SOURCE: Knovel

February 22, 2010 09:30 ET

Knovel Deemed a Must-Have Resource for Engineers

Strong Business Growth and High Renewal Rates in 2009 Demonstrate Need for Trusted Online Technical Information

NEW YORK, NY--(Marketwire - February 22, 2010) -  Knovel, a Web-based application integrating technical information with analytical and search tools, today announced strong corporate growth, boasting more than 90 percent subscription renewal rate, driven by strategic product enhancements and content additions throughout 2009.

Now more than ever, engineers face increasing pressure to meet aggressive timelines while managing more projects. As a result, engineers must refresh their existing knowledge base and ramp-up quickly on subjects outside of their expertise such as sustainability or nanotechnology. Knovel's proven search capabilities, reliable technical information and interactive tools are indispensible. Engineers don't waste time weeding through invalid search results or verifying sources. 

Innovation is non-stop at Knovel, and because it is Web-based, Knovel can frequently roll out new content and features to enhance the user experience. Throughout 2009, Knovel significantly improved its graphical user interface (GUI) and navigation, enhanced data search, introduced Knovel Math, fully documented and validated Mathcad™ worksheets for engineering calculations, and launched My Knovel, a personalized space where users can save and organize frequently used content, titles, and searches. In January 2010, Knovel was identified by its peers as the Best Online Science or Technology Service at SIIA's 2010 CODiE Awards.

"2009 was a challenging economic environment, yet our annual subscription renewals remain high, so we know that our customers view Knovel as a must-have resource for their engineers," said Chris Forbes, CEO and president, Knovel. "We're delighted and proud that our sustained focus on the user over the past ten years has positioned us for continued success in the new decade."

2009 Highlights Include:

  • Unmatched commitment to content: Knovel formed an Editorial Advisory Board comprised of industry leaders to help steer the development and prioritization of Knovel's ongoing additions of content and editorial features, based on market trends. Knovel launched several new subject areas in 2009: Industrial Engineering and Operations Management, Nanotechnology and Sustainable Energy and Development subject areas.
  • Expansion of publisher base: Knovel welcomed 21 new publishing partners, including SAE International, ASHRAE and Cambridge University Press, to a group of more than 70.
  • Existing customer satisfaction: More than 600 major corporations and academic institutions turn to Knovel to search the company's validated content. In December, Southern Company, a major U.S. utility serving the Southeast, selected Knovel and Knovel Math for fast access to validated engineering content and interactive tools that increase productivity.

About Knovel
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. Customers include 70 of the Fortune 500 companies and more than 300 leading universities. Founded in 2000, Knovel is a private company headquartered in New York City. For more information, visit www.knovel.com or call (866) 303-3336. 

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