LexisNexis Acquires Sheshunoff and A.S. Pratt
NEW YORK (May 22, 2013)—LexisNexis Legal & Professional, a leading provider of content and technology solutions, today announced that, together with Reed Elsevier Properties SA, it has acquired the acclaimed publishing brands and businesses of Sheshunoff and A.S. Pratt from the Thompson Media Group. Financial details of the transaction are not being disclosed.
Widely known for its “how to” guides for compliance professionals, the Sheshunoff collection of publications includes more than 100 titles offering expert information critical for the financial services industry with a strong focus on federally regulated banking and credit union lending activities. The A.S. Pratt collection has established itself as the “gold standard” of analytical content for the banking and commercial practice areas and includes 40 industry-leading titles covering key legal and regulatory issues – including respected treatises, journals and newsletters such as theBanking Law Journal, Pratt’s Letter, Brady on Bank Checks, Clark’s The Law of Secured Transactions, and others.
“Sheshunoff and A.S. Pratt are highly valued brands that have built a trusted reputation by featuring some of the country’s most respected and recognized legal authorities,” said Bob Romeo, CEO, Research & Litigation Solutions at LexisNexis. “The addition of this trusted practice area content to our portfolio, and our ability to offer them through multiple channels further cements the status of LexisNexis as a premier provider of holistic banking and compliance information and analytical content.”
Both collections will continue to be offered in print format. Additionally, LexisNexis intends to enhance the value of these critical titles by offering them through digital channels, including aseBooks and online.
“We are thrilled that the two collections have found a home under the roof of such a strong, growing and longstanding business with the technology, resources and expertise to greatly expand their reach and accessibility,” said Jim Still, President and CEO of Thompson Media Group. “Customers will also benefit from access to the Sheshunoff and A.S. Pratt collections within the context of the greater LexisNexis portfolio of banking and compliance information for a complete selection from one source.”
The acquisition of Sheshunoff and A.S. Pratt is part of the LexisNexis commitment to continuously enhance and expand its legal and business content in targeted areas, enabling customers to work more efficiently and confidently, and achieve better outcomes for their businesses and clients. Recent key acquisitions in the past year include the addition of Law360® legal news andKnowledge Mosaic® securities content and services in 2012 and Oxford University Press intellectual property titles in March of this year.
About LexisNexis Legal & Professional
LexisNexis Legal & Professional is a leading global provider of content and technology solutions that enable professionals in legal, corporate, tax, government, academic and non-profit organizations to make informed decisions and achieve better business outcomes. As a digital pioneer, the company was the first to bring legal and business information online with its Lexis and Nexis services. Today, LexisNexis Legal & Professional harnesses leading-edge technology and world-class content, to help professionals work in faster, easier and more effective ways. Through close collaboration with its customers, the company ensures organizations can leverage its solutions to reduce risk, improve productivity, increase profitability and grow their business. Part of Reed Elsevier, LexisNexis Legal & Professional serves customers in more than 100 countries with 10,000 employees worldwide.
About Reed Elsevier Properties SA
Reed Elsevier Properties SA is a center of excellence within Reed Elsevier for the management, development and protection of intellectual property. Reed Elsevier Properties SA owns a range of databases, publications and trademarks which include The Lancet, Reaxys, PharmaPendium, Targetinsights and World Travel Market. Such assets are owned and protected by Reed Elsevier Properties SA and used under license.
About Sheshunoff Information Services
Both the Sheshunoff and A.S. Pratt collections are offered through Sheshunoff Information Services, owned by Thompson Media Group. Sheshunoff has been serving the information, knowledge, and training needs of financial institution professionals for more than 35 years. It leads the market with its actionable guidance in the areas of regulatory compliance, eLearning, operations and management, providing a wide array of books, training, newsletters, web libraries, and work solutions by the country’s foremost experts in the financial services industry.
Source: Press Release