Crain Communications Inc., Detroit, has acquired online news organization GenomeWeb, Crain spokeswoman Ariel Black said.
Terms of the deal, which closed Sept. 1, are not being disclosed. GenomeWeb, which was previously owned by a group of private investors led by its founder Dennis Waters, covers the scientific and economic impacts of high-throughput genome sequencing. The online publication focuses on news and analysis on advanced molecular research tools.
Launched in 1997, GenomeWeb is based in New York and has a staff of 30 employees.
"We are excited to add GenomeWeb to our family of brands," said KC Crain, president and chief operating officer of Crain Communications, in a news release. "GenomeWeb's history and expertise in journalism, and their commitment to top-level reporting, makes it an attractive business and a perfect complement to our family of business-to-business brands."
Crain Communications Inc. publishes Pensions & Investments.