Ingenta in top 5 for R&D investment in UK

Ingenta’s R&D spend tops £2.56m

Ingenta plc, the global market leader in creating and delivering Internet versions of professional and academic research publications,  has been ranked fourth in its industry sector in terms of spending on research and development, investing a total of £2.56 Million, according to official statistics for 2003.

The 2003 UK R&D Scoreboard, produced by the UK Government’s Department of Trade and Industry Business Finance & Investment Unit, ranks and provides information on R&D investment levels for the top 700 UK companies and top 700 international companies. Ingenta’s level of spending ranked it fourth in the UK in the relevant industry sector, up from 10th in the 2002 survey.

Commenting on the results, Geoffrey Bilder, Chief Technical Officer at Ingenta says: “This year we have continued to be at the forefront of technical development on behalf of our 260 publisher customers. We have invested in projects including the creation of a MathML rendering engine and a new information commerce engine, the development of an automatic PDF reference extraction and resolution system and the enhancement of search algorithms and interfaces.”

Simon Dessain, Ingenta’s Chief Operating Officer adds: “As the largest supplier of online publishing services to the scholarly publishing sector we believe that it is crucial to continue to invest in technology and customer service initiatives year on year. We look forward to further improving our record for innovation and service delivery in 2004.”

ENDS 
         

For more information, please contact:

Amanda Procter
Ingenta plc
Tel: +44 (0) 1865 799022
Mobile: 07931 937458
Email: amanda.procter@ingenta.com

About Ingenta:
www.ingenta.com
Ingenta is the global market leader in the management and distribution of published scientific, professional and academic research via the Internet, and develops and maintains specialist websites for publishers, self-publishing societies and libraries.

For publishers of scientific, professional and academic periodicals, journals and reference works, Ingenta provides a suite of publisher services including data conversion, secure online hosting, access control and distribution services.  For libraries and information professionals, Ingenta offers collection management and comprehensive document delivery options.  Ingenta’s collection of research content – 13 million articles from more than 6,000 online publications and 27,000 fax and Ariel delivered publications – is accessed by millions of researchers and librarians a month via ingenta.com and other websites.

In October 2000, 2001 and 2002, InfoWorld named Ingenta one of the world’s top 100 e-business companies.  In December 2002 Econtent magazine featured Ingenta in its 100 list of companies that matter most in the digital content industry.  Ingenta is listed on the AIM market of the London Stock Exchange.

About The 2003 R&D Scoreboard
www.innovation.gov.uk
The 2003 Scoreboard is the thirteenth consecutive annual publication in the series, and contains the top 700 UK companies and top 700 international companies investing in R&D. The Scoreboard contains a wealth of data on R&D and Capex investment, sales, profits, key ratios and growth rates for companies by sector and country.

New data for 2003 includes 100 more international and UK companies together with new information on cost of funds. US patents and materials cap to sales ratios. The data on stockturn and market breadth introduced last year is continued for 2003.