LexisNexis Completes Seisint, Inc. Acquisition

Sep 03, 2004

LexisNexis U.S., a provider of legal, news, and business information services, has closed on its acquisition of Seisint, Inc., a U.S.-based provider of information management products and services, for $775 million. LexisNexis is a member of Reed Elsevier Group plc. Seisint will become part of the LexisNexis U.S. Risk Management business of the Corporate and Federal Markets division. The LexisNexis Risk Management business includes flagship products such as RiskWise, PeopleWise, and Banko. Lawyers, financial services, insurance, telecommunications and retail businesses, the Federal Government, and law enforcement agencies use Risk Management products and services to authenticate identity, predict fraud, control credit and fraud losses, to improve risk assessment, and communicate with customers during the customer-management cycle.

Seisint provides information products that are designed to allow business, financial services, legal, and government customers to quickly and easily extract knowledge from data. Its products, including Accurint and Securint, support customers in activities such as debt recovery, due diligence, fraud detection, identity verification, law enforcement, legal investigations, pre-employment screening, resident screening, and data supercomputing.
(www.lexisnexis.com; www.reedelsevier.com)