OCLC ACQUIRES INFORMATION DIMENSIONS, INC.
DUBLIN, Ohio, April 22 /PRNewswire/ -- Today, OCLC Online Computer Library Center acquired Information Dimensions, Inc. (IDI) from Battelle Memorial Institute. IDI, located in Dublin, Ohio, will operate as a for-profit subsidiary of OCLC, a non-profit organization which is located in Dublin. Immediately following the acquisition, the IDI board of directors elected K. Wayne Smith as chairman of the board and chief executive officer of IDI. Jim Hackbarth was named president and chief operating officer of IDI. K. Wayne Smith is president and chief executive officer, OCLC. Jim Hackbarth was formerly OCLC's director of sales and market planning. Dr. Smith stated: "IDI has the people, skills, and products to remain the leader in its existing markets. It also provides an exciting strategic fit with OCLC in full-text electronic publishing, electronic archiving, and information management -- areas of growing importance for both organizations. IDI markets computer software products for managing electronic documents and text on leading mainframe computers, microcomputers, workstations, and personal computers. Its two major software products - - BASISplus and ZyINDEX -- are widely recognized as industry leaders in database and documents management. IDI's clients include more than half of the Fortune 100 companies as well as numerous government agencies, publishers, and financial organizations. Sales in 1992 were $33 million, more than half of which were international IDI has 280 employees worldwide, 130 of whom are located in its headquarters at 5080 Tuttle Crossing Blvd. It maintains major sales offices in London, Paris, Geneva, Milan, Stockholm, and Frankfurt as well as eight such offices in North America. IDI has a subsidiary in Australia and distributors in Spain, Scandinavia, Korea, Singapore, Argentina, and other industrialized countries. IDI was founded in 1986 as a for-profit subsidiary of the not-for- profit Battelle Memorial Institute, the world-renowned research and development center headquartered in Columbus, Ohio. OCLC, a nonprofit computer library service and research organization based in Dublin, Ohio, operates an international computer network used by more than 16,000 libraries in 47 countries for a cataloging, resource sharing, and reference services. OCLC has annual revenues of some $100 million and over 850 employees worldwide. OCLC is a recognized leader in electronic publishing. Last year, OCLC and its partner, the American Association for the Advancement of Science, introduced "The Online Journal of Current Clinical Trials," the world's first peer-reviewed electronic science journal. OCLC is also developing an online database of full-text articles from chemical journals in conjunction with Cornell University, the American Chemical Society, and Bellcore. In collaboration with the Association of American Publishers, OCLC also operates the Electronic Publishing Special Interest Group, which promotes the use of and development of the Electronic Manuscript Standard for authors, publishes, typesetters, libraries, and information consumers. -0- 4/22/92 /CONTACT: Nita Dean of OCLC, 614-761-5002/
CO: OCLC ST: Ohio IN: CPR SU: TNM
LC -- CL037 -- 9811 04/22/93 18:23 EDT
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|Date:||Apr 22, 1993|
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