Magazine article Information Today

Aeneid Corp. Buys InGenius Technologies

Magazine article Information Today

Aeneid Corp. Buys InGenius Technologies

Article excerpt

Aeneid Corp., a company that has been building a network of vertical business portals, has announced that it has acquired InGenius Technologies in a combination of cash and equity. InGenius, a privately held company founded in 1996 and based in Kalamazoo, Michigan, is known for number of successful Internet change-monitoring services, including NetBrief, javElink, Daily Diffs, EgoSurf, and Spelunker. The acquisition will allow Aeneid to integrate the monitoring technology into its vertical portal service.

Aeneid has already established its industry content and search solution with EoCenter (http://www.eocenter.com) across four industries and 19 affiliate sites, and the service will soon be bolstered by a new monitor and notification offering called EoMonitor (http://www.eocenter.com/eomonitor.html) based on the technology developed by InGenius. EoMonitor will include information on exactly what has changed on a monitored Web page. Integration of InGenius Technologies properties into the EoMonitor area of EoCenter will occur in a phased approach that began in October, with completion targeted for first-quarter 2000.

Aeneid chief technology officer Bob Ainsbury feels that change monitoring on the Internet will become as pervasive as e-mail is now. "A year from now, monitoring technology will become a staple feature of search engines and portals," he said. "Aeneid's acquisition of InGenius Technologies positions the company well as a front-runner in this shift. Our multifaceted approach to delivering search, monitor, and notification services together is what all vertical portals should be implementing in the future, or their visitors will go elsewhere to find it."

"Our focus at InGenius Technologies over the past 3 years has been on creating tools that provide efficient access to useful information on the Internet, as well as building a strong customer base," said Julie Stock, president and CEO of InGenius Technologies. "We're very excited to join Aeneid and to continue serving business professionals' information needs in a wide variety of ways." Stock noted that while InGenius' applications and services have done quite well in the consumer space, the company feels they are more profitably applied to business applications because of the time and money savings they can offer.

According to a company representative, Aeneid will maintain InGenius Technologies' subscription services (javElink, Daily Diffs, etc.) and honor all current agreements. Aeneid will continue offering the free nonsubscription services (Daily Diffs and EgoSurf) under a new brand. …

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