Boston Globe Media has acquired InstaTrac, a Massachusetts-based government information platform that helps professionals, organizations, and communities track state and local government activities.
The acquisition strengthens Boston Globe Media’s access to government data. It also creates new opportunities to support transparency and expand local journalism efforts.
Former journalist Michael Segal founded InstaTrac in collaboration with the former Phoenix Media Group, and the company has provided government intelligence for more than 30 years. InstaTrac gives subscribers the ease of using research tools for government information. The InstaTrac platform has tools such as MassTrac which is a legislative tracking tool focused on Beacon Hill. Another one of their tools is MuniTrac which focuses on municipal information.
“InstaTrac has built something incredibly valuable over the last three decades,” said Linda Henry, CEO of Boston Globe Media. “Michael and his team recognized early on that people don’t just need access to information – they need help understanding what it means. That philosophy aligns directly with our mission at Boston Globe Media.”
Acquisition Enhances Government Data Access and Local Reporting
In acquiring this entity, Boston Globe Media is going toFormer journalist Michael Segal founded InstaTrac in collaboration with the former Phoenix Media Group. For more than 30 years, the company has delivered government intelligence to organizations across the public and private sectors. increase their capacity to analyze government data. Besides, the firm intends to look into other areas where they can improve the reporting and experience of their readers. InstaTrac caters to many customers who include government officials, government affairs personnel, non-profits, corporations, academics, and city officials.
“What excites me about this partnership is that Boston Globe Media understands the value of trusted information. They believe in what we’ve built and are committed to helping us continue to grow,” said Michael Segal, founder of InstaTrac, who will remain with the company.
In addition, the deal will give Globe reporters better resources for monitoring developments by governments, finding new stories, and covering state and local news. Segal will continue collaborating with InstaTrac after the deal is closed. At the same time, the news organization believes that the data. Transcription services provided by the platform will increase opportunities for journalism in the area.
“We see tremendous opportunity to invest in this platform, grow it, and explore new ways it can support both the customers who rely on it and the journalists who serve our communities,” Henry said.
The company revealed that the service will continue operating with its current offerings. The existing clients would be provided with support until the firm upgrades itself in the future. Furthermore, Shira Center, the vice president of innovation and strategic initiatives at the media company. Would work on integrating the service into the system.
“In the near term, InstaTrac customers can expect the same commitment, the same expertise, and the same focus on helping them understand government activity. In the months ahead we’ll invest even more in the future of the platform to provide additional value to existing and new customers,” said Dhiraj Nayar, President of Boston Globe Media.
“Shira Center, our vice president of innovation and strategic initiatives, will lead InstaTrac’s integration across the Globe, ensuring its data and capabilities strengthen our journalism, products, and value to readers,” he added.
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News Source: Businesswire.com
