NEWZ Signs 100th eTopics(TM) Customer
-Demand for Digital Business Content Sparks Rapid Sales for NewsEdge eContent Product-
BURLINGTON, Mass., June 14 /PRNewswire/ -- NewsEdge Corporation (Nasdaq: NEWZ), today announced the signing of its 100th eTopics(TM) customer. Last month the Company announced a strategic refocusing on eContent solutions to business-oriented Web sites, which has generated rapid sales since its release. Aggregate annual contract value for eTopics is now approximately $2 million
eTopics delivers current, editorially tailored global business content to corporate intranets, web portals, extranets and e-commerce exchanges. Clients include Salary.com, Industry Solutions Online Ltd, Agilent, healthchannel.com, hrVillage.com and B2BXchange, Inc.
"This phenomenal response to eTopics validates recent market research and our firm belief in the demand for business-specific content on the Web," said NewsEdge CEO and President Cliff Pollan. "We are well positioned in this market space and will continue leveraging our unique technology and editorial innovations to help business web sites with their diverse content needs which support their readership and commerce goals."
In May, the Company announced that it would refocus its resources around eContent management, developing new eContent solutions and adding new sales channels. In limited release prior to general commercial availability, 60 customers purchased eTopics, generating orders with an annual value of over $1 million.
How It Works
eTopics customers select topics from NewsEdge's editorial library of 1,500 business oriented topics, filtered and reviewed by the Company's editorial experts. Each topic is incorporated into the customer site, providing visitors with the day's top stories. Additionally, web site managers have the option of working directly with the Company's editorial experts to create custom topics specific to their needs, to be maintained daily by NewsEdge staff. Each business day the site is replenished with fresh content from over 400 information sources worldwide, including The Associated Press, Knight- Ridder Tribune, Le Monde, Il Sole 24 Ore, Neue Zurcher Zeitung, Phillips, American Health Consultants, InfoWorld, News Straits Times, and Bridge News.
Clients on Board
Salary.com is among the new clients to augment their sites with eTopics. The Wellesley, MA-based company provides compensation data and content online at no charge for individuals, business managers and human resource professionals.
Andy Linn, Senior Vice President of Product Management at Salary.com commented, "With eTopics, we can provide relevant, timely content that business and HR managers need to stay informed about compensation issues in the news. eTopics' daily content aggregated from hundreds of sources and integrated with our own original research, data, and feature articles enhances our position as the leader in on-line compensation information."
Another early adopter of eTopics is Industry Solutions OnLine Ltd., a UK- based wholly owned subsidiary of Sterling Publishing Group PLC which provides business-to-business vertical web sites in industries including power, chemicals and water.
"Using eTopics, the latest industry news was quite easily implemented on the first of many web sites we will launch in the coming year," said Julie West at Industry Solutions OnLine. "We are impressed by the range of industry-specific sectors covered by eTopics, and confident that content is suitable for the specific interests of the site's audience."
NewsEdge Corporation
NewsEdge Corporation (Nasdaq: NEWZ) is a leading provider of eContent solutions for business oriented web sites. Differentiating NewsEdge is its core competency in refining and personalizing content via the company's editorial team of industry specialists. NewsEdge's serves approximately 1,450 organizations, including 43 of Business Week's 50 largest global companies, with award-winning news and information solutions including eTopics?NewsEdge Insight(TM), NewsEdge Live(TM), and NewsEdge Review(TM) topics. NewsEdge is headquartered in Burlington, Massachusetts with sales offices and distributors throughout North America, South America, Europe, Japan and the Middle East. For more information about NewsEdge Corporation, please visit the company's Web site at newsedge.com.
NewsEdge is a registered trademark of NewsEdge Corporation. All other product or service marks mentioned herein are those of NewsEdge or their respective owners.
Certain of the above statements on the Company's future revenue and financial performance, are forward-looking statements that involve risks and uncertainties. Actual results could differ materially as a result of a variety of factors, including, risks associated with acquisitions, the timely development and acceptance of new products, competitive developments, the success of relationships with third parties, and other risk factors described from time to time in the Company's SEC reports.
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SOURCE: NewsEdge Corporation
CONTACT: Ann Shannon of Mullen Public Relations, 978-468-1155, ashannon@mullen.com, Paul Joyal of NewsEdge Corporation, 781-229-3342, paul.joyal@newsedge.com |
