Thomson Reports Double-Digit Growth for Techstreet
Ann Arbor, MI January 25, 2005 - Today, The Thomson Corporation (NYSE:TOC; TSX: TOC),
reported that sales revenue for Techstreet, the Online Standards Superstore, grew by 30%
in 2004. This is the fifth straight year that Techstreet has reported double-digit growth,
with an average rate of 20-40% annually since 1999. Techstreet was founded in 1997 and
acquired by Thomson in August, 2003.
Originally called CSSINFO, Techstreet founders Gregg Hammerman and Andrew Bank,
entrepreneurs and University of Michigan School of Engineering graduates, launched the
first-ever Website for searching and ordering industry codes and standards online.
Catering to an audience of engineers, corporate librarians, and technical professionals,
the company quickly introduced the first, and now one of the world's largest, searchable
online databases combining industry standards and technical books. As the popularity and
success of the World Wide Web has grown so has Techstreet, providing an ever-growing
customer base with a fast and easy e-commerce solution for acquiring and managing
engineering standards. The Techstreet Website includes relevant cross-referenced content
across popular vertical industries, self-serve tools for tracking and managing documents,
customer rewards programs, and a variety of enterprise-wide solutions for large and small
organizations.
Today, Techstreet's multi-user, Web-based standards subscription service is rapidly
gaining in popularity as organizations realize the benefits of a managed information
solution-long-term cost savings, automatic updates, easy access for multiple users, custom
standards packages and flexible terms. It's the only service of its kind that lets
organizations build a custom set of engineering standards in electronic format, tailored
to suit their specific needs. Furthermore, the proprietary system uses the Techstreet
secure Web server - no intranet is needed and there is no hardware, software or IT
integration required.
For more information about Techstreet, visit
www.techstreet.com.
About The Thomson Corporation
The Thomson Corporation (
www.thomson.com), with 2003 revenues from continuing operations of $7.6 billion,
is a global leader in providing integrated information solutions to business and professional customers.
Thomson provides value-added information, software tools and applications to more than 20 million users
in the fields of scientific research and healthcare, law, tax, accounting, financial services, higher
education, reference information, corporate training and assessment. With operational headquarters in
Stamford, Conn., Thomson has approximately 38,000 employees and provides services in approximately 130
countries. The Corporation's common shares are listed on the New York and Toronto stock exchanges
(NYSE: TOC; TSX: TOC).
Thomson scientific information solutions can be found at
www.thomson.com/scientific and include
Techstreet offering a wide variety of engineering codes and standards;
ISI Web of Knowledge
SM facilitating discovery by offering seamless navigation to
high-quality, multidisciplinary journal (
Web of Science® ), patent
(
Derwent World Patents Index® ), and Web content, evaluation tools,
and bibliographic management products (
EndNote®);
Thomson Pharma
SM -an integrated information solution for the pharmaceutical and
biotechnology markets;
Delphion® providing access to full-text patent
documents from the world's leading patent authorities; and
BIOSIS Previews
® the world's most comprehensive reference database for life science research.
Contact Information:
Techstreet
Andrew Bank
Director, Business Development
734-913-5129 (office)
734-476-8489 (cell)
andrew.bank@thomson.com
Thomson
Rodney Yancey
Manager, Corporate Communications
Thomson Scientific
215-386-0100 extension 1396
rodney.yancey@thomson.com
