Business Growth and Content Expansion Top Knovel's Successes
Fiscal 2013 Highlights Include Double-Digit Business Growth,
Aggressive Content Expansion and High Renewal Rates
NEW YORK, NY -- (Marketwired) -- 04/30/13 -- Knovel, a leader in
providing a Web-based application that integrates technical
information with analytical and search tools, today announced that
the company achieved double-digit sales growth in the 2013 fiscal
year which closed on March 31, 2013. Knovel's annual subscription
renewal rate also continues to exceed 90 percent overall. Knovel's
focus on engineers and the expansion of its high quality content
offerings are key drivers of the company's success.
Knovel's customer roster of world-class engineering firms and
academic institutions expanded. One such customer, Arup, a
world-leader in the engineering design and construction sector, now
offers access to Knovel's Web-based technical references to its
10,000 employees from 90 offices in 35 countries.
The 2012 Knovel University Challenge reflected Knovel's increased
international user base. This student competition saw record global
participation with more than 50 percent of participants from outside
of North America.
New publishers and subject areas were primary drivers of Knovel's
robust content expansion. The company added 14 new publishers,
including six European publishers and three new subject areas.
Knovel's continued ability to lead the way in delivering the most
relevant and trusted content in the industry was once again
recognized by EContent, which listed Knovel as one of the EContent
100 for the seventh time.
Throughout the year Knovel also introduced a host of new interactive
content and tools. Three new databases were made exclusively
available via Knovel's Critical Content line: Yaws Critical Property
Data, Titanium Alloy Database and Crude Oil Assay Database. All
include highly interactive tables, graphs and data compiled from
authoritative sources. Knovel also launched a free engineering unit
converter that includes over 1,000 units and performs math functions.
In December 2012, Knovel was acquired by Elsevier, a world-leading
provider of scientific, technical and medical information products
and services. As part of Elsevier's Engineering and Technology
Markets, Knovel complements a suite of Elsevier products that aim to
improve R&D outcomes and the workflow of engineers. Furthermore,
Knovel now has more resources available to accelerate its
user-focused product development, providing comprehensive engineering
content to more organizations worldwide.
"This fiscal year was one of Knovel's best years, with a significant
increase in Knovel's content offerings and new customers worldwide,"
said Ella Balagula, Senior Vice President, Engineering and Technology
Markets at Elsevier. "Engineers need fast access to credible
information, and Knovel continues to be relied upon by engineering
professionals and students worldwide. As part of the Elsevier family,
Knovel will continue to provide engineers with the content and tools
they need to innovate and work efficiently."
Part of the Elsevier product portfolio, Knovel is a
Web-based application integrating technical information with
analytical and search tools to drive innovation and deliver answers
engineers can trust. Knovel users include thousands of engineers and
applied scientists worldwide. Knovel has more than 700 customers
worldwide including 74 of the Fortune 500 companies, five of the Top
10 Constituents on the FTSE 100 Index and more than 400 leading
universities. For more information, visit www.knovel.com or call
Elsevier is a world-leading provider of scientific,
technical and medical information products and services. The company
works in partnership with the global science and health communities
to publish more than 2,000 journals, including The Lancet and Cell,
and close to 20,000 book titles, including major reference works from
Mosby and Saunders. Elsevier's online solutions include
ScienceDirect, Scopus, Reaxys, ClinicalKey and Mosby's Suite, which
enhance the productivity of science and health professionals, and the
SciVal suite and MEDai's Pinpoint Review, which help research and
health care institutions deliver better outcomes more
A global business headquartered in Amsterdam, Elsevier employs 7,000
people worldwide. The company is part of Reed Elsevier Group PLC, a
world-leading provider of professional information solutions in the
Science, Medical, Legal and Risk and Business sectors, which is
jointly owned by Reed Elsevier PLC and Reed Elsevier NV. The ticker
symbols are REN (Euronext Amsterdam), REL (London Stock Exchange),
RUK and ENL (New York Stock Exchange).
+1 (617) 803 8344
Todd Van Hoosear
Fresh Ground, Inc.
+1 (617) 326 3211
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