Thomson Scientific Acquires Techstreet, Inc.
Philadelphia, PA USA-London, UK - August 25, 2003- Today, the Thomson Corporation
(TSX: TOC; NYSE:TOC) announced that it has acquired Techstreet, Inc. a digital content delivery company that provides full-text industry standards and specifications to engineers, researchers, and technical and information professionals worldwide.
Techstreet delivers full-text standards and specifications from the world's leading Standards Developing Organizations (SDOs), including the American Society for Testing and Materials (ASTM), the American Society of Mechanical Engineers (ASME), the British Standards Institution (BSI), the Institute of Electrical and Electronics Engineers (IEEE), and hundreds more SDOs giving them one of the world's largest collections of industry standards and specifications. Most documents can be obtained in both print and electronic format, via subscription or single-document delivery.
The Techstreet unique offering also includes a large collection of technical books, materials property data, and technical training from over 1,000 publishers, industry associations, and technical societies worldwide. Searchable online, the content covers a broad range of subjects, including research, design, manufacturing, testing, and inspection in industries such as electrical and electronics, petrochemical, architecture and construction, food safety and public health, wastewater engineering, information technology, and aerospace/aviation. The Techstreet Web-based tools and services provide subscribers with must-have information to more efficiently acquire and manage their information resources, enabling them to build better, safer products, achieve national and international compliance for global competitiveness, and reduce the time required to bring their products to market.
"This acquisition gives Thomson a key source of foundational content that is required by our customers," said Mike Tansey, Chief Executive Officer of Thomson Scientific. "Adding Techstreet to Thomson means that we can be the one stop resource for technical and intellectual property information for engineering research and development delivering patents, journal literature, and standards information."
"We are very enthusiastic about the opportunities presented by joining Thomson," said Gregg Hammerman, Co-founder and President, Techstreet. "As part of Thomson, with its expertise and resources, we will continue to provide mission-critical information resources and information management tools for technical professionals."
Techstreet will become part of the Scientific business unit within the Thomson Scientific and Healthcare market group, and will be managed by Gregg Hammerman and Andrew Bank, Co-founder and Vice President of Business Development.
About Techstreet
Techstreet provides vital information resources and information management tools for technical professionals. Through its Web site at www.techstreet.com, customers can find and choose from over 500,000 technical information titles including one of the world's largest collections of industry standards and specifications. Founded in 1997, the Techstreet Web-based tools and services help clients save time and money, and more efficiently acquire and manage their information resources.
About Thomson and Thomson Scientific
The Thomson Corporation, with 2002 revenues of $7.8 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 law, tax, accounting, financial services, higher education, reference information, corporate training and assessment, scientific research and healthcare. The Corporation's common shares are listed on the Toronto and New York stock exchanges (TSX: TOC; NYSE: TOC).
The business units that comprise Thomson Scientific include: Derwent Information the leading authority in patent and scientific information solutions, ISI an e-information company providing high-quality, essential information products and services for the research community, Current Drugs a leader in the delivery of integrated information services to the pharmaceutical and biotechnology industry, ISI ResearchSoft developer of the three most popular bibliographic software programs, and Wila-Derwent supplier of information services in relation to patents, trademarks and industrial designs.
Contact Information
Rodney Yancey
Manager, Corporate Communications
Thomson Scientific
(215) 386-0100 extension 1396
rodney.yancey@isinet.com
Techstreet Inc.
Gregg Hammerman, Founder
gregg@techstreet.com
1-800-699-9277
1-734-302-7801, ext. 125
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