New direction and new location for Houghton Mifflin Interactive.BOSTON--(BUSINESS WIRE)--April 19, 1996--Houghton Mifflin Interactive announced today that it is now a separate operating unit operating unit A type of operating company that engages in transactions with outsiders and that is owned by another business. For example, in 1995 the stockholders of Capital Cities/ABC approved a $19 billion merger with the Walt Disney Company, whereupon of Houghton Mifflin Houghton Mifflin Company is a leading educational publisher in the United States. The company's headquarters is located in Boston's Back Bay. It publishes textbooks, instructional technology materials, assessments, reference works, and fiction and non-fiction for both young readers Company (NYSE NYSE See: New York Stock Exchange : HTN HTN Hypertension HTN High Blood Pressure HTN Hierarchical Task Network HTN Hughes Television Network HTN Hospitality Training Network (Sydney, Australia) HTN Histotechnology (program of study) ). Houghton Mifflin Interactive Corp. (http://www.hmco.com/hmi), a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Houghton Mifflin Company, will continue its close working relationship with the Trade & Reference Division, while broadening its affiliations with the other divisions at Houghton Mifflin Company. Although it remains a part of Houghton Mifflin, it has its own board of directors comprised of four representatives from three of Houghton Mifflin's six divisions and corporate staff. HMI (Human Machine Interface) The user interface in a manufacturing or process control system. It provides a graphics-based visualization of an industrial control and monitoring system. will also handle its product development, distribution and marketing to better serve customer's needs. In conjunction with becoming a new operating unit, Houghton Mifflin Interactive Corp. will be moving, Friday, April 19, from the corporate headquarters at 222 Berkeley St. to their own offices at 120 Beacon St. in Somerville, Mass. This new location and direction mark HMI Corp.'s commitment to becoming a leader in the field of consumer multimedia and home education. To meet this commitment, HMI Corp. is broadening its scope in sales, marketing and product development. In addition to publishing CD-ROMs which draw on Houghton Mifflin's well-known trade backlist back·list n. A publisher's list of older titles kept in print. tr.v. back·list·ed, back·list·ing, back·lists To place (a title) on a backlist. , such as the Peterson Field Guides, American Heritage American Heritage can refer to:
inquisitive, mischievous monkey. [Children’s Lit.: Curious George] See : Curiosity , HMI will also begin collaboration with the educational divisions of Houghton Mifflin, including The Riverside Publishing Co., the testing division of Houghton Mifflin Co. Conall Ryan, president, Houghton Mifflin Interactive Corp. and vice president, Houghton Mifflin Co., said, "Demand is strong for quality children's multimedia reference and education products. Parents want their children to be learning as they are entertained. Adults are looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. the same combination of education and enjoyment; HMI is ready to fill that need. We have an incredible backlist of reference and award-winning children's literature from which to choose, and will benefit greatly from Houghton Mifflin's other divisions as we go forward to create products which meet he demands of today's highly educated consumers." Nader F. Dareshori, chairman, president and chief executive officer of Houghton Mifflin Co., said, "By becoming its own separate operating unit, HMI Corp. can better focus upon the needs of its customers. Their expanding line of CD-ROMs further demonstrates Houghton Mifflin's capabilities in technology and commitment to becoming a leader in the multimedia marketplace." HMI, the newest imprint of Houghton Mifflin Co., publishes award-winning consumer multimedia products ranging from early learning titles to interactive reference guides for children and adults. Its hallmark, the use of well-established characters and series, like Curious George and the Peterson Guides, is further enhanced by development of new and original products. Houghton Mifflin is a leading publisher of textbooks, instructional technology, assessments and other educational materials for the elementary and secondary school and college markets, as well as an extensive line of reference publications, fiction and non-fiction for adults and young readers and multimedia entertainment products. The company's Internet site can be found at www.hmco.com. CONTACT: Houghton Mifflin Interactive Carol Johnston, 617/351-5048 carol_johnston@hmco.com |
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