LexisNexis Acquires Assets from Rachel Hollingsworth Court Reporting, Inc.

Jan 07, 2005

LexisNexis U.S., a provider of legal, news, and business information services, has acquired 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. 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, ecommerce, and background screening industries, as well as for law enforcement and homeland security. LexisNexis offers risk management products such as Accurint, RiskWise, PeopleWise, and Banko.

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. Financial terms of the deal were not disclosed.
(www.lexisnexis.com; www.reedelsevier.com)