LexisNexis Acquires State Net
Market-leading source of U.S. legislative and regulatory tools and content
December 1, 2010 — NEW YORK – LexisNexis, a leading global provider of content-enabled workflow solutions, today announced that it has acquired State Net® – the premier provider of legislative and regulatory content and tools in the United States. Financial terms of the acquisition were not disclosed.
"Through the acquisition of State Net, LexisNexis has secured critical content and tools needed by legal and business professionals to rapidly monitor and analyze the policy decisions being made by Federal and State governments and regulatory agencies across the US on a daily basis," said Bob Romeo, senior vice president of Research and Litigation Solutions at LexisNexis. "Access to this critical information means our customers are at an advantage when assisting their clients in finding, analyzing and planning for those decisions."
State Net collects, normalizes and editorially enhances all bills introduced in the 50 U.S. state legislatures, the District of Columbia and the U.S. Congress, as well as all agency regulations from every state. The service also provides timely delivery of data, legislative intelligence and in-depth content and tools reporting on the actions of government institutions.
State Net provides users access to information on individual legislative bills and their progress within twenty-four hours of public availability. It also enables subscribers to obtain current versions of bills and statutes, check the validity of statutes, track pending changes to statutes and regulations, and research historical summaries of legislative actions. State Net tools and content enable users to assess the impact of proposed legislation and regulations, influence proposed matters, and reduce compliance risk.
"State Net resources align perfectly with LexisNexis and its efforts to enhance and build upon its research content and client development offerings," said Laurie Stinson, president and chief executive officer of State Net. "I am very pleased that State Net is becoming part of a company that demonstrates a continued commitment to providing clients with a comprehensive set of research solutions to help them do their jobs and generate better outcomes for their organizations."
The State Net content and tools have been distributed under license by LexisNexis for more than 20 years, and this acquisition will enable LexisNexis to improve upon them with the addition of primary law content and integration into its offerings for the US legal, business, government and academic markets. While LexisNexis remains the primary distributor of State Net content in the legal markets following the transaction, LexisNexis will honor State Net legal commitments to third party distributors.
Headquartered in Sacramento, California, State Net was founded more than 40 years ago by legislative experts who developed content and tracking tools that have evolved into one of the nation's leading sources of legislative and regulatory information.
LexisNexis® (www.lexisnexis.com) is a leading global provider of content-enabled workflow solutions designed specifically for professionals in the legal, risk management, corporate, government, law enforcement, accounting, and academic markets. LexisNexis originally pioneered online information with its Lexis® and Nexis® services. Part of Reed Elsevier [NYSE: ENL; NYSE: RUK] (www.reedelsevier.com), LexisNexis serves customers in more than 100 countries with 15,000 employees worldwide.