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LexisNexis Adds to Public Records Holdings with Acquisition of Key Assets from Rachel Hollingsworth Court Reporting, Inc.
DAYTON, OH, January 06, 2005 - LexisNexis U.S., a leading provider of legal, news and business information services, said today it has acquired key assets of Rachel Hollingsworth Court Reporting, Inc., a privately owned civil public records provider based in Baton Rouge, Louisiana. LexisNexis is a member of Reed Elsevier Group plc [NYSE: ENL; NYSE: RUK].
The acquisition from Hollingsworth boosts LexisNexis® public records holdings in several southeastern states with the addition of civil judgments and federal and state tax lien records from state and local courts. LexisNexis uses public records and other data to develop specialized products to help businesses and governments mitigate risk. LexisNexis provides specialized risk management tools for the financial services, insurance, collections, telecommunications, e-commerce, and background screening industries, as well as for law enforcement and homeland security. LexisNexis offers industry leading risk management products such as Accurint®, RiskWise®, PeopleWise®, and Banko®.
"Hollingsworth’s strong presence in the southeastern states complements our broad public records content, industry-focused solutions and risk-scoring technology. This acquisition will expand further the capabilities of LexisNexis and reinforce our ability to help customers detect fraud and prevent identity theft, and improve homeland security," said Kurt Sanford, president and chief executive officer of LexisNexis Corporate and Public Markets.
Founded in 1983, Hollingsworth acquired 20 million historical records through a system of court runners and automated processes. Hollingsworth provided data to credit bureaus and other risk management companies.
The assets acquired from Hollingsworth will become part of the LexisNexis Risk Management Group which employs more than 900 employees among its Dayton, Ohio, and Boca Raton, FL, locations as well as multiple branch offices across the U.S.
Financial terms of the deal were not disclosed.
About LexisNexis
LexisNexis® (www.lexisnexis.com ) is a leader in comprehensive and authoritative legal, news and business information and tailored applications. A member of Reed Elsevier Group plc [NYSE: ENL; NYSE: RUK] (www.reedelsevier.com ), the company does business in 100 countries with 13,000 employees worldwide. In addition to its flagship Web-based Lexis® and Nexis® research services, the company includes some of the world’s most respected legal publishers such as Martindale-Hubbell, Matthew Bender, Butterworths, JurisClasseur, Abeledo-Perrot and Orac.
In the United States, LexisNexis ® offers an extensive range of products and services that guide professionals and businesses in making confident decisions. For more than 30 years, LexisNexis has been a pioneer in secure data sharing, information policy, and personal privacy. Through its risk management flagship products, Accurint®, RiskWise®, PeopleWise®, and Banko®, LexisNexis helps to locate people and assets, authenticate identity, enable commerce, conduct background screening, and support national security initiatives. Customers include almost every Federal Government agency, the top 100 law firms, and Fortune 500 companies in the fields of national security, financial services, collection and recovery, insurance, telecommunications, e-commerce and retail.
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