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ATLANTA--Prentice Hall Professional Software, once the industry leader in practice management and tax software, is in the process of being sold to Information America, a smaller online legal service.
Information America has agreed to purchase three Prentice Hall units from Paramount Publishing, an arm of conglomerate Paramount Communications. The deal is expected to be completed in the fourth quarter.
Information America, with pro forma revenue of $25 million for 1992 following an acquisition earlier this year, will be taking over the Prentice Hall Legal and Financial Services, Prentice Hall Legal Practice Management and Prentice Hall Professional Software, which had an estimated $83...