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Weekly News Digest
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May 21, 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.
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ingenta Announces 348-Percent Increase in Gross Profits
ingenta (http://www.ingenta.com), an online distributor of published scientific, professional, and academic research, has announced its interim report for the 6 months that ended March 31. The company's revenue increased by 294 percent to $6.7 million and gross profits were up 348 percent to $5 million."The company continues to demonstrate that it can deliver growth that is both rapid and sustainable, supporting management's view that the $6 billion industry in which it operates is unaffected by prospects of a global slowdown," said Martyn Rose, chairman of ingenta. "Management has continued to build on its market-leading position in both the U.K. and the U.S. following the acquisition of CatchWord, and is firmly on course to continue its significant growth rate. With the company's cost base now established, further growth in sales is set to feed through rapidly into profits, on schedule late this year." "The company now provides access to over 4,500 publications, representing over two-thirds of the material currently online in this sector," said Mark Rowse, chief executive of ingenta. "With under 10 percent of the world's scientific, professional, and academic research available online, the scope for further growth is substantial." Source: ingenta
Gale Group Acquires Rights to British Medical Association Journals
Gale Group (http://www.galegroup.com) has acquired online rights to periodicals published by the British Medical Association, significantly expanding health content in Gale databases."This is a very important partnership because of the high-quality health content this brings to our databases," said Allen Paschal, Gale Group's CEO. "While we continue to aggressively expand the volume of periodicals in our databases, our first priority is to add only those that are in sync with Gale's high standards for information integrity. The British Medical Association is a great example of reliable, pure, and timely information." According to the announcement, the British Medical Association is one of the world's most prestigious medical publishers. Gale will provide online access to such titles as Heart, British Journal of Sports Medicine, Journal of Medical Genetics, Occupational and Environmental Medicine, and more than 20 others. Since January 2000, Gale Group has added approximately 700 new newspapers and magazines to its stable of periodicals. More than 6,500 periodicals are now available through its products. More than 3,000 are full-text. Source: Gale Group
ebrary Announces Company News
ebrary (http://www.ebrary.com) has announced that Adobe chairman and co-founder John Warnock has joined its board of directors. According to the company, Warnock, who recently retired as Adobe's CEO, will provide ebrary with strategic direction as it continues to expand its e-content business. ebrary has also announced that Kevin Cronin has joined the company as vice president of sales. In addition to direct sales and alliance-partnership development, Cronin will be responsible for developing and securing channel opportunities that will enable ebrary to reach large communities of Internet users while allowing channel partners and publishers to increase their profitability, according to the company.In other news, ebrary has announced the commercial availability of the ebrarian solution for channel partners, which will enable online organizations to increase profitability and Web site traffic. According to the company, ebrarian lets publishers, Internet portals, academic institutions, libraries, e-learning companies, large corporations, and other organizations provide high-value, focused content to attract and retain customers, increase sales, and make their Web site properties more valuable to advertisers. ebrary's channel partner strategy also benefits publishers and other content providers by opening additional channels to increase online access and sales. The company also announced that it is expanding its business beyond the ebrary.com online library to make its content available through channel partners, search engines, and other Web sites via its open-access model. This model enables search engines such as Google, Yahoo!, Excite, and other sites with search capabilities to freely index content. In addition, any site can provide links directly to high-value documents. This open-access model allows search engines to increase site traffic, provides additional revenue streams for channel partners and publishers, and offers a way for end-users to find and access the information they need online. Source: ebrary
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Brandi Scardilli
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