Infotrieve to Pioneer Integration of STM Content and Product Procurement Through Acquisition of LabVelocity
Infotrieve, Inc., the leader in on-demand delivery of scientific, technical, and medical (STM) information and integrated information management solutions, has purchased life sciences information management software and technology services provider LabVelocity. Infotrieve will leverage this acquisition to make a measurable impact on the speed of corporate research and development activities, pioneering the first large-scale workflow integration of scientific and technical literature with laboratory products used by life scientists and engineers during the research and development process.
LabVelocity has supported life scientists and life science companies with timely, on-demand access to technical information and laboratory research products since its inception in 1999, made available through partnerships with laboratory product suppliers. Infotrieve will integrate both its existing and future solutions with those from LabVelocity, beginning with enabling links to research products in the "Materials and Methods" section of electronic journal articles. Researchers will be able to transfer product requests to their purchasing organizations or directly into their internal procurement systems.
"Infotrieve's acquisition of LabVelocity will have a profound impact on commercial research and development practices, removing multiple steps from standard processes and providing a malleable infrastructure for controlling purchasing costs," said Infotrieve CEO and President, Wes Crews. "LabVelocity products will serve as another valuable component within Infotrieve's integrated solution and positions us to deliver even greater financial and operational benefits to our customers and strategic partners."
LabVelocity's suite of solutions includes: ResearchLink Enterprise, a web-based service to increase lab productivity, simplify sourcing processes, and control costs at research institutions and companies; ProductManager, an interactive product catalog management and syndication tool; ProductListing, a product listing service for product suppliers; WebManager, a website development solution with integrated online and print product catalog production capabilities and smart search capabilities; and Jellyfish, an innovative bioinformatics software tool that provides scientists with robust DNA and protein sequence analysis capabilities.
"This exciting development fits precisely with LabVelocity's mission by providing the infrastructure to support a streamlined flow of product data and related information between suppliers of scientific and technical research products, and the companies and professionals that use them," added LabVelocity Co-Founder and President, Erik Lium, Ph.D., who has joined Infotrieve along with other key LabVelocity executives.
For additional information, please visit Infotrieve online at www.infotrieve.com, or contact Infotrieve Marketing Manager, Ian Palmer, by phone at 310-445-3038 or via e-mail at firstname.lastname@example.org.
Infotrieve is the premier brand within the scientific, technical, and medical (STM) information management industry, leveraging its integrated information management solutions to power the research and development activities for innovative companies worldwide. Infotrieve serves companies of all sizes, from start-ups to Fortune 500 companies, as well as other organizations such as academic institutions and government entities. The company specializes in developing solutions for use by information specialists, life scientists, engineers, researchers, procurement professionals, and marketers.
eCollege Named One of Colorado’s Fastest Growing Technology Companies
eCollege(SM) (Nasdaq: ECLG), a leading provider of value-added information services to the post-secondary education market, today announced it has been named to Deloitte's prestigious Colorado Technology Fast 50 Program. This is the fourth straight year eCollege has been among the fastest growing technology companies in Colorado based on five year revenue growth.
The Fast 50 is a ranking of the 50 fastest growing technology companies in the area by Deloitte & Touche LLP, one of the nation's leading professional services firms. This year's Colorado Technology Fast 50 Program is sponsored by Holme Roberts & Owen LLP and The Denver Business Journal.
"We are delighted to make the Fast 50 list for the fourth consecutive year," said Oakleigh Thorne, chairman and CEO of eCollege. "The growth of our company, and of online education overall, is based on a continually upward-moving trend of non-traditional students seeking greater educational opportunities. The strength of our business revolves around the success of our customers' online programs, which in turn drives our own growth."
Rankings are based on the percentage of growth in fiscal year revenues from 1999-2003. eCollege's increase in revenues of 693 percent from 1999 to 2003 resulted in a number 13 ranking on the Fast 50 for the Colorado region.
"To rank on the Fast 50, companies must have exceptional revenue growth over five years," said Steve Yaroch, chair of the 2004 Colorado Technology Fast 50 and Colorado Technology, Media & Telecommunications Practice Leader, Deloitte & Touche LLP. "eCollege has proven to be one of the fast-growth success stories in Colorado, and we applaud its success and vision."
To qualify for the Colorado Technology Fast 50, a company must have had operating revenues of at least $50,000 in 1999 and $1,000,000 in 2003; must be a public or private company headquartered in Colorado; and be a "technology company," defined as owning proprietary technology that contributes to a significant portion of the company's operating revenues (using other companies' technology in a unique way does not qualify), and/or devoting a significant proportion of revenues to research and development of technology.
Winners of the 19 regional Deloitte Technology Fast 50 programs in the United States and Canada are automatically entered in the Deloitte Technology Fast 500 Program, which ranks North America's top 500 fastest growing technology companies. For more information on the Fast 50 or Fast 500 programs, visit www.fast500.com.
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