SilverPlatter posts 1995 earnings; Strong performance from SilverPlatter International.NORWOOD, Mass.--(BUSINESS WIRE)--Dec. 27, 1996--SilverPlatter International, N.V., headquartered in London, England and Norwood, Massachusetts Norwood is a town and census-designated place in Norfolk County, Massachusetts, USA. As of the 2000 census, the population was 28,587. The community was named after Norwood, England. , announced its 1995 earnings posting a 30% increase in revenues over 1994.Figures from SilverPlatter International N.V., show 1995 revenue at $60 million over last year's $42 million. The increase in revenue is attributed to the strong performance of SilverPlatter's Electronic Reference Library Electronic Reference Library (ERL) is a client to server approach to networking CD-ROM and magnetic databases. It enables access from Macs and UNIX machines. At present, there are only UNIX clients for workstations running Solaris 2. (ERL See URL. ) technology and increasing sales of its collection of high quality reference databases. Mid-year revenue figures for 1996 stand at $37.1 million, a 26% increase over the corresponding period for 1995. "We are pleased with the growth of SilverPlatter. 1995 was a good year for the company and continued strong growth is anticipated in 1996," said Brian Earle, SilverPlatter's Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. . SilverPlatter's strategy is to create a worldwide electronic reference library through partnership with publishers, customers, distributors and technology firms. SilverPlatter has used its expertise to create comprehensive libraries of reference information on CD-ROM CD-ROM: see compact disc. CD-ROM in full compact disc read-only memory Type of computer storage medium that is read optically (e.g., by a laser). and the Internet in conjunction with a wide range of information, technology and business partners. The company has recently initiated a program that enables partners to license SilverPlatter technology to create their own ERL-compliant databases. SilverPlatter US is developing partner publishing relationships in America, including H.W. Wilson Company and FOI FOI Freedom Of Information FOI Totalförsvarets Forskningsinstitut (Swedish Defence Research Agency) FOI The Swedish Defence Research Agency FOI Field of Interest FOI Full of It FOI Fruit of Islam (Freedom of Information) Services. SilverPlatter and Micromedia Limited, in SilverPlatter's Canadian, Pacific Rim Pacific Rim, term used to describe the nations bordering the Pacific Ocean and the island countries situated in it. In the post–World War II era, the Pacific Rim has become an increasingly important and interconnected economic region. and Latin American zone, announced an agreement to distribute 10 Partner Published titles worldwide through SilverPlatter's Global Distributor Network. Micromedia has published a collection of Canadian databases on SilverPlatter. These databases now available through SilverPlatter include: Canadian Business Canadian Business is the longest-publishing business magazine in Canada. It was founded in 1928 as The Commerce of the Nation, the organ of the Canadian Chamber of Commerce. The magazine was renamed Canadian Business in 1933. and Current Affairs current affairs npl → (noticias fpl de) actualidad f current affairs current npl → (questions fpl d')actualité f (CBCA CBCA Centro Brasileiro da Construção em Aço CBCA Canadian Business Corporations Act CBCA Calgary Birth Control Association CBCA Charlotte Builders and Contractors Association CBCA Chilled Beam and Ceiling Association ) Fulltext, Canadian Business, Trade & Technology Fulltext, The Canadian Education Index, Canadian Research Index, Directory of Associations in Canada, Index to Canadian Legal Literature, Repere, TRANSCAT, WAVES, and World Bank of Licensable Technology. "One of our keys to success is SilverPlatter's responsiveness to partners and customers," said Donna Lynn, President of SilverPlatter's US zone. "With break-through technology and communication, we can design and implement information solutions that work best for each customer." To respond to new market opportunities SilverPlatter has also announced plans to open offices in Paris and Bologna to complement established offices in Amsterdam, Berlin, Boston, Hong Kong, London and Sydney. Phoenix Fund Managers (PFM), the London-based private investment banking firm, has acquired a 11.5% stake in the company from former employees. "SilverPlatter has achieved an excellent position in a very attractive market implementing its strategy of building its business through partnership..." said Martin Smith, Chairman of PFM. "We plan to contribute to this growth as a shareholder." SilverPlatter provides electronic access to quality bibliographic and full-text databases using innovative technology via local, intranet and Internet access. SilverPlatter works collaboratively with publishers and data owners, library system vendors and distributors worldwide to make available the widest range of quality databases and greatest choice of access. With these partners, SilverPlatter shares its Electronic Reference Library (ERL) Technology, so that it can be used as a common technological framework on which digital libraries can be created and interconnected to form a Worldwide Library. CONTACT: Patricia Samson, 1-800-343-0064 or 1-617-769-2599, x189 pats@silverplatter.com |
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