James M. Peck to Lead Expanded LexisNexis® Risk & Information Analytics Group
Expanded Business Unit has Revenues of $1.5 Billion
NEW YORK, NY – LexisNexis Group, a member of Reed Elsevier, today announced that James M. Peck will serve as chief executive officer (CEO) of the newly expanded LexisNexis Risk & Information Analytics Group. In September 2008 Reed Elsevier completed its purchase of ChoicePoint and announced that the company would be combined with the LexisNexis Risk & Information Analytics Group. The integrated business unit is positioned as an industry leader with revenues of $1.5 billion in the risk information sector, which is estimated to be a $15 billion market.
The LexisNexis Risk & Information Analytics Group has been one of the fastest growing areas for LexisNexis and Reed Elsevier for several years and is a key area of strategic focus, reflecting the strong growth in demand for information and analytics solutions in risk management markets.
"Our goal is to combine highly regarded ChoicePoint® data assets and industry experience with market-leading LexisNexis® technology, creating a single organization that offers 'best of breed' solutions for our corporate, non-profit and government customers," said James M. Peck, chief executive officer of LexisNexis Risk & Information Analytics Group.
Peck started with the business unit in March 2004 with responsibility for driving revenue by merging market needs with technology solutions. Peck facilitated the 2004 acquisition and integration of Seisint into the LexisNexis Risk & Information Analytics Group. Under Peck's leadership, the business unit has achieved consistent double-digit revenue growth with significant margin expansion over the past four years.
"We've achieved this level of success through the dedication of our people who are passionate about serving our customers and growing our business," said Peck.
LexisNexis Risk & Information Analytics Group is now a leading provider of underwriting, collections, screening and authentication, and risk and fraud prevention solutions. Building on best-of-breed capabilities, the business unit is well positioned to help businesses, government and non-profit organizations more effectively authenticate identity and flag suspicious transactions, to facilitate the flow of money, goods and services.
The combined organization is one of the nation's premier sources of data to the insurance industry for underwriting, claims and data analytics solutions, and also serves more than half of the Fortune 100 companies with background screening solutions to help create safe working environments and mitigate potential risk. More than 1,000 U.S. law enforcement agencies and government organizations depend on LexisNexis information and technology. LexisNexis solutions have also contributed to the identification and capture of many dangerous criminals, including the Washington, DC sniper.
"In addition to helping our customers, LexisNexis and ChoicePoint have a shared belief in helping to make the world a better place through leveraging our solutions and expertise," said Peck. "Both organizations have a history of helping law enforcement rescue missing children and locate sex offenders, preventing fraud, authenticating identity, and creating safer workplaces."
The head office of the LexisNexis Risk & Information Analytics Group is now based in the greater Atlanta, Georgia area.
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. A member of Reed Elsevier [NYSE: ENL; NYSE: RUK] (www.reedelsevier.com), LexisNexis serves customers in more than 100 countries with 18,000 employees worldwide.
About LexisNexis Risk & Information Analytics Group
LexisNexis Risk & Information Analytics Group is a natural extension of the core competencies and technologies proven in the LexisNexis online products from the past 30 years. The LexisNexis Risk & Information Analytics Group builds on the LexisNexis tradition as a trusted provider and custodian of quality information, and leverages new cutting-edge technology, unique data and advanced scoring analytics to create total solutions to address client needs.
LexisNexis Risk & Information Analytics Group is specifically designed to serve the multi-billion dollar risk information industry, which is comprised of professionals and organizations such as law enforcement, government agencies, financial services firms, collection agencies, insurance and health care providers, hiring managers, and other professionals.
LexisNexis Risk & Information Analytics Group