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| Factiva and LexisNexis Sign Exclusive Agreement |
| Author: | Factiva |
| Date: | Tuesday, 12th Oct 2004 16:25 |
| Views: | 2,645 (excluding Digests and RSS feeds) |
| Category: | Financial - company results, new customers, etc. | | URL: | http://www.vivavip.com/go/w395 |
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October 12, 2004
Factiva and LexisNexis Sign Exclusive Agreement to Provide Business News and Information to Global Legal Market
NEW YORK--(BUSINESS WIRE)--Oct. 12, 2004--Factiva(R), a Dow Jones and Reuters Company and a leading global news and business information provider, and LexisNexis Group, a leading global legal news and information services and products provider, today announced that LexisNexis(R) will provide Factiva's world-class global content collection to legal professionals at law firms worldwide.
Beginning March 1, 2005, LexisNexis will provide Factiva content on an exclusive basis to law firms including those in the United States, Canada, the UK, France, Germany, Australia, New Zealand, Japan and Singapore, as well as courts; state/ provincial and local governments; and law, tax and accounting schools in the United States and Canada.
The agreement allows LexisNexis to expand its well-known current news and business information offerings, totaling approximately 20,000 global sources, to its attorney customers with unique content available only through Factiva, including Dow Jones and Reuters newswires, as well as 9,000 other sources from around the world. For the first time, LexisNexis users at law firms will enjoy access to the full text of The Wall Street Journal, a critical information source for legal researchers.
LexisNexis provides online legal research services to a large portion of the global legal market including most of the top 250 law firms in the United States and Canada, as well as sole practitioners, law students and courts. In addition, LexisNexis has a leading online and publishing presence in Australia, France and the UK.
"Factiva and LexisNexis clearly complement each other in the legal market," said Clare Hart, president and CEO of Factiva. "The availability of thousands of authoritative sources, including The Wall Street Journal and Dow Jones and Reuters newswires, combined with authoritative legal, news, business and public records content from LexisNexis, will provide legal professionals with the most comprehensive collection of business news and information available anywhere. By working with Factiva, LexisNexis will give its legal customers a competitive edge."
The agreement provides legal practitioners around the globe with integrated access to a full-spectrum legal research system together with an enhanced premier business news service. Legal professionals, librarians and para-professionals in law firms and court systems will be able to use the familiar LexisNexis interface to search a much broader range of today's leading business news sources including those from Factiva and to receive automatic updates on news about subjects of special interest. LexisNexis will begin informing law firm customers in the United States and other countries how they can establish access to Factiva content via LexisNexis as of March 1.
"LexisNexis continues to enhance its core online legal research business, and this exclusive alliance with Factiva brings even greater breadth and depth to our total research system for lawyers," said Andy Prozes, chief executive officer, LexisNexis Group, and member of the Reed Elsevier board of directors. "No matter where our customers are in the world, we feel confident they will acknowledge and embrace the information sources Factiva brings to LexisNexis and a successful law practice."
The terms of the agreement were not disclosed.
About Factiva
Factiva(R), a Dow Jones and Reuters Company, provides world-class global content, including Dow Jones and Reuters newswires and The Wall Street Journal - unduplicated in a single service elsewhere. Factiva offers the only single content solution with multiple language interfaces and multilingual content covering 9,000 sources.
Factiva's products and services help companies integrate news and business information into their daily workflow to increase organizational intelligence and leverage external and internal content within the knowledge management function. Factiva's content management and integration services are used by leading organizations around the world.
Built on industry standards and open architecture, Factiva products deliver flexible, extensible, customisable solutions to enable easy integration and use in the enterprise. Editorial and technical consulting, taxonomy application, integration expertise and e-learning programs reflect Factiva's innovative approach to delivering solutions beyond the content.
For more information visit: www.factiva.com/press.
About LexisNexis
LexisNexis Group (www.lexisnexis.com) is a global leader in comprehensive and authoritative legal, news and business information and tailored applications. A member of Reed Elsevier Group plc (NYSE: ENL; NYSE: RUK) (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.
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