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Weekly News Digest

July 19, 2004 — In addition to this week's NewsBreaks article and the monthly NewsLink Spotlight, Information Today, Inc. (ITI) offers Weekly News Digests that feature recent product news and company announcements. Watch for additional coverage to appear in the next print issue of Information Today. For other up-to-the-minute news, check out ITIís Twitter account: @ITINewsBreaks.

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Reed Elsevier Buys Public Records Provider Seisint

Reed Elsevier announced that its LexisNexis ( unit will buy Seisint (, a risk management public records provider, for $775 million. The companies say that "the fit with the LexisNexis Risk Management business is very strong, giving LexisNexis an outstanding technology and product platform and the leverage of the combined sales forces from which to further expand its fast-growing risk solutions activities." Completion of the acquisition is subject to the approval of Seisint's shareholders and regulatory approval in the U.S.

Seisint's main product, Accurint, provides online access and analysis of public records and related information, principally serving the collections, federal, and legal segments. The company has developed data technologies for acquiring, processing, linking, and querying large datasets. LexisNexis will expand Seisint's customer base by selling its products through its extensive sales force. Seisint, based in Boca Raton, Fla., will be integrated with LexisNexis Risk Management operations. LexisNexis pro forma combined revenues in risk solutions following the acquisition of Seisint is expected to be approximately $300 million.

Source: Reed Elsevier (

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