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Weekly News Digest

June 30, 2003 — 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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LexisNexis Acquires Public Records Businesses

LexisNexis announced it has agreed to buy the public records businesses of Dolan Media Co. (based in Minneapolis), a provider of U.S. electronic public records information, including bankruptcies, civil judgments, federal and state tax liens, and eviction notices. Financial terms of the deal are not being disclosed. The agreement is subject to regulatory review in the U.S.

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. Dolan's public-records businesses, with more than 180 employees, specialize in large-scale and rapid gathering of public-record data. They offer premier brands including Banko, a leading bankruptcy database; Acollaid, serving the credit-management industry; and ClickData, an Internet distributor of Dolan Media data to the direct marketing industry. The acquisition will augment and complement LexisNexis' public-records content, industry-focused solutions, and risk-scoring technology.

LexisNexis is a member of Reed Elsevier Group, PLC, which, according to a Reuters account, recently stated its intention to step up its acquisition drive, funding deals with its annual free cashflow.

Source: LexisNexis



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