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Information Today, Inc. Acquires Faulkner Information Services

May 19, 2004, Medford, NJ—Information Today, Inc. (ITI) has announced the acquisition of the publishing assets of Faulkner Technical Reports, Inc., a diverse line of information products known as Faulkner Information Services. No terms of the deal have been announced, but a spokesperson for ITI describes the acquisition as a win-win arrangement.

Faulkner Information Services provides Web-based information in the fields of information technology, communications, and security. Its flagship service is called the Faulkner Advisory on Computer and Communications Technologies (FACCTS), which is a continuously updated and searchable library of hundreds of research reports written for IT and communications managers, users, and suppliers.

The Faulkner Information Services management team will continue to run the new ITI subsidiary at its present location in Pennsauken, New Jersey. Marty Murphy, the former Faulkner president and principle shareholder, has left to pursue other interests but retains a strong interest in the success of the company. “We purchased the business in 1993 and have greatly expanded the breadth and depth of the service offerings,” said Mr. Murphy. “I have every reason to believe that ITI will continue to improve the existing products and create new ones as opportunities arise. I also believe that ITI has the marketing channels that will help make Faulkner Information Services a dominant player in the information technology research arena.”

Tom Hogan, Sr., president and CEO of Information Today, Inc., said, “The wealth of content and the customer base that Faulkner has managed to attract and retain during difficult economic times are truly impressive. The management team rolled up their sleeves and dedicated themselves to the survival of the company. That kind of commitment is what sealed our interest in adding Faulkner Information Services to our existing products and services.”

As a side note, Tom Hogan admitted that his first job in the information industry was in 1968 with Auerbach Info, Inc., a major part of which later became Faulkner Information Services. “I wish I could say that this was the culmination of some life-long dream or strategy to acquire the company that gave me my start in the information industry,” said Hogan, “but this was purely a serendipitous and fortunate turn of events. I am nonetheless pleased and excited about the possibilities we have inherited.”

About Information Today, Inc.
Information Today, Inc. (ITI) is a leading publisher and conference organizer in the information and knowledge management industries. The company is widely known as the publisher of premier information and knowledge management titles such as Information Today, Computers in Libraries, ONLINE, MultiMedia & Internet@Schools, CRM, Searcher, KMWorld, and EContent. In addition to periodicals, ITI publishes many books and directories pertaining to the information and knowledge management industries. ITI is also the sponsor and organizer of many industry conferences, including WebSearch University, KMWorld & Intranets, Internet Librarian, Computers in Libraries, Enterprise Search Summit, Streaming Media, and Buying & Selling eContent.


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