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LexisNexis Adds Edentify to Channel Partner Program For Enhanced Fraud Detection Services
BOCA RATON, FL, December 01, 2005 - LexisNexis, a leading provider of legal, news, business information and risk management services, announced today it has added Edentify Inc. (OTC BB:EDFY) to its LexisNexis Risk Management Channel Partner Group. A provider of proprietary and advanced identity fraud assessment, detection and prevention technologies, Edentify will have access to industry-leading partner solutions from the LexisNexis Risk Management Channel Partner Group.
The addition will enable Edentify to provide financial service companies, health care organizations and government agencies a more enhanced and streamlined solution capable of assessing, detecting and preventing identity fraud. Under the terms of agreement, Edentify and the risk management unit of LexisNexis will jointly develop and market identity fraud detection solutions that integrate Edentify’s proprietary advanced identity fraud assessment, detection, and prevention technology with LexisNexis content. The two companies will jointly market certain complimentary products and services to their respective customers.
"This is a significant milestone in the growth and history of Edentify that helps our customers in the fight against identity theft," says Terrence DeFranco, CEO of Edentify. "By joining the LexisNexis Risk Management Channel Partner Group we can deliver a more streamlined, robust and state-of-the-art solution to our customers. This strategic alliance also allows us to focus our operations with an emphasis on developing and marketing superior solutions with a company such as LexisNexis."
"We are very excited about this new relationship with Edentify because it enhances our value-added offerings to customers in a number of vertical markets," said Dwight Gorall, vice president of channel development. "By adding Edentify to the LexisNexis Risk Management Channel Partner Program we can provide more robust technology solutions in the fight against identity fraud."
The LexisNexis Risk Management Channel Partner Program offers vendors and resellers a range of revenue enhancement incentives that vary depending on the level of participation, licensing margins and sales commitment. In addition, select channel partners will receive compensation for lead registration and account protection within the program. Channel partner support includes an organizational structure that provides focused sales expertise in select product categories and vertical markets. The risk management unit LexisNexis also provides dedicated telesales, marketing and technical resources specifically designed to assist partners in their efforts to market, sell and support the expanding line of channel-ready solutions.
About Edentify
Edentify, Inc. (www.edentify.us) is one of the leading organizations dedicated to developing and deploying technology solutions utilized in preventing identity theft and fraud. Edentify has intellectual property rights to two solutions aimed at detecting and preventing identity fraud. The first is a patented information-based solution that analyzes identity information of individuals in large corporate and government databases and is capable of detecting and scoring incidents of identity manipulation and potential fraud (Identity Quotient Index™). The second intellectual property is a unique biometric solution (technology-based solution) marketed through the company’s wholly-owned subsidiary, InMotion Biometrics, Inc. ("IMB"), that combines face and voice recognition technologies for authenticating the identity of an individual.
Edentify sells its solutions directly and through channel partners in the financial services, healthcare and government sectors. Future plans include the development of an integrated product that combines our information-based ID manipulation detection capability with IMB's biometric technology, thereby enabling more accurate enrollment and subsequently, a more reliable identity protection system.
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.
The LexisNexis Risk Management Channel Partner Group is an industry-wide reseller/vendor program that delivers business critical information solutions with best-in-breed technology products. The risk management unit of LexisNexis delivers a complete set of support services ranging from customer assessment to solution recommendations and real-time technical support. LexisNexis supports channel partners through a broad range of marketing and sales assistance activities and technical resources.
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