PARIS, December 18 /PRNewswire/ --
- A Strong Value-Added Integration Reinforcing the Software Offering forEuropean Press and Media Organizations
Highlights
- Nstein acquires European-based Eurocortex and becomes leading providerof semantic-driven asset and web content management solutions for thepublishing, media and entertainment industries
- Eurocortex's portfolio of 30+ major European publishers-includingAgence France Presse, the Hachette group and Le Monde group-and Nstein'sclient roster-featuring Getty Images, ProQuest, VNU eMedia andTranscontinental Media-combine to create an unbeatable publishing industryportfolio
- Eurocortex's President, Bruno Génuit, to helm Nstein's Europeanoperations as General Manager and Eurocortex founder, Jean-Michel Texier, tolead Nstein's NCM Product Management as VP Product Evolution
- Transaction valued at $1.4 million CAD - a combination of $0.5 millionCAD in cash and issuance of 1,013,152 common shares of Nstein at a price of$0.85 CAD per share to Eurocortex shareholders
Nstein Technologies Inc. (TSX-V: EIN) today announced that it hasacquired Eurocortex, a leader in content management solutions for thepublishing, media and entertainment industries. Eurocortex's comprehensiveplatform for asset and web content management enables publishers to bettermanage their digital assets and streamline their web publishing processes.Nstein's award-wining text mining software and Eurocortex's CMS platform nowconstitute a fully integrated solution for the publishing and mediaindustries called Ntelligent Content Management (NCM) Suite. The solution isalready being deployed by leading Canadian publisher Transcontinental Mediain the re-engineering of its numerous information portals.
Mario Girard, Chairman and Chief Executive Officer of NsteinTechnologies, declared: "Eurocortex is the perfect complement to Nstein'ssolutions. Together, both technologies fully answer publishers' critical needto migrate their content to web platforms and increase their onlineadvertising revenue streams. Thanks to our new cutting-edge solution and bothcompanies' outstanding track records in the publishing industry, Nstein ispoised to gain significant market share and consolidate its leadership in thedigital asset management and web content management sector."
Bruno Génuit, President and General Manager of Eurocortex, added: "Thisagreement propels our technology into an exciting new chapter and bringstremendous benefits to our actual customer base. In addition to being able tocontinue to take advantage of Eurocortex's core expertise in contentmanagement, our clients can now enjoy access to Nstein's advanced text miningand semantic search technologies. As a member of the Nstein group, we are uniquely positioned to help global and regional publishing organizationsshift from a paper-centric business model to a dynamic digital strategy."
As part of its integration scheme, Nstein will be welcoming Jean-MichelTexier, founder of Eurocortex, to its team as VP Product Evolution. Texierbrings to the table his extensive knowledge of the content management marketand the media and publishing industries.
Under the terms of this arm's-length transaction, Nstein has acquired allof the outstanding common shares of Eurocortex in exchange for $0.5 million CAD in cash and 1,013,152 newly issued shares at a price of $0.85 CAD per unit, for a total value of $1.4 million CAD. A portion of the shares issued is subject to a 24-month voluntary escrow agreement.
About Ntelligent Content Management Suite (NCM)
NCM Suite enables the management, enrichment, publication andmonetization of digital content using a series of powerful semantic analysistools. In addition to significantly reducing operational costs, NCM enablespublishers to increase their online revenue streams by ensuring maximum crossmedia use of their digital assets. The NCM Suite leverages cutting-edge Web2.0 publishing channels such as RSS newsfeeds as well as community-buildingtools such as blogs, forums, surveys and commenting features to ensurewebsite stickiness and strong brand management strategies.
About Eurocortex
Eurocortex (www.eurocortex.fr) is based in Toulouse, France, and specializes in designing software for content management and automated website generation. The company strives to manage websites in an autonomous,sustainable and economical way. Eurocortex's flagship product, IntelligentContent Manager (ICM), is a powerful suite made up of independent modulesthat, combined together, optimize the document production line as well asdocument publishing processes. Eurocortex enjoys a large customer base inFrance and has a very strong presence within the publishing industry.Eurocortex's most recent customers include Le Monde group, Hachette, BayardPresse, the French press agency AFP, Radio France, Le Point, the Moniteurgroup and Afnor.
About Nstein Technologies
Nstein Technologies (TSX-V:EIN) develops and markets leading-edgesoftware solutions for analyzing vast amounts of unstructured data invirtually any language. Nstein's text mining and information access solutionstransform reactive decision-making into a high-impact proactive and evenpredictive process. The Company is headquartered in Montreal, Canada, withoffices in the United States and Europe. More information is available atwww.nstein.com.
- The TSX Venture Exchange does not accept responsibility for theadequacy or accuracy of this release.
- Any statement that appears prospective shall not be interpreted assuch.
Nstein Technologies Inc.
For more information: Nstein Technologies Inc.: Investor Relations, Bruno Martel, Chief Financial Officer, Nstein Technologies Inc., Tel: +1-(514)-908-5406, bruno.martel@nstein.com. Media, Michel Lemay, VP Marketing, Nstein Technologies Inc., Tel: +1-(514)-908-5406, michel.lemay@nstein.com
