SAN FRANCISCO, July 29, 2013 (GLOBE NEWSWIRE) -- Meltwater, the leading provider of online intelligence solutions, and The Associated Press today announced they have entered into an agreement to develop new and innovative products based on AP's world class content and Meltwater's deep technical expertise in online media analytics. The companies will seek to create new revenue opportunities for both parties through the sale of new products through Meltwater's extensive global sales network.
"Combining APs' unparalleled breadth and depth of premium text and video content with Meltwater's deep technical expertise in analytics and proven capacity for innovation enables us to work collaboratively to develop new products and new revenue opportunities for both parties," comments Jorn Lyseggen, Meltwater CEO and Founder. "There is more to be gained by working together to develop new markets and reaching new customers than can be achieved through adversarial paths and we are eager to forge a strong relationship with AP. Content providers and technology innovators need to come together. Only through a commitment to cooperation and innovation can we increase the pie for all parties."
"We are pleased with this outcome," said Gary Pruitt, AP President and CEO. "The litigation is behind us, and we are looking forward to partnering with Meltwater in a positive and constructive relationship going forward. With Meltwater's expertise and innovative approach to develop new products for new markets and the depth and speed of AP's global content, we can provide customers both new and existing products focused on their needs."
With this agreement, the parties have resolved all pending disputes resulting from the AP lawsuit filed against Meltwater in February 2012, claiming copyright infringement, including all appeals.
The Associated Press is the essential global news network, delivering fast, unbiased news from every corner of the world to all media platforms and formats. Founded in 1846, AP today is the most trusted source of independent news and information. On any given day, more than half the world's population sees news from AP. On the Web: www.ap.org.
Meltwater helps businesses drive growth and build brands. Meltwater's online intelligence platform analyzes billions of digital documents daily to extract precise, timely business insights that help more than 20,000 companies understand their markets, engage their customers, and master the new social business environment. With offices in 27 countries, Meltwater is dedicated to personal, global service built on local expertise. http://www.meltwater.com
CONTACT: Meltwater Marc Cowlin firstname.lastname@example.org 415-544-7682 AP Erin Madigan White Media Relations Manager The Associated Press 212-621-7005 email@example.comSource:Meltwater Internal PR Department