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Thomson to Acquire NewsEdge

The Thomson Corporation, a leading e-information and solutions company in the business and professional marketplace and NewsEdge Corporation today announced that they have signed a definitive agreement under which Thomson will acquire NewsEdge.

With 2000 revenues of over $70 million, NewsEdge is a global provider of content solutions and electronic publishing technologies for business, financial, government, and other corporate customers. It provides real-time news and information products and services to approximately 1,500 corporations and professional service firms worldwide.

NewsEdge combines patented technology, world-class content, and specialized editorial processes to deliver tailored information and decision-support solutions to knowledge workers through three major lines of business-information and decision-support services, content solutions, and electronic publishing technologies.

Thomson plans to align NewsEdge with The Dialog Corporation, as part of the Thomson Legal & Regulatory market group. The acquisition underscores the Thomson commitment to provide the broadest and most powerful e-information solutions to the legal, regulatory, government, corporate, and professional markets.

Roy Martin, president and chief executive officer of Dialog, said NewsEdge is seen as a key to supporting the Thomson strategy of integrating its information and technology tools within the infrastructure of its customers. "In today's business environment, critical decisions are only as good as the information they are based on," said Martin. "NewsEdge's unique strength in developing enterprise content and decision-support solutions helps its customers more easily navigate and unlock the unrealized value of all of their information assets, shaping the strategies and decisions that drive the success of the organization."

The transaction is expected to be completed during the second half of the year.

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