LexisNexis U.S. Acquires Dolan Media's Public-Records Businesses

Jun 27, 2003

LexisNexis U.S., a provider of legal, news, and business information services, has entered into a definitive agreement to acquire the public-records businesses of Dolan Media Company, a Minneapolis-based provider of electronic public-records information, including bankruptcies, civil judgments, federal, and state tax liens and eviction notices.  LexisNexis is a member of Reed Elsevier Group plc. The acquired businesses will become part of the LexisNexis Risk Management business of the Corporate and Federal Markets division, which includes operating units, RiskWise, and PeopleWise. LexisNexis RiskWise services are used by companies in the financial, telecommunications, retail, Internet, and insurance industries to control credit and fraud losses, profitably acquire more customers, and communicate with customers during the customer-management cycle. Dolan's public-records businesses specialize in large-scale and rapid gathering of public-record data. Dolan Media is a provider of public record information and record retrieval services for bankruptcies, civil judgments, state tax liens, federal tax liens, eviction notices, and deceased information. Dolan's public-records product lines include: Banko--Bankruptcy and decease notification; Banko Document Retrieval--Court document retrieval services; Acollaid--Database hygiene, scrubbing, skip trace tools; Hogan Information Services--Public-records collection service; ClickData--Database aggregator; and US Corporate Services--Document filing and retrieval services. Financial terms of the deal are not being disclosed. The agreement is subject to regulatory review in the U.S.  

(http://www.lexisnexis.com), (http://www.reedelsevier.com)