Thomson acquires ScholarOne
Addition of Web-based Workflow Solutions Enable Scientific Business to Create New Integrated Offerings for Research and Publishing Communities
Stamford, CONN, USA, 08/31/2006 - The Thomson Corporation (NYSE: TOC; TSX: TOC) today announced that its Scientific & Healthcare group has acquired privately-held ScholarOne, a workflow management system for scholarly publishers. ScholarOne provides subscription-based software for authoring, evaluating and publishing research to more than two million users. ScholarOne software enables publishers of scholarly research to produce journals, meeting abstracts and conference proceedings faster and easier. Its management team and employees will become part of Thomson Scientific. Financial terms were not disclosed.
“Thomson is focused on providing information and tools that span the research process – from scientific discovery to authoring and collaboration" said Vin Caraher, president and CEO of Thomson Scientific. “ScholarOne has built an impressive portfolio of publishing products which complement our own world-class research platform for scientific and scholarly communities.”
“Thomson infrastructure and its entire product line – including the Web of Knowledge platform – will accelerate ScholarOne’s mission to provide comprehensive management systems for scholarly journals, books, and conferences,” said ScholarOne President & CEO, William T. Carden, Jr. “We are excited about the outstanding content, analytical tools and innovative product solutions that this transaction will bring to customers of both companies.”
Clients of ScholarOne include prestigious, not-for-profit societies, university presses, government agencies and the world’s leading commercial publishers. The company is headquartered in Charlottesville, Virginia.
About The Thomson Corporation
The Thomson Corporation (www.thomson.com), with 2005 revenues of approximately $8.40 billion, is a global leader in providing integrated information solutions to business and professional customers. Thomson provides value-added information, software tools and applications to more than 20 million users in the fields of scientific research and healthcare, law, tax, accounting, financial services, higher education, reference information, corporate e-learning and assessment. With operational headquarters in Stamford, Conn., Thomson has approximately 40,500 employees and provides services in approximately 130 countries. The Corporation’s common shares are listed on the New York and Toronto stock exchanges (NYSE: TOC; TSX: TOC). Its scientific information solutions (www.scientific.thomson.com) assist professionals at every stage of research and development—from discovery to analysis to product development and distribution.
ScholarOne, Inc. (www.scholarone.com) provides comprehensive workflow management systems for scholarly journals, books, and conferences and serves more than 2.6 million registered Manuscript Central users worldwide. Its Web-based applications enable publishers and meeting managers to manage the submission, peer review, production, and publication processes more efficiently. The clients of ScholarOne include prestigious, not-for-profit societies, university presses, government agencies, and the world’s leading commercial publishers. ScholarOne headquarters are in Charlottesville, Virginia.
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- Director, Public Relations and Communications
- Thomson Scientific
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