FOR IMMEDIATE RELEASE:
Gridley Advises DataStream Content Solutions in Acquisition by The Dolan Company
Gridley Sees a Strategic Need for Advanced Data Structuring and Management Capabilities in Today’s Data-Heavy World
NEW YORK (December 1, 2010) – Gridley & Company LLC (Gridley & Co.), a New York-based boutique investment bank that specializes in the Information Services industry, today announced that it has served as the exclusive financial advisor to DataStream Content Solutions, LLC, a leading provider of federal legislative and regulatory data and advanced content management systems to information businesses, publishers and governments, in its successful acquisition by The Dolan Company (NYSE: DM), a Minneapolis, Minnesota-based provider of services and business information to professionals in law, finance, and real estate.
With its proprietary data management technologies, DataStream targets government, legislative, and regulatory sectors. 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. DataStream will become part of The Dolan Company’s Business Information division.
“We are proud to have worked with DataStream and excited for their future prospects as part of The Dolan Company,” said Linda Gridley, President and CEO, Gridley & Co. “DataStream is a great example of a ‘next generation’ technology company that can process data efficiently and effectively, and is a great addition to The Dolan Company.
To view the Deal Announcement, please visit: the following link http://investor.dolanmedia.com/phoenix.zhtml?c=211849&p=irol-newsArticle&ID=1501873&highlight .