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The new company was incorporated in Los Altos on June 2, 1977 as Information Access Corporation.
The first indexers, all of whom had MLS degrees, were hired in August 1977.
The company had not received any additional large investments since the loan from Dialog, and revenues from the dwindling consulting business had ceased in 1979.
In online databases, IAC also begin introducing full text in 1983, when it began indexing and providing text from the PR Newswire in its new Newswire ASAP database.
Butler then remained with IAC in a less formal role until 1984.
Spiwak stayed on in a consulting role until 1985, by which time he had turned 60 and retired.
IAC continued to publish the print directory under the Wards title for a few years by itself and later, starting in 1989, jointly with reference book publisher Gale Research Inc.
In 1991 IAC began adding abstracts to most of the citations in most of its databases.
In late 1993 IAC began utilizing a central computer facility shared with other Ziff companies, called Ziff Information Services (ZIS), to offer libraries 24-hour access to its databases through a telnet connection over the Internet.
In December 1994 IAC was acquired by The Thomson Corporation for $465 million.
In fall 1996 Goldstein left IAC to take a newly created position in Thomson with the aim of fostering the sharing of resources among affiliated Thomson companies.
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| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| The Arc Wayne | 1964 | $53.0M | 600 | 26 |
| Crystal Run Village, Inc. | 1988 | $1.7M | 50 | - |
| cadsinc | 2003 | $999,999 | 12 | 2 |
| Lord's Legacy Life Ministries | 2007 | $3.3M | 125 | - |
| Yedei Chesed | 1992 | $9.7M | 125 | - |
| Friendship Community | 1972 | $17.5M | 50 | 213 |
| Wingspan Life Resources | 1992 | $9.0M | 1 | 5 |
| SRVS | 1962 | $2.2M | 20 | 5 |
| The Arc of the Piedmont | 1954 | $5.0M | 100 | - |
| Warren Washington Albany ARC | 1949 | $6.2M | 99 | - |
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