Convera and the Bureau of National Affairs
August 22, 2009
A happy quack to the reader who sent me a Tweet that pointed to the International HR Decision Support Network: The Global Solution for HR Professionals. You can locate the Web site at ihrsearch.bna.com. The Web site identifies the search system for the site as Convera’s. Convera has morphed or be absorbed into another company. This “absorption” struck me as somewhat ironic because the Convera Web site carries a 2008 white paper by a consulting outfit called Outsell. You can read that Convera was named by Outsell as a rising star for 2008. Wow! I ran query for executive compensation in “the Americas” and these results appeared:
The most recent result was dated August 14, 2009. Today is August 21, 2009. It appears to me that the Convera Web indexing service continues to operate. I was curious about the traffic to this site. I pulled this Alexa report which suggests that the daily “reach” of the site is almost zero percent.
Compete.com had no profile for the site.
I think that the human resources field is one of considerable interest. My recollection is that BNA has had an online HR service for many years. I could not locate much information about the Human Resource Information Network that originally was based in Indianapolis.
Convera appears to be providing search results to BNA, and BNA has an appetite for an online HR information service. The combination, however, seems to be a weak magnet for traffic. Vertical search may have some opportunities. Will Convera and BNA be able to capitalize on them?
But with such modest traffic I wonder why the service is still online. Anyone have any insights?
Stephen Arnold, August 21, 2009
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Perhaps shooting star would have been a better metaphor. As in crater. As in meteor. I wonder why people say “meteoric rise” when meteors fall.)
See here: http://biz.yahoo.com/e/090604/cnvr8-k.html
On May 29, 2009, Convera’s board of directors adopted a Plan of Dissolution and Liquidation (the “Plan”), which sets forth the terms of the dissolution of Convera. During a three-year winding-up period, to be triggered by the filing of a certificate of dissolution, Convera will pay, or make provision to pay, all debts and other claims against it, wind up any litigation, liquidate its assets and, as funds become available that will not be required to pay any valid claims, make distributions to stockholders. Once the Plan is approved by Convera’s stockholders, it will become effective and Convera can take the following actions at such times as the Convera boards determines: (i) filing a certificate of dissolution with the Delaware Secretary of State; (ii) ceasing conducting normal business operations, except as may be required to sell its remaining assets and wind up its business affairs; (iii) taking all actions required or permitted under the dissolution procedures of DGCL Section 281(b);