Two birds of a feather flock together: Hoover's deepens ties in Europe
By Tim Green, LocalBusiness.com
Jan 29, 2001 08:48 AM ET
AUSTIN, Texas, Jan. 29 (LocalBusiness.com) -- Hoover's Inc. strengthened its online presence in Europe in a deal with GlobalNetFinancial.com Inc.
Stock Quote
GLOBALNET FINL
GLBN 2.94 + 0.16 +5.62%
HOOVER'S INC
HOOV 3.56 0.06 -1.72%
Results delayed 20+ minutes.
The companies will put their content on Websites operated by each other, according to the agreement announced today. Financial terms were not disclosed.
Hoover's company capsules -- information snapshots on businesses -- and its capsules on initial public offerings will be available to readers of GlobalNet Websites.
GlobalNet's news on businesses and stocks from its Websites will be available to readers of Hoover's. GlobalNet's properties include America iNvest, UK-Wire, UK Today, the EO.net trading platform and the MatchbookFX foreign exchange trading platform.
"Partnering with GlobalNet will help us to quickly reach a critical mass of business users in Europe, just as Hoover's online already does in the U.S.," Gehan Talwattte, managing director for Hoover's Online Europe, said in a statement.
The agreement comes a week after Austin-based Hoover's (Nasdaq: HOOV) began operating Websites in French, German, Italian and Spanish.
GlobalNet (Nasdaq: GLBN), which has offices in London and the United States, provides online business and financial information and transaction services. It also provides information to Internet service providers in Europe.
Hoover's shares open today at $3.63, unchanged on Friday. For the past year, shares ranged from $13.69 on March 14, 2000, to 56 cents on Dec. 22, 2000. The company is to report financial results today after the markets close.
GlobalNet shares open today at $2.78, down 19 cents on Friday. The 52-week high was $57.50 on March 9, 2000, and the low was $1.28 on Dec. 14, 2000.
localbusiness.com |
