AOL LLC has announced its acquisition of news and information search technology company, The Relegence Corporation of New York, NY. AOL's acquisition agreement with privately-held Relegence was signed and closed on Monday, November 6th, 2006. 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 wholly-owned subsidiary of AOL, and will continue to partner with and serve financial services firms.
Founded in 1999, Relegence sells subscription-based services that offer real-time discovery, notification and delivery of information, connecting customers to cross-media content as it is generated from anywhere across the globe. Using proprietary technology, Relegence simultaneously monitors, indexes, and filters more than 20,000 unique, global sources of live content streams--such as local and international newswires, print media, television and cable networks, regulatory feeds, corporate and information websites, internet bulletin boards--and deliver to a user's desktop only the information that is relevant to his or her individual search criteria. Additionally, Relegence can integrate internal content streams and programming with external content. AOL plans to leverage these capabilities for its ongoing efforts to develop and deploy its publishing and content management platform.