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Divine Acquisition of Northern Light Strengthens Portfolio of LibraryOfferings
- To: liblicense-l@lists.yale.edu
- Subject: Divine Acquisition of Northern Light Strengthens Portfolio of LibraryOfferings
- From: Ann Okerson <ann.okerson@yale.edu>
- Date: Sun, 3 Feb 2002 18:49:45 -0500 (EST)
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Of possible interest to liblicense-l readers. The MOderators ---------- Forwarded message ---------- From: Marilyn Kearney <marilyn.kearney@rowe.com> Date: Wed, Jan 30, 2002, 3:26 PM Re: Divine Acquisition of Northern Light Strengthens Portfolio of Library Offerings Press Release divine/Faxon Library Services Contact Amira Aaron (781) 410-3315 aaron@faxon.com DIVINE ACQUISITION OF NORTHERN LIGHT STRENGTHENS PORTFOLIO OF LIBRARY OFFERINGS Combination Brings Unrivaled Premium Content Offerings and Award-winning Search Technology to Libraries and Information Centers WESTWOOD, Mass. - Jan. 29, 2002 - divine, inc., (Nasdaq: DVIN), a premier integrated provider of information solutions for corporations, non-profit organizations and libraries, today announced that it has acquired certain assets of privately held Northern Light� Technology LLC, a leading provider of search and content integration solutions, in an all-stock transaction. The acquisition of Northern Light's award-winning premium content services, enterprise search technology, and e-commerce transaction engine enhance divine's comprehensive integrated content, collaboration and knowledge solutions for academic institutions and corporations. "At divine/Faxon Library Services, we see this as a wonderful opportunity to offer the services of both companies in order to better serve our library clients", says Jim Krzywicki, President and General Manager of divine Information Services. "Working with Northern Light will allow us to make available an array of electronic content search and delivery services, including our own Information Quest (IQ), which is unparalleled in the industry today. As an example, divine will now have the ability to provide web information portals which can be offered by academic institutions with library branding to their alumni." Northern Light Technology is a leading provider of premium content, content integration and search solutions for enterprises. Its products include Special Collection(tm), an online business research library of over 70 million pages of full text documents; SinglePoint(tm) Custom Content Integration service; RivalEye, a customized competitive intelligence solution; and the Northern Light Enterprise Search Engine(tm), which features Northern Light's patented classification technology and customizable 17,000-term taxonomy. In addition, Northern Light's fast and flexible e-commerce transaction engine allows micro-payments, subscriptions, coupons, refunds, and aggregation for monthly billing. The acquisition enhances divine's ability to offer premium content through Northern Light's Special Collection, the largest online desktop business research library with more than 7,100 electronically procured and presented documented sources, including Forbes, Business Week, American Banker, Economist, New York Times, Investext database of equity analyst reports, and key vertical industry publications. In addition, the acquisition of Northern Light strengthens divine's already strong content management and delivery solutions for the information industry by expanding the number of sources divine can offer and by providing a dramatically improved interface for locating specific content. divine also intends to integrate Northern Light's global search technology across its content management, content aggregation and acquisition, client interaction and collaboration solutions to provide a unified search capability across its applications. "With its recent acquisitions of leading content management and content procurement technologies and services as well as its existing relationships with business and scholarly publishers, divine has assembled a comprehensive best-of-breed content offering," Northern Light CEO Seuss said. "Not only do divine's existing technologies and solutions perfectly complement Northern Light, but its powerful distribution channel can bring the benefits of our integrated search and content technologies to a much wider audience around the world." About divine/Faxon Library Services divine/Faxon Library Services has been a leader in subscription acquisition and management services for over a century and was officially acquired by divine, inc. (Nasdaq:DVIN), in November of 2001. divine is a premier provider of services, technology and managed applications that extend organizational effectiveness through collaboration, interaction and knowledge solutions. The combination of Faxon and divine's strong client service orientation, comprehensive content sources, and innovative technology provides library and information professionals with complete end-to-end solutions for all their print and electronic information management and knowledge resource needs. Flagship services of divine/Faxon are kLibrary, a premier web interface for subscription management, and Information Quest (IQ), a leading e-journal access and delivery service. For more information on divine/Faxon products and services, please contact a sales representative at sales@faxon.com, call 1-800-766-0039, ext. 3311, or visit us at http://www.faxon.com. # # #
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