Combined Company Takes Significant Step in Journey from Database Provider to Content-Enabled Solutions for Legal and Risk Professionals

October 15, 2008 — New York, NY, October 15, 2008 - LexisNexis® today outlined its vision for the integration of ChoicePoint® as part of its transformation, following the recent completion of the $4.1 billion purchase of ChoicePoint by LexisNexis' parent company, Reed Elsevier. The integration of ChoicePoint represents a major milestone in LexisNexis' transformation into the world's leading provider of innovative, customized content, analytic and workflow solutions for legal and risk professionals.


ChoicePoint, a provider of decision-making technology and information, will become part of the LexisNexis Risk & Information Analytics Group. The combination catapults LexisNexis to a leadership position in the rapidly-growing global risk information market, already estimated to be $15 billion. The newly integrated business unit will also offer significant benefits to legal customers. The public records offered by LexisNexis will also provide an unsurpassed resource for both corporate and private practice legal professionals.


ChoicePoint is the largest of more than two dozen acquisitions that have been added to LexisNexis over the past six years, as part of an across-the-board transformation of the company's business in the U.S. and globally. The company has moved from what was a $6 billion marketplace for legal publishing when it was founded, to serving customers across a $50 billion global market for information solutions.


"The integration of ChoicePoint is a critical milestone in the transformation of LexisNexis," said Andy Prozes, chief executive officer, LexisNexis Group. "Our future is about building upon our pioneering online heritage to meet the changing needs of our customers. We started with bringing information to our customers; today, in addition to information, we apply analytics to content and services, helping our customers see patterns, connect ideas and find answers that make their jobs much easier."


Three Key Strategic Initiatives


The multi-year transformation of LexisNexis helps customers succeed in a rapidly shifting marketplace. The transformation encompasses three major initiatives, each developed and implemented in close collaboration with customers:


1. Deliver Tomorrow's Risk Information Analytics Solutions with the Addition of ChoicePoint 


With the $4.1 billion acquisition of ChoicePoint, few companies can match the array of data analytics offered by LexisNexis. The integration will significantly benefit existing LexisNexis and ChoicePoint customers by bringing together LexisNexis' market-leading risk technology and the best of ChoicePoint's highly-regarded data and analytics.


The integrated business will be the leading provider of underwriting and identity management solutions to the insurance industry, and will be ideally positioned to meet the growing risk information and analytics needs of customers across a wide range of sectors such as background screening, collections, financial services, legal, healthcare, retail, and law enforcement.


The combined business is well positioned to help businesses more effectively authenticate identity and flag suspicious transactions to save consumers and companies money. Six of the top credit card issuers, two of the top retail card issuers, three of the top cell phone providers, and a range of banks, auto lenders and wireless carriers depend on LexisNexis fraud and identity solutions. These solutions recently helped a major online retailer cut annual fraud losses by up to 70 percent.


The combination of LexisNexis and ChoicePoint will be able to deliver new and innovative tools to aid federal and state law enforcement agencies in their work. LexisNexis already provides investigative tools to more than 6,000 law enforcement and government personnel across the U.S. For instance, the Alabama Criminal Justice Information Center leverages LexisNexis solutions to enable state law enforcement agencies to monitor over 8,000 sex offenders. LexisNexis solutions have also contributed to the identification and capture of many dangerous criminals, including the Washington, DC sniper.


2. Help Legal Professionals Achieve Excellence in the Practice and Business of Law


LexisNexis has a long and proven track record for innovation in the legal marketplace. After being the first to transform legal resear