Gores Technology Group Acquires Information Dimensions from OCLC
July 21, 1997
New Owner Brings Software Market Resources and Expertise to IDI, Positions Document Management Company to Penetrate High-End Intranet Market
DUBLIN, OHIO, July 21, 1997-International business application software specialist Gores Technology Group (GTG) today announced it has acquired document management company Information Dimensions, Inc. (IDI), a for-profit subsidiary of the OCLC Online Computer Library Center, Inc.
The relationship will let IDI tap Gores' entrepreneurial and management expertise to further penetrate the burgeoning market for securely managing very large document collections on corporate Intranets. Information Dimensions' flagship product, BASIS, has an installed base of 2,600 customers, and more than 300 of them have deployed BASIS on Intranets. Information Dimensions' prestigious customer base spans virtually every industry that requires the rigorous management of documents for business-critical purposes. More than 1.1 million people use BASIS. Gores Technology Group (http://www.gores.com), based in Los Angeles, is a worldwide high-technology company comprised of a growing association of independently operated software companies. With this acquisition, Gores' affiliate companies represent revenues of over $145 million. "Information Dimensions is a perfect fit for us," said Alec Gores, chairman of Gores Technology Group. "Their industry-leading products, impeccable reputation, dedicated employees and internationally recognized customer base are what we consider their most valuable assets, and the essential components of ongoing success. By focusing on these strengths, we expect IDI to capitalize on the explosive growth and opportunity within the document management and Internet/intranet library solutions markets. We are pleased to have Information Dimensions join our successful family of software companies." Gores' affiliate companies include Artemis Management Systems, which specializes in high-end project management software and services; Applicon, Inc., which specializes in integrated CAD, CAM, and Product Data Management (PDM) software; and Computer Design, Inc., which specializes in design and merchandising software for the apparel and textile industry. "This sale is a classic win-win situation for all parties involved," said Dr. K. Wayne Smith, president and CEO, OCLC. "It will benefit Information Dimensions' customers and employees as well as the OCLC membership. OCLC will continue to have preferred access to this exciting and complementary technology and will work with Information Dimensions on a number of special projects in library automation and ISO quality compliance." Information Dimensions will retain its current management team with Bill Forquer, IDI's president reporting directly to Gores' executive management team. "Gores Technology Group will help us renew our commitment to delivering high-value software solutions through a tighter market and product focus," Forquer said. "With this change, our valuable customers and business partners can expect to enjoy the stability and the strategic direction necessary for their ongoing success." OCLC (http://www.oclc.org) is a nonprofit, membership, computer library service and research organization whose computer network and services link more than 25,000 libraries in 63 countries and territories. About Information Dimensions Information Dimensions (http://www.idi.oclc.org) was founded in 1986, and is headquartered in Dublin, Ohio, serving its growing customer base with a worldwide network of direct sales, distributors and business partners. The company realizes - Information Management for the Borderless EnterpriseTM - by delivering secure document management and library solutions via the Internet, intranets, and extranets for organizations with large, complex document collections. Information Dimensions, Inc., is an affiliate company of Gores Technology Group, of Los Angeles, Calif.