LexisNexis Completes Acquisition of Seisint, Inc.

    DAYTON, Ohio, Sept. 1 /PRNewswire/ -- LexisNexis U.S., a leading provider
 of legal, news and business information services, announced today that it 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 (NYSE:   ENL) (NYSE:   RUK).
     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(R), PeopleWise(R) and
 Banko(R). Risk Management products and services are used by lawyers, financial
 services, insurance, telecommunications and retail businesses, the Federal
 Government and law enforcement agencies.  Those products and services are used
 to authenticate identity, predict fraud, control credit and fraud losses, to
 improve risk assessment and communicate with customers during the customer-
 management cycle.  LexisNexis PeopleWise services help companies create
 better, more productive workplaces through pre-employment screening and
 background checking.
     The technology and products developed by Seisint will fortify the
 LexisNexis capabilities in identity authentication, fraud prevention, credit
 and security risk products. The acquisition will allow LexisNexis to offer its
 customers expanded data, technology and product offerings.
     Seisint provides information products that allow business, financial
 services, legal and government customers to quickly and easily extract
 valuable knowledge from a vast array of data. Its products, including
 Accurint(TM) and Securint(TM), support customers in critical activities such
 as debt recovery, due diligence, fraud detection, identity verification, law
 enforcement, legal investigations, pre-employment screening, resident
 screening, and data supercomputing. Seisint's services and products are
 supported by integrating the Seisint Data Supercomputer(TM) technology and
 patent-pending data linking methods.
 
     About LexisNexis
     LexisNexis(R) ( http://www.lexisnexis.com ) is a leader in comprehensive
 and authoritative legal, news and business information and tailored
 applications. A member of Reed Elsevier Group plc (NYSE:   ENL) (NYSE:   RUK)
 ( http://www.reedelsevier.com ), the company does business in 100 countries
 with 13,000 employees worldwide. In addition to its flagship Web-based
 Lexis(R) and Nexis(R) research services, the company includes some of the
 world's most respected legal publishers such as Martindale-Hubbell, Matthew
 Bender, Butterworths, JurisClasseur, Abeledo-Perrot and Orac.
     Through its risk management flagship products, RiskWise(R), PeopleWise(R)
 and Banko(R), LexisNexis Risk Management helps to locate people and assets,
 authenticate identity, enable commerce, conduct background screening, and
 support national security initiatives. Customers include government agencies,
 top law firms and major corporations. For more information,
 contact http://www.lexisnexis.com/riskmanagement .
 
 

SOURCE  LexisNexis