ProQuest, a Cambridge Information Group company, has signed an agreement under which ProQuest will acquire the Thomson Reuters Dialog business. The transaction is expected to close pending a successful completion of the formal consultation period and other customary closing conditions. Financial terms of the transaction were not disclosed.
This acquisition will allow ProQuest to deepen its penetration in the corporate library and professional research markets with a valued brand, authoritative content and precision search tools. Dialog would continue to be an important distribution channel for Thomson Reuters content after the transaction. Derwent World Patents Index (DWPI), Investext, TrademarkScan, SciSearch and BIOSIS are among the many business-critical databases that will remain available through the Dialog services.
ProQuest plans for the Dialog business include refreshing its platforms, evolving them to meet the needs of today's information professional, as well as exploring new products and renovating existing products.
Dialog online-based information services help organisations across the globe to seek competitive advantages in such fields as business, science, engineering, finance and law. The Dialog portfolio of products and services, including Dialog and DataStar, offers organisations the ability to precisely retrieve data from more than 1.4 billion unique records of key information, accessible via the Internet.
