DUBLIN, Ohio, June 1, 1994--OCLC announces that its subsidiary, Information Dimensions Inc. (IDI), has sold its ZyLab division to ZyCo Incorporated, a newly formed corporation controlled by C-CUBED Corporation of Alexandria, Va.
ZyLab develops and markets ZyIndex, a document retrieval system for personal computers, and markets ZyImage, a Windows-based document imaging and retrieval system. In a related transaction, ZyCo acquired ZyImage software from PT Partners, a Maryland partnership.
According to S. Wesley Teague, director of ZyCo, ZyCo plans to continue ZyLab's development operations in the Chicago area and move the sales office and training facilities to Maryland.
Jim Hackbarth, IDI president and chief operating officer, said the sale of ZyLab allows IDI to focus resources on its core products--the BASIS suite of document database management systems designed for the client/server environment. Mr. Hackbarth said IDI will continue to market ZyLab products and retains a license to continue to use ZyLab products that are embedded in IDI products.
Information Dimensions Inc. is an international software company specializing in information management technology. According to independent studies conducted by Delphi Consulting Group, Gartner Group and International Data Corporation, Information Dimensions' BASISplus is the leading relational database management system for documents.
OCLC is a nonprofit computer library service and research organization whose computer network and services link more than 18,000 libraries in 52 countries and territories.
FOR MORE INFORMATION CALL: Jaron Terry, IDI, (614) 761-7273 or Jackie Karlin, ZyCo, (301) 590-0900