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AOL Acquires Search Technology Firm Relegence

Authored by Mark Hefflinger on November 8, 2006 - 1:06pm.
Dulles, Va. - AOL said on Wednesday that it has acquired Relegence, a New York-based developer of financial news and information search technology. Financial terms of the deal were not disclosed. Relegence and its 60 employees will continue to be headquartered in New York, with offices in London and Tel Aviv.

It will operate as a subsidiary of AOL. Founded in 1999, Relegence sells subscription-based services that simultaneously monitor, index and filter more than 20,000 live content streams, then deliver the information to users.

The streams include local and international newswires, print media, television and cable networks, regulatory feeds, corporate and information web sites and Internet bulletin boards.

AOL said that it will use the technology in its efforts to develop its publishing and content management platform. Relegence is AOL's fifth acquisition this year.

Related Links:
http://www.relegence.com/November8.htm
tags: Deals | Internet | Tech | Investing | AOL | Search | Acquisitions | Portals | News | Relegence |



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