Magazine article Information Today

OneSource Information Services, Inc. Soars with CorpTech under Wing

Magazine article Information Today

OneSource Information Services, Inc. Soars with CorpTech under Wing

Article excerpt

In a strategic move designed to significantly enhance customer base, increase operating margins, and expand services, database aggregator OneSource Information Services, Inc. (Concord, Massachusetts; http://www.onesource.com) has signed a definitive agreement to acquire Corporate Technology Information Services, or CorpTech (Woburn, Massachusetts; http://www. corptech.com), for $8 million in cash. This was expected to be finalized October 1 after the shareholders voted.

OneSource, which went public earlier this year, provides an integrated Web-based research service that contains more than 2,500 sources from 25 premium information providers. The OneSource "Ready-toUse-Business Information" system contains textual business and financial information from news sources, trade press, executive biographies, and investment analysts` reports as well as numeric data such as indepth company financials, stock quotes, and industry statistics. OneSource says that its customers, who are both U.S. and global, have consistently demanded more highquality, in-depth information about private companies. The CorpTech acquisition is intended to address this particular need.

CorpTech is well-known to information industry professionals for high-quality company profiles that cover emerging, typically private, technology companies. The CorpTech database is available both on the Web and from third-party vendors. It is also sold in other formats. The growing list of CorpTech distributors includes supermarket vendors and aggregators like Dialog, DataStar, and NewsEdge. A widening array of companies who find CorpTech data beneficial to users are FirstMark (http:/ www.firstmark.com), Knowledge Express (http://www.knowledgeexpress.com), Skila (http://www.skila.com), Data Downlink (http:/www.xls.com), MoneySearch (http:fl www.moneysearch.com), Career Search (http://www.careersearch.net), and others. CorpTech's alliances with all of these companies, plus Infonautics (http://www.info nautics.com), Investext (http://www.invest ext.com), and most recently Hoover's (http:// www.hoovers.com), have been responsible for increased revenue.

The CorpTech product line, in addition to the flagship database, consists of a fourvolume print directory, the EXPLORE CDROMs (with two options), 13 Regional Technology Guides (soft cover print directories), and comma-delimited data on ASCII diskettes for mailing list applications. …

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