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Gores Technology Group Acquires Information Dimensions from OCLC

Press Release: OCLC [July 22, 1997]

Copyright (c) 1997 OCLC

Abstract: Gores Technology Group, an international high-technology business management specialist, has purchased Information Dimensions Inc., a for-profit subsidiary of OCLC Online Computer Library Center. OCLC will remain a strategic business partner of Information Dimensions and continue to have preferred access to the company’s complementary technology.


DUBLIN, Ohio, July 22, 1997--Gores Technology Group, an international high-technology business management specialist, has purchased Information Dimensions Inc., a for-profit subsidiary of OCLC Online Computer Library Center. OCLC will remain a strategic business partner of Information Dimensions and continue to have preferred access to the company's complementary technology.

Information Dimensions' flagship product, BASIS, has an installed base of 2,600 customers, and more than 300 of them have deployed BASIS on intranets. Information Dimensions' prestigious customer base spans virtually every industry that requires the rigorous management of documents for business-critical purposes. More than 1.1 million people use BASIS.

Gores Technology Group [www.gores.com], based in Los Angeles, is a worldwide high-technology business management company composed of a growing association of independently operated software companies. With this acquisition, Gores Technology Group's affiliate companies have consolidated revenues of over $145 million.

"Information Dimensions is a perfect fit for us," said Alec Gores, chairman of Gores Technology Group. "Their industry-leading products, impeccable reputation, dedicated employees and internationally recognized customer base are what we consider their most valuable assets and the essential components of ongoing success. By focusing on these strengths, we expect IDI to capitalize on the explosive growth and opportunity within the document management and Internet/intranet library solutions markets. We are pleased to have Information Dimensions join our successful family of software companies."

Gores' affiliate companies include Artemis Management Systems, which specializes in high-end project management software and services; Applicon Inc., which specializes in integrated CAD, CAM and Product Data Management software; and Computer Design Inc., which specializes in design and merchandising software for the apparel and textile industry.

"This sale is a classic win-win-win situation for all parties involved," said K. Wayne Smith, president and CEO, OCLC. "It will benefit Information Dimensions' customers and employees as well as the OCLC membership. OCLC will continue to have preferred access to this exciting and complementary technology and will work with Information Dimensions on a number of special projects in library automation and ISO quality compliance."

Information Dimensions will retain its current management team with Bill Forquer, IDI's president, reporting directly to Gores' executive management team.

"Gores Technology Group will help us renew our commitment to delivering high-value software solutions through a tighter market and product focus," Mr. Forquer said. "With this change, our valuable customers and business partners can expect to enjoy the stability and the strategic direction necessary for their ongoing success."

Information Dimensions [www.idi.oclc.org] was founded in 1986 and is headquartered in Dublin, Ohio. OCLC acquired IDI from Battelle Memorial Institute in April 1993.

OCLC is a nonprofit, membership, computer library service and research organization whose computer network and services link more than 25,000 libraries in 63 countries and territories. More information is available at www.oclc.org.

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Publication Year:1997
Type of Material:Press Release
Language English
Issue:July 22, 1997
Publisher:OCLC
Place of Publication:Dublin, OH
Company: OCLC
Subject: Mergers and acquisitions
Record Number:11650
Last Update:2012-12-29 14:06:47
Date Created:0000-00-00 00:00:00