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LexisNexis Group and ChoicePoint Join Forces to Deliver Market-Leading Risk Solutions across Industries and GovernmentReed Elsevier has completed its acquisition of ChoicePoint®, Inc. The company disclosed its intention to acquire ChoicePoint earlier this year and the closing came after a rigorous review process including regulatory reviews, approval from the company's board of directors and overwhelming support from company shareholders. ChoicePoint is now a part of the LexisNexis® Risk & Information Analytics Group. ChoicePoint adds a major presence in insurance, along with complementary products and new capabilities in screening, authentication and public records. The acquisition will benefit our customers through the delivery of enhanced and innovative new offerings employing the best of LexisNexis® and ChoicePoint® information solutions and technology. The strength of the combined organizations, powerful technology, distribution channels and thought leadership will allow us to better serve existing and future customers across a wide span of vertical markets. The LexisNexis Risk & Information Analytics Group helps business, government agencies and non-profit organizations with identity authentication, risk assessment, fraud detection, money laundering and helps law enforcement to locate criminals, suspects and missing children. This acquisition is the largest to date for Reed Elsevier. With complementary ChoicePoint products and services, the company has taken a giant step in becoming a total solution provider with authoritative content, services and technology, all delivered through a portfolio of industry-leading brands.
Press Releases For more information, contact us. CustomersThe combination of LexisNexis® Group and ChoicePoint® has positive implications for the companies and agencies we serve. It creates an organization with expanded services and technologies that can deliver the mission-critical solutions your business demands.
Smarter Answers through Richer Information
Industry-Leading Speed and Reliability
A Commitment to Innovation Frequently Asked QuestionsGeneralWhy did Reed Elsevier acquire ChoicePoint®?
The acquisition of ChoicePoint, and its combination with LexisNexis® Risk & Information Analytics Group Inc, offers: Reed Elsevier is a world leading publisher and information provider for professionals. The company delivers authoritative content through leading brands and proprietary content to provide innovative solutions that become embedded in customers' workflows. Its three global operating divisions - Science & Medical, Legal and Business - produce more than 15,000 different magazines, books, CD ROMs and internet based data and information services. Website is: www.reedelsevier.com.
LexisNexis Group, a division of Reed Elsevier Inc., is a leading global provider of technology focused information-based solutions to professional markets, including: legal, risk and information analytics, corporate compliance, government, law enforcement, tax, accounting and academic. LexisNexis Group provides customers access to 5 billion searchable documents from more than 40,000 legal, news and business sources.
What is LexisNexis Risk & Information Analytics Group?
LexisNexis Risk & Information Analytics Group is a leading provider of actionable intelligence to help clients make critical decisions. It serves the Risk & Information Analytics industry, which includes professionals and organizations such as law enforcement, government agencies, financial services firms, collection agencies, insurance and health care providers, hiring managers and background screening. It is a natural extension of the core competencies and technologies proven in the LexisNexis® online products from the past 30 years.
The LexisNexis Risk & Information Analytics Group builds on the LexisNexis tradition as a trusted provider and custodian of quality information. It utilizes unique data and advanced scoring analytics, coupled with advanced linking technology, to help clients:
Since 1997, ChoicePoint Inc. has been a leading provider of decision-making technology and information that helps reduce fraud and mitigate risk. ChoicePoint has grown from one of the nation's premier source of data to the insurance industry into a premier provider of decision-making insight to businesses and government.
What is the Risk and Information Analytics Industry? The Risk & Information Analytics (RIA) industry is a $15 billion industry comprised of multiple solution providers that offer risk management information solutions and services to the financial, insurance, screening and authentication, and government sectors. The industry provides information, technology and tools to prevent identity theft; locate criminals, witnesses and other parties to legal actions; vet volunteers to charitable agencies; locate missing children; allow consumers to secure the best rates for P&C insurance, obtain mortgages, credit cards, and other credit; demonstrate and verify employability; as well as other benefits to consumers, society, government and commercial interests. In what area do you anticipate the greatest growth for the LexisNexis Group?
We anticipate the greatest growth in the LexisNexis Risk & Information Analytics Group. This business unit has been one of the fastest growing areas of LexisNexis and Reed Elsevier for a number of years and a key area of strategic focus, reflecting the strong growth in demand for information and analytics solutions in risk management markets which are showing consistent overall market growth in the 7-9% range.
What are the benefits of the acquisition?
Smarter Answers through Richer Information Will LexisNexis® branding change? No. LexisNexis® is the master brand. ChoicePoint is now part of the LexisNexis Group, a division of Reed Elsevier. We have engaged a world-class branding agency to help us craft our branding strategy for the integration and beyond. As the ongoing brand strategy is solidified, it will be communicated to all employees, customers and partners, and materials will be modified or replaced as needed. Will ChoicePoint retain its brand and products? Decisions regarding ChoicePoint and its solutions will be made over time as part of the integration process. As the ongoing brand strategy is solidified, it will be communicated to all employees, customers and partners, and materials will be modified or replaced as needed. How will ChoicePoint be integrated into LexisNexis? ChoicePoint will be a part of the LexisNexis Risk & Information Analytics Group and be part of the overall LexisNexis Group (LNG). LexisNexis Group is a division of the Reed Elsevier organization. How will the integration affect employees at both companies?
Now that the deal has closed, we will begin the process to review the structure and roles and responsibilities of our combined staff to ensure we have the best talent in place that will serve our customers and deliver on our strategic goals.
Will you be divesting any business units? ChoicePoint's government law enforcement public records business conducted under the AutoTrack XP and CLEAR brands will be divested. The sale of this business is conditioned, among other things, on Reed Elsevier completing its acquisition of ChoicePoint. Approximately 40 ChoicePoint Government Services employees will be offered an opportunity to join Thomson/West. Who will lead LexisNexis Risk & Information Analytics Group? The LexisNexis Risk & Information Analytics Group is led by James M. Peck, the chief executive officer of the business unit since 2004. The new management team will include management from LexisNexis Group and ChoicePoint. Customer Service and ProductsCurrent accounts, solutions and services will remain in place and be fully supported during the integration period. In addition, customers will continue to be served by their current LexisNexis Risk & Information Analytics Group or ChoicePoint team. Your pricing plan will remain the same. Will there be any service disruptions? No. We are committed to providing continuous service as we bring our companies together. LexisNexis Group and ChoicePoint have successfully acquired and integrated many companies before. Will my account manager change at LexisNexis Risk & Information Analytics Group? At ChoicePoint?
Business will be conducted as usual and your current account manager will continue to be your point of contact. If there are any changes, LexisNexis Risk & Information Analytics Group will provide advance notice.
Will products and services change? As of now, both LexisNexis and ChoicePoint solutions are available. Over time, the two organization's solution portfolios will be reviewed and where it makes sense capabilities will be combined to create best-of-breed solutions. I'm considering a LexisNexis or ChoicePoint solution, what should I do next? If you are considering a LexisNexis or ChoicePoint resolution, please contact the LexisNexis sales number at 1-800-869-0751. We will work to create a solution that meets your needs. Contracts, Invoices and PricingWhat impact will the acquisition have on current or pending contracts?
LexisNexis Risk & Information Analytics Group will honor the terms for all current contracts. Pending contracts will be reviewed on a case-by-case basis.
What company name will be on my current contracts and invoices?
Currently, contracts and invoices will remain the same until further notice.
We will support on-going projects of both ChoicePoint and LexisNexis Group companies. Our goal is offer the best solutions at the right value for our customers. As of now, there will be no changes in prices related to this acquisition. As of now, there will be no changes in prices related to the acquisition. For More InformationWhere can I get additional information on the ChoicePoint acquisition?
Please contact your LexisNexis or ChoicePoint account manager.
Further InformationFor customer inquiries please call 866-293-4236. MarketplaceWhether you are currently in the buying process, conducting due diligence or simply curious about what the combination of LexisNexis® Group and ChoicePoint® will bring to our future customers and partners, LexisNexis Group wants you to have the information you need to be confident in your business decisions. More specifically, the LexisNexis Risk & Information Analytics Group wants you to know we are committed to helping business, government agencies and non-profit organizations with identity authentication, risk assessment, fraud detection, money laundering and we will continue to help law enforcement to locate criminals, suspects and missing children. It's a very exciting time for LexisNexis Risk & Information Analytics Group as it creates a world-class organization with unmatched expanded services and technologies. From the depth and breadth of offerings to our reliability, cutting edge technology and commitment to providing innovative products and services that meet your business demands. With the addition of ChoicePoint, LexisNexis risk solutions are now even a greater - more powerful - force delivering smarter answers to businesses across the globe.
About LexisNexisLexisNexis® is a leading provider of information and business solutions to professionals in a variety of industries-legal, risk management, corporate, government, law enforcement, accounting, and academic. A member of Reed Elsevier PLC, the company does business with professionals in 100 countries with 13,000 employees worldwide. Building on the 30-year LexisNexis tradition as a trusted provider and custodian of quality information, the LexisNexis® Risk & Information Analytics Group leverages cutting-edge technology, unique data, and advanced scoring analytics to provide total solutions for client needs. Our solutions are designed to serve the risk information industry, which includes professionals and organizations such as law enforcement, government agencies, financial services firms, collection agencies, insurance and health care providers, hiring managers, and others. Further InformationTo contact us please call (800) 869-0751 or email a LexisNexis Representative. To learn more about our solutions for risk and information analytics online visit our web site. Media
The ChoicePoint Acquisition Announcement
The Acquisition Benefits
About Reed Elsevier PLC
Reed Elsevier is a world leading provider of professional information and online workflow solutions in the Science, Medical, Legal, Risk Information and Analytics, and Business sectors. Based in over 200 locations worldwide, Reed Elsevier creates authoritative content delivered through market leading brands, enabling customers to find the essential data, analysis and commentary to support their decisions. Website is www.reed-elsevier.com About LexisNexis Group, a subsidiary of Reed ElsevierThe LexisNexis Group, a subsidiary of Reed Elsevier, is a leading provider of information and business solutions to professionals in a variety of industries - legal, risk management, corporate, government, law enforcement, accounting, and academic. Website is www.lexisnexis.com About LexisNexis Risk & Information Analytics GroupIn 2000, the LexisNexis Group formed what is now known as the LexisNexis Risk & Information Analytics Group to address the $15 billion market for government and commercial risk information solutions. Building on the 30-year LexisNexis tradition as a trusted provider and custodian of quality information, the LexisNexis Risk & Information Analytics Group delivers actionable intelligence to help clients make critical decisions with confidence and speed. These solutions are built on a foundation of advanced technology, unique data and sophisticated analytics. Website is risk.lexisnexis.com. About ChoicePointThrough the identification, retrieval, storage, analysis and delivery of data, ChoicePoint serves the informational needs of businesses of all sizes, non-profit and charitable organizations as well as federal, state and local government agencies. ChoicePoint helps clients to reduce fraud and mitigate risk, particularly in underwriting personal and commercial P&C insurance, and screening and authenticating professionals, customers, and new and existing employees. ChoicePoint is also a leading provider of online due diligence and identification services. Its website is www.ChoicePoint.com. Frequently Asked QuestionsGeneralWhy did Reed Elsevier acquire ChoicePoint®?
The acquisition of ChoicePoint, and its combination with LexisNexis® Risk & Information Analytics Group Inc, offers: Reed Elsevier is a world leading publisher and information provider for professionals. The company delivers authoritative content through leading brands and proprietary content to provide innovative solutions that become embedded in customers' workflows. Its three global operating divisions - Science & Medical, Legal and Business - produce more than 15,000 different magazines, books, CD ROMs and internet based data and information services. Website is: www.reedelsevier.com.
LexisNexis Group, a division of Reed Elsevier Inc., is a leading global provider of technology focused information-based solutions to professional markets, including: legal, risk and information analytics, corporate compliance, government, law enforcement, tax, accounting and academic. LexisNexis Group provides customers access to 5 billion searchable documents from more than 40,000 legal, news and business sources.
What is LexisNexis Risk & Information Analytics Group?
LexisNexis Risk & Information Analytics Group is a leading provider of actionable intelligence to help clients make critical decisions. It serves the Risk & Information Analytics industry, which includes professionals and organizations such as law enforcement, government agencies, financial services firms, collection agencies, insurance and health care providers, hiring managers and background screening. It is a natural extension of the core competencies and technologies proven in the LexisNexis® online products from the past 30 years.
The LexisNexis Risk & Information Analytics Group builds on the LexisNexis tradition as a trusted provider and custodian of quality information. It utilizes unique data and advanced scoring analytics, coupled with advanced linking technology, to help clients:
Since 1997, ChoicePoint Inc. has been a leading provider of decision-making technology and information that helps reduce fraud and mitigate risk. ChoicePoint has grown from one of the nation's premier source of data to the insurance industry into a premier provider of decision-making insight to businesses and government.
What is the Risk and Information Analytics Industry? The Risk & Information Analytics (RIA) industry is a $15 billion industry comprised of multiple solution providers that offer risk management information solutions and services to the financial, insurance, screening and authentication, and government sectors. The industry provides information, technology and tools to prevent identity theft; locate criminals, witnesses and other parties to legal actions; vet volunteers to charitable agencies; locate missing children; allow consumers to secure the best rates for P&C insurance, obtain mortgages, credit cards, and other credit; demonstrate and verify employability; as well as other benefits to consumers, society, government and commercial interests. In what area do you anticipate the greatest growth for the LexisNexis Group?
We anticipate the greatest growth in the LexisNexis Risk & Information Analytics Group. This business unit has been one of the fastest growing areas of LexisNexis and Reed Elsevier for a number of years and a key area of strategic focus, reflecting the strong growth in demand for information and analytics solutions in risk management markets which are showing consistent overall market growth in the 7-9% range.
What are the benefits of the acquisition?
Smarter Answers through Richer Information Where will the head office of the LexisNexis Risk & Information Analytics Group be located? The Alpharetta, Georgia office is the headquarters of ChoicePoint. LexisNexis Risk & Information Analytics Group has decided to move its head offices to Georgia. The move will assist us in bringing the two companies together. Will office locations be consolidated? At this point, no decisions have been made in regard to consolidating offices. We are currently reviewing operations and expect to make a decision on this in the future. Until then, all offices will operate as normal. How will ChoicePoint be integrated into LexisNexis? ChoicePoint will be a part of the LexisNexis Risk & Information Analytics Group and be part of the overall LexisNexis Group (LNG). LexisNexis Group is a division of the Reed Elsevier organization. How will the integration affect employees at both companies?
Now that the deal has closed, we will begin the process to review the structure and roles and responsibilities of our combined staff to ensure we have the best talent in place that will serve our customers and deliver on our strategic goals.
Will you be divesting any business units? ChoicePoint's government law enforcement public records business conducted under the AutoTrack XP and CLEAR brands will be divested. The sale of this business is conditioned, among other things, on Reed Elsevier completing its acquisition of ChoicePoint. Approximately 40 ChoicePoint Government Services employees will be offered an opportunity to join Thomson/West. Who will lead LexisNexis Risk & Information Analytics Group? The LexisNexis Risk & Information Analytics Group is led by James M. Peck, the chief executive officer of the business unit since 2004. The new management team will include management from LexisNexis Group and ChoicePoint. Will ChoicePoint's management remain in place?
Both Derek Smith and Doug Curling have decided to leave the company. We want to thank them for their assistance during the closing and review period and wish them the best in their future endeavors.
What regulatory agency approved the acquisition? The Federal Trade Commission (FTC) approved the acquisition. Privacy, Security, Consumer AccessHow do ChoicePoint and the LexisNexis Group protect privacy? Both companies believe in the responsible use of information to help make the world a better place. The LexisNexis Group and ChoicePoint are leaders in the area of privacy protection and information security, a position the combined organization intends to maintain. Both companies leverage industry-standard practices which include access control software and methods that include vulnerability analysis, rigorous intrusion detection systems and regular penetration testing.
Both companies have a data privacy policy in place.
The LexisNexis Group has robust, multi-layered systems in place to protect our data. We use industry-standard access control software and methods that include vulnerability analysis, rigorous intrusion detection systems and regular penetration testing. We continue to refine these processes as threats evolve. ChoicePoint's privacy and information security framework is based on the following standards:
The integrity of the program is maintained through policies, procedures and guidelines, audit and compliance, and education and outreach. With the acquisition, we will be integrating our security systems with those of ChoicePoint's to ensure that we have the best security systems in place across the company. How have ChoicePoint and the LexisNexis Group enhanced their security recently?
Both the LexisNexis Group and ChoicePoint have implemented additional security processes and procedures to enhance security. Specific measures taken by the LexisNexis Group include:
Specific measures taken by ChoicePoint since 2005 include enhancements to privacy and information security framework in the following areas:
For additional information of the framework, please reference the following documents: ChoicePoint Privacy and Information Security Good Practices ChoicePoint Data Privacy and Security Checklist Is the information you maintain subject to existing laws and regulations? Yes. Statutes such as the Driver's Privacy Protection Act (federal and state equivalents), The Gramm-Leach-Bliley Act, and the Fair Credit Reporting Act (as amended by the Fair and Accurate Credit Transaction Act of 2003) regulate some of the personally identifiable information distributed on the LexisNexis® services. The LexisNexis Group diligently complies with the requirements of these laws. We are in the process of reviewing each company's privacy policies in order to create a single policy that takes into account the best practices of each. When this review is complete, we will release our revised privacy policy. Until that time, the current privacy policies of the LexisNexis Group and ChoicePoint products will remain in place. When do you expect to have this review completed? We are working on this and hope to have it completed by as quickly as possible. We will communicate any changes to the privacy policies well in advanced to customers, consumers and partners. Where do consumers go if they need to order a report about themselves?
For information on the LexisNexis Consumer Access Program, please visit: www.lexisnexis.com/privacy/
Further InformationFor media inquiries related to LexisNexis, please contact LexisNexis Corporate Communications at 800.227.9597 ext. 56044 or send a message using our LexisNexis online inquiries form. About LexisNexisLexisNexis® is a leading provider of information and business solutions to professionals in a variety of industries-legal, risk management, corporate, government, law enforcement, accounting, and academic. A member of Reed Elsevier Group PLC, the company does business with professionals in 100 countries with 13,000 employees worldwide. The LexisNexis Risk & Information Analytics Group delivers actionable intelligence to help clients make critical business decisions with confidence and speed. Building on the 30-year LexisNexis tradition as a trusted provider and custodian of quality information, we leverage cutting-edge technology, unique data, and advanced scoring analytics to provide total solutions for client needs. Our solutions are designed to serve the multi-billion dollar risk information industry, which includes professionals and organizations such as law enforcement, government agencies, financial services firms, collection agencies, insurance and health care providers, hiring managers, and others. ChoicePoint® provides businesses, government agencies and non-profit organizations with technology, software, information and marketing services to help manage economic and physical risks as well as identify business opportunities. Further InformationTo learn more about LexisNexis, including community and global initiatives, visit our corporate web site.
For information about the LexisNexis Risk & Information Analytics Group, visit
risk.lexisnexis.com. To learn more about ChoicePoint, visit their web site. Contact UsCustomers
For customer inquiries, please call 866-293-4236.
MarketplaceFor sales inquiries, call (800) 869-0751 or email a LexisNexis Representative. To learn more about our solutions for risk and information analytics online visit our web site. MediaFor media inquiries related to LexisNexis, please contact LexisNexis Corporate Communications at 800.227.9597 ext. 56044 or send a message using our LexisNexis online inquiries form. |
