CSC Networks and CDB Infotek to Acquire Businesses of Prentice Hall Legal & Financial Services; Acquisition Creates New Industry Leaders.WILMINGTON, Del.--(BUSINESS WIRE)--Nov. 21, 1994--CSC Networks, a privately owned legal services legal services n. the work performed by a lawyer for a client. provider based in Wilmington, Del., today announced that the company and CDB CDB Common Database CDB Caribbean Development Bank CDB Convention sur la Diversité Biologique (Convention on Biological Diversity) CDB China Development Bank (Beijing, China) CDB Capital Development Board Infotek of Santa Ana Santa Ana, city, El Salvador Santa Ana (sän'tä ä`nä), city (1993 pop. 129,873), W El Salvador. It is the second largest city in the country and the commercial and processing center for a sugarcane, coffee, and cattle region. , Calif., have signed agreements in principle with Simon & Schuster Simon & Schuster U.S. publishing company. It was founded in 1924 by Richard L. Simon (1899–1960) and M. Lincoln Schuster (1897–1970), whose initial project, the original crossword-puzzle book, was a best-seller. to purchase Simon & Schuster's Prentice Hall Prentice Hall is a leading educational publisher. It is an imprint of Pearson Education, Inc., based in Upper Saddle River, New Jersey, USA. Prentice Hall publishes print and digital content for the 6-12 and higher education market. History In 1913, law professor Dr. Legal & Financial Services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. (PHL&FS) division. As a result of the acquisition, CSC Networks will become one of the largest providers of public record document filing, retrieval and registered agent services, and CDB Infotek will become the leading provider of on-line public record information services See Information Systems. . PHL&FS, based in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. , generates annual revenues of approximately $60 million and employs nearly 700 employees in 32 offices in 22 states. The division provides corporate, financial and legal services to a wide range of corporations, law firms and commercial lenders. PHL&FS is a division of Simon & Schuster, the publishing operation of Viacom Inc. "The addition of PHL&FS triples our size and gives us the largest dedicated office network in the country," according to Dan Butler, CSC Networks' president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "Prentice Hall employees have a solid reputation in our industry, and I have no doubt that our joint team will set a new standard for service." According to the terms of the transaction, CSC Networks and CDB Infotek will acquire different operating units of PHL&FS. CSC Networks will retain Prentice Hall's paper-based public records business, which includes corporate document filing, retrieval and registered agent services along with their secured transaction business. With the acquisition, CSC Networks will be one of the nation's two largest providers of corporate document filing, retrieval and registered agent services. Currently, the company's 200 employees operate out of 11 regional offices from coast to coast. CDB Infotek, now the leading provider of on-line public record information services, will acquire Prentice Hall On-line (PHO), PHL&FS' on-line public records database services, providing customers with on-line access to more than 400 million public records. As part of the transaction, CDB Infotek also will acquire the Charles E. Simon Company, a provider of SEC information on publicly held companies to the financial and investment communities. When CSC started nearly 100 years ago, it was an innovator in providing specialized incorporation services to law firms and businesses in the state of Delaware. Now, nearly a century later, the company has, with this acquisition, technologically leapfrogged its competition and established itself as a leader in the public records filing and retrieval industry creating and building computerized services which effectively allow the legal, corporate and financial communities to access, file and/or retrieve hundreds of thousands of documents anywhere in the U.S. CONTACT: CSC Networks, Wilmington
Carol McCune, 609/926-1178
or Bill Freeborn, 800/927-9800
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