Knight-Ridder to acquire UnCove (Leticia Alvarez) Marcia Tuttle 11 Aug 1995 17:32 UTC
---------- Forwarded message ---------- Date: Fri, 11 Aug 1995 10:03:18 EDT From: Leticia Alvarez <alvarez@READMORE.COM> Subject: Knight-Ridder to acquire UnCove KNIGHT-RIDDER INFORMATION TO ACQUIRE THE CARL CORPORATION AND THE UNCOVER COMPANY Unique strengths in markets, technologies and content will combine to enhance the total solution to customers. MOUNTAIN VIEW, Calif., August 9, 1995 -- Knight-Ridder Information, Inc. announced today that it intends to acquire 100% interest in The CARL Corporation, a leading provider of library automation services. In a related announcement, the company announced that it also intends to acquire total interest in The UnCover Company, a joint partnership of The CARL Corporation and Blackwell Limited. The CARL Corporation was incorporated in 1988 as a for-profit spin-off of the Colorado Alliance of Research Libraries, and has grown to become one of the preeminent companies in the field of advanced automated library and information services. The UnCover Company, formed in 1993 to advance CARL's UnCover project, has rapidly grown to become one of the industry's premier online information and document supply services. Management of both CARL and UnCover will continue unchanged. "Knight-Ridder brings significant resources, scope, and talent to this acquisition," said Ward Shaw, chairman and CEO of CARL. "This will profoundly enhance our ability to address new development and growth opportunities in all our market areas. We at CARL and UnCover are delighted to be joining the Knight-Ridder family." "We believe The CARL Corporation and The UnCover Company will introduce a new combination of content, talent, and technology into the Knight-Ridder Information family that will augment our KR SourceOne(SM) document business unit and advance our strategic mission in the field of document supply," said Cathy Gordon, vice president of KR SourceOne. Begun in 1994, KR SourceOne has become one of the world's largest document suppliers. From its beginning as an express document delivery supplier specializing in patent images, KR SourceOne has grown into a comprehensive full-service document provider through its previous acquisitions of Article Express International and Information On Demand. Asked how CARL and UnCover fit into the KR SourceOne service mix, Ms. Gordon replied, "We have identified two categories of users in the market: those who require a full-service document brokerage, and those who prefer to broker this function internally. UnCover's automated document capability, combined with our other document services, will enable KR SourceOne to provide viable offerings for both audiences." Both Knight-Ridder Information and Blackwell Limited have indicated that cooperative marketing agreements already in place between The UnCover Company, BH Blackwell and Readmore will continue. "The Blackwell companies fully expect that this powerful new positioning of UnCover, built on increased investment in technical and product support, will enhance services and allow us to expand our existing market and penetrate new ones," said Terry Collins, CEO of the Blackwell Group. Knight-Ridder Information, CARL, and the Colorado Alliance of Research Libraries have also indicated their intent to continue to work together. "The Alliance Board believes that everyone is a winner in this transaction. With the sale proceeds, the public and private colleges, universities and libraries in Colorado and Wyoming who are members of the Alliance can now more vigorously undertake the task of providing information services to their students, faculty and library patrons," said Steven Hulbert, chairman of the board of the Alliance. This transaction is subject to final negotiation of the definitive agreements, which are expected to be completed shortly. Knight-Ridder Information, Inc. is the acknowledged world leader in electronic information access and delivery, with 200,000 customers in almost 150 countries. The company offers the DIALOG(R) and DataStar(SM) services, which provide access to more than 600 online databases; KR Information OnDisc(TM) collection of nearly 70 titles on CD-ROM; and KR SourceOne, a comprehensive, worldwide document delivery service. Easy-to-use Windows(TM)-based applications for information professionals, scientists, and business professionals are under development. Knight-Ridder Information is located at 2440 El Camino Real, Mountain View, California 94040; phone: (415) 254-8800 (Mountain View) or (215) 241-0131 (Philadelphia). In the U.S. and Canada, call (800) 334-2564. In the U.K., phone +44 (0)171 930 7646. The company can also be reached by fax at (415) 254-7070 or via the Internet World Wide Web at http://www.dialog.com. Knight-Ridder Information is a subsidiary of Knight-Ridder, Inc. (NYSE: KRI). The companies of the Blackwell Group pride themselves on their preeminence as the natural intermediaries in their chosen markets between publisher and library and end-user. Still privately owned, the group of Blackwell companies now includes over 70 academic bookshops in the UK as well as library supply companies in the UK, USA and Australia, providing global acquisitions services to libraries world-wide. Blackwell Ltd, is located at 50 Broad Street Oxford. For more information contact: Jane Beddall, BH Blackwell, phone +44 (0) 1865 261362; fax: +44 (0) 1865 261314; e-mail: email@example.com; or Letty Alvarez, Readmore Inc., phone (212) 349-5540; fax: (212) 385-2350; e-mail: firstname.lastname@example.org. For more information on CARL Corporation and its family of information products and services, contact Dodie Ownes, Marketing Coordinator, CARL Corporation, 3801 E. Florida, Suite 300, Denver, Colorado 80210; voice: (303) 758-3030 x154; fax: (303) 758-0606; e-mail: email@example.com. For information on UnCover, contact Brenda Bailey, Marketing and Client Liaison, The UnCover Company, 3801 E. Florida, Suite 200, Denver, Colorado 80210; voice: (303) 758-3030 x105; fax: (303) 758-5946; e-mail: firstname.lastname@example.org. Complete information on both CARL and UnCover is available via the Internet World Wide Web at http://www.carl.org. For UnCover information only, connect to http://www.carl.org/uncover/unchome.html. PRESS CONTACTS: Sharyn Fitzpatrick Knight-Ridder Information (800) 334-2564 or (415) 254-8601 email@example.com Rebecca T. Lenzini The CARL Corporation/ The UnCover Company (303) 758-3030 x102 firstname.lastname@example.org # # # DIALOG is a service mark (registered U.S. Patent & Trademark Office), DataStar and KR SourceOne are service marks, and KR Information OnDisc is a trademark of Knight-Ridder Information, Inc., a Knight-Ridder company. All other marks are the property of their owners.