OneSource Information Services, Inc. has
announced the resignation of Dan Schimmel, OneSource's CEO of twelve years. The CEO position will be filled temporarily by Martiin Kahn, OneSource's board chairman and Venture Partner at Rho Ventures, a major OneSource investor. A special committee was established in October by OneSource to evaluate options for the company's ownership model in response to leading stock holder ValuAct's desire to take the company private. Having failed to find a buyer through this committee process and having leading stock holder ValuAct souring on taking OneSource private, OneSource will now take a look at its options for re-energizing content aggregation and distribution strategies, most likely as an independent public entity. While revenues continue to look solid for OneSource, their financials released today for their Q42003 indicate flat performance and annalized contract values down 6 percent from the same 2002 period. OneSource has a lot of good options for themseves to return to solid growth, which we'll explore later in our
Business Content Suppliers and Aggregators premium weblog, but the nutshell view is that OneSource must extend its business model to acquire new client bases more aggressively in those portions of the economy that will be growing most quickly in the months ahead. This will require breaking "out of the box" of enterprise licensing models and extending their value-add equation with new tools and methods, some of which are already coming to fruition. OneSource is an excellent source of quality content: getting it to be
vContent will be the key to improved margins.