February 7, 2011 — Sunnyvale, CA — DeepDyve today announced that it closed the 2010 calendar year with strong growth marked by an ever-increasing number of publisher partners, as well as a rapidly expanding subscriber base. All told, traffic, subscribers and article rentals grew by more than 500 percent. This early market traction begins to demonstrate: first, that there is a sizable, unmet need for individual researchers and small-medium business users who are not affiliated with a major institution and cannot therefore access this critically important research information; and second, that DeepDyve's online rental service meets these needs by conveniently aggregating this hard-to-get-to information all in one site, and by making it affordable to read the full article for as little as $0.99.
"As a young company with a brand new service, we are extremely pleased with our progress in 2010," said William Park, CEO of DeepDyve. "Our growth across every important metric accelerated each quarter, and we expect to carry that momentum throughout 2011."
DeepDyve makes it easy and affordable for individuals and small business users to access premium content that is vital to their professional and personal interests. The company is the premier one-stop shop for the tens of millions of so-called "knowledge workers" who seek authoritative research in the fields of Life Sciences, Social Sciences, Physical Sciences, and more. Over the past year, DeepDyve took a giant step toward this goal by adding more than 2 million articles to its rental service across a variety of subject areas. Here is a partial list of publishers and their respective journals added last year
"Publishers have been receptive to working with us for a number of reasons, chief among them that we introduce them to new readers outside of their existing customer base with an offering that is distinctly different than their traditional products," said William Park, CEO of DeepDyve. "The publishing landscape will continue to transform in the years to come with new users and markets, as well as new devices and platforms. We believe DeepDyve is well-positioned to capture these opportunities with our partners."
Early 2011 promises continued growth, evidenced by the recent announcements that both Nature Publishing Group and Springer will be joining the DeepDyve rental program with over 100 journals in the fields of biomedical, public health, business and economics. In addition, DeepDyve has several other prominent publishers signed and their content will be available in the coming weeks.
DeepDyve now offers the world’s largest online rental service for professional and scholarly research articles. With DeepDyve, users can rent articles for as little as $0.99 and cancel at any time. To try a free 14-day trial, simply register in three simple steps.
Publishers interested in making their journals rentable via DeepDyve are encouraged to contact the company to learn more about the many options available to them. DeepDyve's licensing team works closely with publishers to broaden their potential audience and provide a path to attract and convert those customers with very little burden on the publisher. DeepDyve is committed to preserving publishers' existing customer base while aggressively seeking to expand readership. For more information, visit www.deepdyve.com, and follow the company on Twitter and Facebook.
DeepDyve was founded in 2005 by scientists who shared the vision of simplifying the research process. Through direct collaboration with the industry’s most prominent and well respected publishers, the company now offers the world’s largest online rental service for scientific, technical, and medical research with more than 30 million articles from thousands of authoritative journals. DeepDyve is headquartered in Sunnyvale, California with offices in Shanghai, China. The company is privately held and backed by high-profile angel investors.
FOR MORE INFORMATION, CONTACT: John Snedigar, Faultline Communications +1 408-705-7518 john@faultlinecomms.com