Information
Today, Inc. Acquires Faulkner Information Services
May
19, 2004, Medford, NJ—Information
Today, Inc. (ITI) has announced
the acquisition of the publishing
assets of Faulkner Technical
Reports, Inc., a diverse line
of information products known
as Faulkner Information Services.
No terms of the deal have been
announced, but a spokesperson
for ITI describes the acquisition
as a win-win arrangement.
Faulkner Information Services
provides Web-based information
in the fields of information
technology, communications,
and security. Its flagship
service is called the Faulkner
Advisory on Computer and Communications
Technologies (FACCTS), which
is a continuously updated and
searchable library of hundreds
of research reports written
for IT and communications managers,
users, and suppliers.
The Faulkner Information Services
management team will continue
to run the new ITI subsidiary
at its present location in
Pennsauken, New Jersey. Marty
Murphy, the former Faulkner
president and principle shareholder,
has left to pursue other interests
but retains a strong interest
in the success of the company. “We
purchased the business in 1993
and have greatly expanded the
breadth and depth of the service
offerings,” said Mr.
Murphy. “I have every
reason to believe that ITI
will continue to improve the
existing products and create
new ones as opportunities arise.
I also believe that ITI has
the marketing channels that
will help make Faulkner Information
Services a dominant player
in the information technology
research arena.”
Tom Hogan,
Sr., president and CEO of Information
Today, Inc.,
said, “The wealth of
content and the customer base
that Faulkner has managed to
attract and retain during difficult
economic times are truly impressive.
The management team rolled
up their sleeves and dedicated
themselves to the survival
of the company. That kind of
commitment is what sealed our
interest in adding Faulkner
Information Services to our
existing products and services.”
As a side note, Tom Hogan
admitted that his first job
in the information industry
was in 1968 with Auerbach Info,
Inc., a major part of which
later became Faulkner Information
Services. “I wish I could
say that this was the culmination
of some life-long dream or
strategy to acquire the company
that gave me my start in the
information industry,” said
Hogan, “but this was
purely a serendipitous and
fortunate turn of events. I
am nonetheless pleased and
excited about the possibilities
we have inherited.”
About Information Today, Inc.
Information Today, Inc. (ITI)
is a leading publisher and
conference organizer in the
information and knowledge
management industries. The
company is widely known as
the publisher of premier
information and knowledge
management titles such as
Information Today, Computers
in Libraries, ONLINE, MultiMedia & Internet@Schools,
CRM, Searcher, KMWorld, and
EContent. In addition to
periodicals, ITI publishes
many books and directories
pertaining to the information
and knowledge management
industries. ITI is also the
sponsor and organizer of
many industry conferences,
including WebSearch University,
KMWorld & Intranets,
Internet Librarian, Computers
in Libraries, Enterprise
Search Summit, Streaming
Media, and Buying & Selling
eContent.
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