Jay Cross
Jay Cross

New blog
Links & more

Subscribe with Bloglines
Enter your email address to subscribe to Internet Time Blog.

KnowledgeNet to become part of NETg
Friday, August 27, 2004
Acquisition Will Enhance Thomson NETg Enterprise Learning Offerings

STAMFORD, Conn., – August 27, 2004 – The Thomson Corporation (NYSE: TOC; TSX: TOC) and KnowledgeNet, Inc., a privately held company recognized as a leader in live e-learning, today announced that they have signed a definitive agreement under which Thomson will acquire KnowledgeNet and merge it with its enterprise learning business, Thomson NETg. Terms of the pending transaction were not disclosed.

"Thomson NETg and KnowledgeNet are a perfect fit," said Thomas R. Graunke, chief executive officer and co-founder of KnowledgeNet. "Both companies have a long history of improving the effectiveness, accessibility and success of an array of training, development and learning programs. By merging our products, learning philosophies and industry expertise we are creating a compelling combination for all of our existing -- and new -- customers."

The transaction, expected to close later this year, is subject to customary regulatory and closing conditions, including the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended.

Full Press Release

My congratulations to Tom Graunke and the folks in Phoenix. I remember when KnowledgeNet was a pup. When they gave the remote demo (Placeware, if I remember correctly) that landed the Cisco account, I was in the next room working on another project. As they walked out of the room, the Cisco folks appeared quite impressed. The "no travel costs" argument was important back then.

A lesson for training professionals: Thompson doesn't differentiate learning from information. Neither should you. Both provide value. Training is simply another delivery channel. If it solves the problem, go for it.

"The Thomson Corporation (Thomson) is a global provider integrated information solutions to business and professional customers. The Company generates revenues by supplying its customers with business-critical information from multiple Thomson and third-party databases, and further enhances the value of that information with analysis, insight and commentary. To enhance the speed and accessibility of information, Thomson increasingly delivers information and services electronically."

KnowledgeNet will be merged into NETg. Joe Dougherty, current president of Thomson NETg, will lead the combined business.


Post a Comment

<< Home

About Us | Contact Us | Home |

Powered by Blogger

Copyright 2005, Internet Time Group, Berkeley, California