|Weekly News Digest
July 9, 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 ITIís Twitter account: @ITINewsBreaks.
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Autonomy Acquires Content-Archiving Company ZANTAZ, Inc.
Autonomy Corp. (www.autonomy.com), a provider of infrastructure software for the enterprise, announced an agreement to acquire ZANTAZ, Inc. (www.zantaz.com), a provider of content archiving and electronic discovery solutions and software as a service. The purchase price is approximately $375 million in cash after certain deductions, funded by an underwritten placing, a term loan, and a portion of Autonomy’s cash reserves. Autonomy expects the acquisition to be accretive to earnings in the first 6 months, with expected cost synergies of approximately $25 million per year. The transaction is expected to be complete by August 2007 and is subject to the usual closing conditions. ZANTAZ customers include nine of the top 10 global law firms, 11 of the Fortune 25, and 14 of the top 20 financial securities firms.
The acquisition will expand the market, distribution, and reach for Autonomy’s Aungate IDOL-based products. The combined solution will offer customers an end-to-end risk management solution—from hosted archiving to e-discovery, compliance, real-time governance, and archive analytics—in one consolidated platform, including information from documents to applications and voice and video.Source: Autonomy Corp.
OSTI Partners with Internet Archive
The U.S. Department of Energy (DOE) Office of Scientific and Technical Information (OSTI) recently partnered with the Internet Archive (www.archive.org) to ensure uninterrupted access to more than 1 million online research papers from the E-print Network (www.osti.gov/eprints). This was achieved through the Internet Archive’s Web-archiving service, Archive-It, a Web-based application that enables partners to harvest, manage, search, and preserve collections of archived Web pages and born-digital content. This collection is hosted by the Internet Archive and can be viewed at www.archiveit.org with free and permanent access to the public.
The DOE E-print Network is the largest collection that a federal institution has undertaken in an ongoing effort to preserve its own documents and history through Archive-It. The E-print Network is a deep Web source of scientific and technical information created by researchers active in a wide range of fields, including chemistry, biology and life sciences, materials science, nuclear sciences and engineering, energy research, and computer and information technologies. Information customers can use E-print Network to browse scientific Web sites, find scientific societies, receive alerts, and search and access scientific e-prints. The documents circulate electronically to facilitate peer exchange and scientific advancement.
There are currently more than 25,000 scientific Web sites accessible via the DOE OSTI E-print Network. Much of the information on these Web sites could change at a moment’s notice. Through archiving periodic snapshots of the nation’s scientific and technical information, the Internet Archive/OSTI partnership will ensure long-term stability of the E-print Network and other research collections important to DOE.Source: DOE Office of Scientific and Technical Information
OCLC Completes Acquisition of OCLC PICA Group
OCLC (www.oclc.org) has acquired the remaining shares of OCLC PICA Group B.V., the European-based library and information systems supplier, to become the sole shareholder of the organization. Cooperation between OCLC and Pica began in 1977 when the organizations began sharing data. OCLC acquired 60 percent of the Pica organization in 2000, which led to the formation of OCLC PICA in 2002. Rein van Charldorp will remain in his current position as managing director of OCLC PICA. Earlier this year, OCLC reorganized its management structure to achieve global integration of services.
OCLC is a nonprofit, membership, computer library service and research organization dedicated to the public purposes of furthering access to the world’s information and reducing information costs. OCLC PICA (www.oclcpica.org) has its headquarters in Leiden, the Netherlands, with offices in the U.K., Germany, France, Switzerland, the U.S., and Australia. OCLC PICA incorporates OCLC Europe, PICA (a service-provider in the library infrastructure of the Netherlands), Sisis Informationssysteme (a library-automation company in Germany), and Fretwell-Downing Informatics (an international provider of library automation and resource-sharing solutions).Source: OCLC
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