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DBT Online Completes KnowX.com & Informed Acquisition.


BOCA RATON Boca Raton (bō`kə rətōn`), city (1990 pop. 61,492), Palm Beach co., SE Fla., on the Atlantic; inc. 1925. Boca Raton is a popular resort and retirement community that experienced significant industrial development in the 1970s and 80s. , Fla.--(BUSINESS WIRE)--Sept. 24, 1999--

DBT DBT Department of Biotechnology (India)
DBT Dibenzothiophene
DBT Drive-By Truckers (band)
DBT Design Basis Threat
DBT Deutscher Bundestag (German Parliament) 
 Online, Inc. (NYSE NYSE

See: New York Stock Exchange
: DBT) announced it has closed on the acquisition of the online public records business of Information America of Atlanta, Ga. from The Thomson Corporation. The acquisition includes KnowX.com (www.knowx.com), a leading Internet based public record research tool for consumer and small office users, and Informed which offers qualified users, including commercial lending and leasing companies, access to public information through the Internet or dial-up modems.

DBT acquired KnowX.com and Informed as part of its strategy to expand and diversify its customer base and enable the Company to further market its existing products to the rapidly growing population of Internet users. The acquisition price was $25 million in cash plus 329,172 DBT warrants with a strike price of $52.50 and a duration of 18 months. Credit Suisse First Boston Credit Suisse First Boston was originally the trading name of the Financière Crédit Suisse-First Boston, a London-based 50-50 investment banking joint venture formed in 1978 between the First Boston Corporation and Credit Suisse.  Corporation acted as financial advisor to DBT with respect to the acquisition.

About DBT Online, Inc.

DBT Online, Inc. (www.dbtonline.com) is one of the country's largest depositories of public records and other information, containing more than 4 billion records and more than 25 terabytes of data storage capacity. DBT's customers use its online information services See Information Systems.  to detect fraudulent activity, assist law enforcement efforts, locate people and assets, and verify information and identities, as well as many other purposes. DBT currently has more than 14,000 customers, consisting primarily of insurance companies, law firms This list of the world's largest law firms by revenue is taken from The Lawyer and The American Lawyer and is ordered by 2006 revenue:[1]
  1. Clifford Chance, £1,030.2m – International law firm (headquartered in the UK);
  2. Linklaters, £935.
, private investigators, and law enforcement and government agencies.

Forward-Looking Statements forward-looking statement

A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections.
: Information contained above with respect to the Company's Results of Operations, regarding expected future events and financial results, is forward-looking and subject to risks and uncertainties. Those statements are forward-looking statements within the meaning of Section 31E of the Securities Exchange Act of 1934. The following important factors could affect the future results of the Company and could cause those results to differ materially from those expressed in the forward-looking statements: (i) the ability to manage DBT's rapid expansion, (ii) protecting DBT's proprietary technology, (iii) impact of future government regulation on the availability of public records, and (iv) the extent, timing and success of competition from other database providers.
COPYRIGHT 1999 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1999, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Geographic Code:1USA
Date:Sep 24, 1999
Words:360
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