A system and method for gathering and distributing data. The system is for extracting information from the world wide web and classifying the information in accordance with certain profiles. The information may include business intelligence, which may be categorized according to its relevance to predefined industry profiles or company profiles. The information may be further categorized according to its relevance to particular countries. If the information relates to a new company, the system builds a new company profile based upon the information. Users may create a user profile containing their information preferences, such as industry groups or particular countries or companies, and the system provides reports or alerts to the users referencing extracted information that is filtered by the user profile.