Acquire Media Corporation Buys NewsEdge Division from Thomson Corporation

Jun 26, 2007

Acquire Media Corporation and co-investors have signed an agreement to buy news and current awareness aggregator NewsEdge from The Thomson Corporation. The operations of NewsEdge will be merged with those of Acquire Media (headquartered in Roseland, New Jersey). The combined entity will be run by the in-place Acquire Media team: Lawrence C. Rafsky, CEO; Bradley J. Scher, President and COO; and Robert E. Ungar, CTO. Current NewsEdge products and services will be retained and enhanced, as will its technical center in Massachusetts. Terms of the acquisition were not disclosed.