DataStream Content Solutions Acquired by Dolan Company
DataStream Content Solutions LLC, a graduate of the Mtech Technology Advancement Program (TAP) incubator and a leading provider of federal legislative and regulatory data and advanced content management systems to information businesses, publishers and governments, was acquired by the Dolan Company, company officials jointly announced on December 1.
Terms of the deal were not disclosed.
DataStream's proprietary processes and technology transform highly complex and unstructured data into valuable products and services for its business and government clients. It specializes in applying XML markup language to convert complex and unstructured data into "smarter" forms, allowing flexible queries and dynamic database updates.
"We are very pleased to be joining The Dolan Company," said DataStream founder and president Mark Anstey. "It's an exciting fit between our technological approach to government information and Dolan's ability to market high-value business information and intelligence."
DataStream's proprietary business lines include Legislative Impact® and Regulatory Impact®, data management technologies which simplify searches of vast federal databases and are licensed to business clients and to the U.S. House of Representatives Office of Legislative Counsel. The company also offers other data management, conversion and analytic tools and services. Its subsidiary Potomac Publishing was included in the transaction.
DataStream will remain in its College Park, Md. office but will become part of The Dolan Company's Business Information Division. Anstey and chief information architect Ed Schulke will continue to run the company. Both will report to The Dolan Company's Business Information Division Executive Vice President Mark Stodder.
The Dolan Company's Business Information Division publishes business journals, court and commercial media and other highly-focused information products and services, operates web sites and produces events for targeted legal and professional audiences in 21 geographic markets across the United States.
December 1, 2010