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Business Highlights

2010s

  • Business Wire announces receipt of its Service Organization Control [SOC] 2 Type II attestation engagement report, providing independent validation that the company’s internal security controls are in accordance with the American Institute of Certified Public Accountants’ applicable Trust Services Principles and Criteria. Business Wire is the only service provider in the commercial news industry that holds this distinction.

  • Business Wire celebrates its 50th anniversary by ringing the opening bell at the New York Stock Exchange. New York City Mayor Michael Bloomberg and San Francisco Mayor Ed Lee proclaim “Business Wire Day” in its co-headquarter cities.

  • Staying at the forefront of technological changes, Business Wire launches its Global-Mobile-Social-Measurable initiative leveraging global distribution platforms with reach to mobile users worldwide via a variety of apps, and increases sharing and measurement tools to provide unrivaled added value.

    Business Wire launches SEO-friendly state-of-the-art online newsrooms, IR web site, and online press kit hosting services.

2000s

  • With the passage of the European Union’s Transparency Obligations Directive, Business Wire introduces regulatory disclosure services in a dozen European markets. Today, Business Wire is able to satisfy disclosure obligations in 14 markets throughout North America and Europe, more than any other competitive service.

  • Business Wire becomes a wholly-owned subsidiary of Berkshire Hathaway, the Fortune 4 holding company of famed value investor Warren Buffett.

  • Cathy Baron Tamraz named CEO.

  • Cathy Baron Tamraz named Business Wire’s president.

    Business Wire revolutionizes the global news industry with the introduction of “NX,” its proprietary platform that delivers news to all network recipients simultaneously, and in real-time. The system is enabled for multimedia and multilingual transmissions. Business Wire is awarded a U.S. patent in 2006, a Canadian patent in 2009, and a European Union patent in 2012.

    Business Wire unveils NewsTrak, which provides clients with audience

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  • Business Wire is sanctioned as a regulatory disclosure service by the U.K.’s Financial Services Authority (now known as the Financial Conduct Authority), and Germany's BAFIN.

  • Business Wire becomes the first U.S.-based wire service to offer EDGAR filing services, enabling publicly traded companies to fulfill their electronic reporting requirements.

    Business Wire celebrates its 40th anniversary with Cathy Baron Tamraz opening that day's NASDAQ trading session in New York. Mayor Willie Brown proclaims "Business Wire Day" in San Francisco.

1990s

  • The company launches LogoLink, allowing clients to display their full-color logos with their press releases on BusinessWire.com.  Business Wire ends the decade with more than 400 employees in 26 offices, and $40 million in revenue.

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  • Business Wire launches another first:  The Smart News Release, allowing its users to embed photos, audio and video within their press releases.  Hard-copy photos were often provided by clients and scanned by Business Wire editors, then made available in high resolution to media and web viewers.

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  • Business Wire launches www.BusinessWire.com, becoming the first wire service with a website.  The site carried every press release issued, every day, in plain text format. You can view previous iterations of our site at the Internet Archive.

  • Business Wire breaks new ground by becoming the first commercial newswire to offer satellite photo delivery, via AP PhotoExpress.

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  • The company celebrates its 30th anniversary by moving to the 39th floor of its headquarters at 44 Montgomery Street in San Francisco, offering a 360-degree view of the city and the Bay Area.

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  • Business Wire employs 150 people in 16 offices, and has annual revenues of $14 million.

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1980s

  • Business Wire opens its New York office which eventually becomes the company’s co-headquarters and the home base for much of the company’s senior management team. Other offices open during the decade in Atlanta, Charlotte, Cleveland, Denver, Miami, Nashville, Newport Beach, Philadelphia, Phoenix, San Diego and Silicon Valley.

    Business Wire begins archiving its releases in popular databases, including Lexis/Nexis and Factiva.

    Business Wire’s future leadership team joins the company, including

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1970s

  • Future Chairwoman and CEO, Cathy Baron Tamraz, hired as an editor in the San Francisco office.

  • Business Wire becomes the first commercial newswire to take advantage of satellite-to-computer news delivery via The Associated Press’s DataFeatures service. News releases are transmitted at 1,200 words per minute direct into the editorial computer systems of AP member organizations, greatly expanding Business Wire’s media reach and providing journalists with desktop access to releases.

1960s

  • On October 2, Founder, Lorry I. Lokey, opens the doors of Business Wire in San Francisco with seven clients and a private line communications network serving 16 Bay Area media points. By the end of the decade, Business Wire opens a Los Angeles office.

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