Wolters Kluwer, an international publishing company active in 26 countries, will acquire Ovid Technologies Inc., an online reference service specializing in STM (science, technology, and medicine) for approximately $200 million in cash. The price confirms our impression that online reference services are profitable and are therefore becoming attractive to the giants of the publishing industry.
[Contact: Ovid Technologies, Inc. 333 Seventh Avenue, New York, NY 10001; (212) 564-3006; fax: (212) 563-3784; www.ovid.com.]
