NewsEdge Corporation Announces Executives and Product Lineup To Extend Market Leadership.BURLINGTON, Mass.--(BUSINESS WIRE)--Feb. 25, 1998-- Seven named to post-merger leadership positions; four new product lines span market needs for news, current awareness NewsEdge Corporation (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :NEWZ), the newly formed leader in global news and current awareness solutions for business, today introduced its management leadership and a comprehensive suite of products designed to set the standard for business news. The move follows yesterday's consummation of the merger between Desktop Data, Inc. and Individual, Inc., the top two independent providers of real-time and personalized per·son·al·ize tr.v. per·son·al·ized, per·son·al·iz·ing, per·son·al·iz·es 1. To take (a general remark or characterization) in a personal manner. 2. To attribute human or personal qualities to; personify. news services for business people. Donald L. McLagan is president, chairman 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. of NewsEdge Corporation. Reporting to McLagan are: Dan O'Reilly, vice president and CTO (Chief Technical Officer) The executive responsible for the technical direction of an organization. See CIO and salary survey. ; Cliff Pollan Pol´lan n. 1. (Zool.) A lake whitefish (Coregonus pollan), native of Ireland. In appearance it resembles a herring. , VP of sales, marketing and customer services; Michael Welles, VP of news operations; John Moss John Moss is the name of:
During the pre-merger period, this industry-experienced team focused on key strategic initiatives, one of which was the design of a suite of news products, announced today, that address the needs of all business and financial professionals, from those for whom up-to-the-second real-time news streams can mean millions in profit to others who want specific company or industry briefings every day. "Our mission is to make news valuable for busy people at work," said McLagan. "Every member of this new organization--over 400 engineers, editors, sales, service and support professionals--is enthusiastically aligned and directly incented to make this company the 'go-to' provider of global news and current awareness. We provide solutions for business people who need the right information at the right time." NewsEdge Corporation is the leader in the current awareness news services marketplace, delivering more than 50,000 stories from 2,000+ global information sources from over 120 of the world's leading publishers daily to more than 950,000 paid, registered, or authorized users authorized user Radiation physics A person who, having satisfied the applicable training and experience requirements, is granted authority to order radioactive material and accepts responsibility for its safe receipt, storage, use, transfer and disposal . Current Awareness is one of the hottest segments of the Intranet/Internet information services See Information Systems. industry, growing 51% to $203 million in revenue in 1997 and projected by Stamford-based Cowles/Simba Information to expand to $1.05 billion by 2002. Holding a 38% share of the current awareness market, NewsEdge Corporation is focused exclusively on current awareness and spans the entire range of products and services demanded by the business marketplace, including offerings for the single user or the enterprise, the financial institution or the corporation, the news-centric user or the knowledge worker. New Product Suite Addressing The Spectrum Of Business People The NewsEdge suite of products is composed of four major offerings, NewsEdge Live, NewsEdge Insight, NewsEdge NewsPage and NewsEdge NewsTools. The NewsEdge suite of products consolidates and builds upon previous product offerings from the two companies and mirrors the spectrum of information solutions that are in growing demand in the business marketplace: NewsEdge Live delivers up-to-the second, real-time news via enterprise LAN/WANs and Intranets to users who actively monitor news during the day, responding to or transacting upon individual news stories as they happen. Traders, financial analysts, media relations professionals and executives use NewsEdge Live to closely track any news about markets, companies, competitors, suppliers and partners that may appear in over 50,000 news stories written each day. NewsEdge Insight products are editorially oriented and deliver focussed and timely industry and company news from a broad set of high quality sources compiled into a value-added presentation for the knowledge worker delivered via the Internet or Intranet. Marketing managers, competitive intelligence specialists, sales professionals, and consultants benefit from the editorial synthesis of information in Insight, helping them "read less but know more". NewsEdge NewsPage, the leading customized news source on the Internet, is located at http://www.newspage.com. NewsPage represents a cost-effective, advertisement-subsidized news solution for individuals, workgroups, and companies seeking a strong combination of news personalization, comprehensive coverage, targeted relevancy, and business content links. With 650,000 subscribers, the service has established itself as the premier business-to-business publication on the Web, ranking 16th in the top 20 sites for online advertising revenues, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Jupiter Communications, an interactive market research firm. NewsEdge NewsTools includes software, documentation and sample applications that help organizations and third party developers "place, not push" relevant news inside mission critical applications as an integral and context-sensitive addition to other internal and external information. The product line includes the revolutionary, award-winning (1997 Internet Product of the Year, Information World Review), components-based NewsObjectsTM that enable fully customizable plug-and-play integration of news profiling and searching into third-party applications. Leading the Industry in Technology, Editorial Enhancement and Service To support the current and future product line initiatives, NewsEdge Corporation development and news operations teams, under the direction of John Moss and Michael Welles, have begun work on an underlying information management and delivery architecture designed to consolidate the back-end processing of information feeds and to provide next-generation editorial refinement, administrative control Direction or exercise of authority over subordinate or other organizations in respect to administration and support, including organization of Service forces, control of resources and equipment, personnel management, unit logistics, individual and unit training, readiness, mobilization, and user functionality. For customer direction to this initiative, NewsEdge Product Design Councils will be formed and announced in the Spring. About NewsEdge Corporation NewsEdge Corporation is the leader in global news and current awareness solutions for business. The Company's mission is to make news valuable for busy people at work. Formed by the merger of Desktop Data, Individual, and ADP/ISS, NewsEdge Corporation is the world's largest independent news integrator. Clients at 1,000+ organizations are provided with a powerful combination of authoritative content, a comprehensive line of technologies, customization options, editorial value-added capabilities, and unparalleled client support and consulting services. NewsEdge Corporation helps business people find the most important, relevant stories from the overwhelming volume of daily news, enabling them to act on the most current information possible. NewsEdge Corporation has architected its product line to fit into a wide variety of corporate environments, from trading floors to executive suites. NewsEdge products feature multiple user interfaces and a complete set of feature and delivery options, using the Internet/Intranet, groupware Software that supports multiple users working on related tasks in local and remote networks. Also called "collaborative software," groupware is an evolving concept that is more than just multiuser software which allows access to the same data. platforms, fax or electronic mail. Product capabilities range from filtered, real-time scrolling news to editorially enhanced news briefings presented by topic, industry or Company, all powered by the world's most robust news refinery. NewsEdge delivers more than 50,000 stories from 2,000+ global information sources from over 120 of the world's leading publishers daily to more than 950,000 paid, registered, or authorized users. NewsEdge supports its products with a complete range of direct sales, service and consulting professionals. NewsEdge Corporation is headquartered in Burlington, Massachusetts Burlington is a town in Middlesex County, Massachusetts, United States. The population was 22,876 at the 2000 census. History Burlington was first settled in 1641 and was officially incorporated on February 28, 1799. with sales offices throughout North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , Europe and Japan. NewsEdge Corporation has business partnerships and strategic alliances with Avesta Technologies, BackWeb Technologies, Bloomberg, Capitol Hill Software, CNBC/Dow Jones Business Video, CompassWare Development, CSK Software (company) CSK Software - An international software company formed by the merger of Quay Financial Software and Micrognosis, and fully owned by CSK Corporation, Japan. , DataChannel, Digital Knowledge Assets LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , Lotus, Microsoft, Midas-Kapiti International, NETCOM NETCOM Network Enterprise Technology Command (US Army) NetCom Network Command (information systems) , Netscape, Seibel Systems, TIBCO TIBCO The Information Bus Company Financial, and Toshiba. Shares of NewsEdge Corporation are traded publicly on the NASDAQ exchange (NEWZ). For more information, visit the Company's web site: http://www.newsedge.com. -0- Certain of the above statements on the Company's future revenue and financial performance, are 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. that involve risks and uncertainties. Actual results could differ materially as a result of a variety of factors, including, risks associated with acquisitions, the timely development and acceptance of new products, competitive developments, the success of relationships with third parties, and other risk factors described from time to time in the Company's SEC reports. CONTACT: NewsEdge Corporation Bill Peyton, 781/313-5261 bill.peyton@newsedge.com or Mullen Public Relations public relations, activities and policies used to create public interest in a person, idea, product, institution, or business establishment. By its nature, public relations is devoted to serving particular interests by presenting them to the public in the most Erika Schutz, 978/468-1155 eschutz@mullen.com |
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