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Austin, Texas-Based Online Business Information Database to Buy Maryland Firm.
Byline: Heather Cocks
Jul. 13--Almost one year after celebrating its initial public offering, Hoover's Inc. is making its first purchase.
Hoover's, the online database of business information, said Wednesday it will buy Maryland-based Powerize.com Inc. for a stock-and-cash deal worth about $15.6 million.
Folding Powerize.com, another business-related site, into Hoover's gives the Austin company more ways to morph from a database of public-company information into an all-purpose business resource.
"We wanted to focus on promises we made to shareholders that we were going to build a business portal of substance," said Carl Shepherd, chief …
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Magazine article from: Baltimore Business Journal
Hughlett, Roger Skokna, Christopher
July 30, 1999
700+ words
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Magazine article from: Washington Business Journal
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Newspaper article from: Business Information Alert
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Magazine article from: Baltimore Business Journal
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