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May 6, 2003--New York, N.Y.--Olive Software, Inc. and The Deal LLC, a media company providing must-read financial news to corporate executives, their advisers and investors, announced today that they have formed an agreement to distribute The Daily Deal Digital, the electronic edition of The Deal's daily financial newspaper, using Olive Software's ActivePaper Daily product.
ActivePaper Daily offers an exact replica of the newspaper that can be read online through any browser without plug-ins or heavy file downloads. Olive's ActivePaper Daily product enables readers to view and interact with the newspaper they know and trust in a familiar format. The online reading experience is intuitive, just like readers use the print edition, while providing features only possible in an electronic edition. The electronic editions provide readers with multiple options, including full-text search and article-level reading, e-mail and print capabilities.
"Our readers, busy financial executives and advisers, told us that they wanted an easy-to-use digital version of The Daily Deal," said Kevin Worth, president and CEO of The Deal LLC, "The service provided by Olive's ActivePaper Daily supports our continuing efforts to deliver timely and comprehensive deal news to readers in a variety of formats."
"Olive Software is happy to provide an electronic publishing edition that meets the needs of the business professional as well as the publisher," said Shaun Dail, Executive Vice President for Olive Software, Inc. "We believe ActivePaper Daily serves The Daily Deal Digital readers' demand for convenient, instant access to news and information."
ActivePaper Daily is one of four electronic publishing solutions offered through Olive's electronic publishing platform suite. All four solutions are derived from one workflow, creating economies and generating new revenue. The Olive platform is XML-based, enabling exceptional flexibility, control, and management of content. Readers may access the newspaper just as it appeared in print with their web browser. The platform tools do not interfere with or change publishers' existing workflow, enabling easy implementation and a quick return on investment. In addition to electronic distribution, Olive Software solutions include AdLauncher(tm), a display ad conversion and delivery tool, ActivePaper Archive(r), a commerce-ready digital archive and ActiveTearsheet(tm), a robust, interactive electronic tearsheet application.
The Deal joins a rapidly growing list of Publishers online with Olive's software and microfilm digitization products. Olive provides software and services to more than 120 newspaper and magazine titles worldwide. Olive also has a number of customers in the library market.
About The Deal
The Deal is a diversified media company dedicated to providing must-read financial news, commentary, data and services to corporate and financial dealmakers, their advisers and investors worldwide. Through The Deal, The Daily Deal, TheDeal.com and Corporate Control Alert, the company gathers, reports and disseminates information that offers a detailed look at transactions, industry sectors and financial services, along with the personalities and players who are the central figures driving change in the global economy. Investors in The Deal, a privately held company, include majority owner U.S. Equity Partners, a private investment fund sponsored by Wasserstein & Co. LP, and Rustic Canyon Ventures, one of the largest venture capital funds in Southern California.
