Sunday, 13th April 2008
We recently wrote about EBSCO improving its content by supplying details of publishers’ licence agreements to their system. If you missed the item you can find it at this link: http://web.vivavip.com/forum/LiveWire/read.php?i=5038. Now its Publishing Services’ Division http://www.ebscoind.com/industries/groups-ps.asp has acquired Hallmark Data Systems http://www.halldata.com/# from Tinicum Capital Partners http://www.tinicum.com/. Hallmark is a circulation fulfillment provider for a number of periodicals and Tinicum a private equity company based in New York. Hallmark has been owned by Tinicum since 2003, when it was sold by SourceLink http://www.sourcelink.com/. Hallmark already has relationships with B2B media companies, such as Nielsen Business Media http://www.nielsenbusinessmedia.com/, Penton Media http://www.penton.com/ and United Business Media http://www.unitedbusinessmedia.com/. In his statement Ray Miller, Hallmark’s chairman, said that the deal will provide opportunities to work with EBSCO Telemarketing Services http://www.ebscoind.com/industries/groups-gs-ets.asp and EBSCO MetaPress http://www.ebscoind.com/industries/groups-gs-mp.asp, which creates digital editions of publications. “I feel grateful for what Tinicum did, which was to be a great owner and find us a really good fit,” says Miller, who describes the purchase as a change of ownership. http://digbig.com/4wryw. Hallmark was represented by Jordan Edmiston Group http://www.jegi.com/ in the deal, whose financial terms were not disclosed. http://digbig.com/4wryx
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