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Monday, 12th February 2007

Say Hello to ProQuest-CSA: Cambridge Information Group Completes Acqusition of ProQuest Information and Learning

It's Official: Cambridge Information Group Completes Acqusition of ProQuest Information and Learning

The deal that was first announced in December with Cambridge Info paying $222 million for ProQuest Info and Learnings is now complete.

From today's announcement:

Cambridge Information Group (CIG) reported today that it has closed its previously announced transaction with ProQuest Company and acquired ProQuest Information and Learning. CIG will combine its Bethesda-based CSA subsidiary with Ann Arbor, Mich.-based ProQuest Information and Learning to create a new, privately held independent company, ProQuest-CSA...Marty Kahn will join ProQuest-CSA as the new CEO. Kahn was the former chairman of business and financial information aggregator OneSource Information Services and before that he served as chairman of Ovid Technologies, Inc., an aggregator of medical and scientific databases and full-text journal articles. Serving as president of the new company is Matt Dunie, who previously served as president of CSA.

Btw, the news release also points out that CIG is also the largest shareholder of map and geographic data powerhouse, NAVTEQ.

Source: Business Wire


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