts JPEG2000 images to JPEG and delivers them on-the-fly to the end user's browser-based viewing application. The software toolkit allows the creation of customized viewing applications with advanced image-viewing features, such as panning, zooming, and page turning, and eliminates downloading delays and the need for any additional viewing software.
ICS is the result of 2 years of development and 6 months of beta testing at several large organizations such as the Library and Archives Canada and the Missouri Botanical Gardens.
Source: LuraTech, Inc.
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