CSSINFO receives equity investment from Thomas Publishing Company.
CSSINFO president and cofounder Gregg Hammerman says, "We are very fortunate to have been recognized by such an established, reputable organization like TPCo. Not only is TPCo an industrial publishing leader with an enormous amount of content and services, but a name that nearly every American engineer recognizes and respects. This strategic relationship will clearly benefit CSSINFO in many ways, particularly as we expand our information collection and offer greater value to our customers.
CSSINFO's chairman, Carlos Zorea, comments, "This is a seminal investment that will begin a bold new phase of our company. We can now start to implement our growth strategy and build a true 'engineering information portal' that will provide engineers and technical professionals with comprehensive and compelling information products to satisfy their needs."
TPCo has introduced online editions of several of its publications. Chairman Jose E. Andrade says, "We see the investment and partnering with CSSINFO as a strategic fit that will enhance the growth of both companies."
The funds will be used to complete the first phase expansion of CSSINFO's information collection. In the first quarter of 2000, the company will launch a formidable technical bookstore and a collection of technical training products.
CSSINFO is the owner of one of the world's largest collections of industry standards and specifications from over 300 different standards developing organizations worldwide.
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|Publication:||The Newsletter on Newsletters|
|Article Type:||Brief Article|
|Date:||Feb 15, 2000|
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