LexisNexis Acquires Moreover Technologies
Combined resources will create a next-generation, current awareness and enterprise distribution solution with unmatched content and analytical tools
NEW YORK, 20 October, 2014 – LexisNexis® Legal & Professional, a leading provider of content and technology solutions, today announced that it has acquired Moreover Technologies, Inc., a leading global content delivery service and provider of consolidated current awareness and media management solutions. Financial details of the transaction were not disclosed.
News monitoring and distribution is a large and growing, global market segment. It offers corporations, law firms and government institutions content and analytical tools to aggregate, monitor and analyse large volumes of news, legal and social media data to help them understand key market trends. It also highlights how their organisations are perceived, the actions of competitors and suppliers, changes to political, legal and regulatory landscape, and other events that could impact them or their clients.
“This is a very exciting announcement for LexisNexis, Moreover, and our customers. Up to now, there has not been a singular resource to comprehensively gather, analyse and share all the information needed to track current events that impact a business,” said Tom Ogburn, managing director, Global Business Insight Solutions at LexisNexis. “With Moreover, there will be a new, state-of-the-art solution from LexisNexis that provides access to an unmatched, comprehensive suite of content, via an easy-to-use interface with tools to analyse and deliver information in multiple ways across an organisation.”
Moreover is a leading, media management company with a strong emphasis on providing web, social media and broadcast content. Its Newsdesk product offers customers a comprehensive media monitoring, current awareness and content rights management platform. In addition, Moreover offers content to customers and partners through Metabase and Search Engine Toolkit, which are application programming interfaces (APIs) that enable customers to integrate Moreover content into their systems, products and workflows. Together, these Moreover solutions deliver nearly 4m articles daily from 100 countries and in 75 languages.
With more than 300,000 new articles added daily from 28,000 sources across 150 countries, LexisNexis is a leading, global resource for licensed news and business content. LexisNexis news and business information is currently available through the flagship Nexis®, Lexis Advance® and Lexis® solutions or via LexisNexis® Publisher, which offers current awareness capabilities using a newsletter tool.
In 2015, these respective strengths will be combined to create LexisNexis Newsdesk, a current awareness solution offering professionals a comprehensive suite of news, web content, business information, social media, broadcast media; as well as powerful delivery, integration and analytical capabilities – all from one solution.
“Becoming part of LexisNexis is a winner for Moreover and for our customers for two big reasons,” said Paul Farrell, President at Moreover. “First, the combination of our web-based media content and services with licensed news and information from LexisNexis creates an unbeatable resource for customers that will save time and help them quickly arrive at more informed decisions; and second, the assets, expertise and reach of LexisNexis, combined with Moreover world-class product development and technology, will enable us to enhance and grow our offering around the globe.”
Beyond content, LexisNexis Newsdesk will feature an easy-to-use interface with mobile and multi-lingual capabilities, enterprise distribution and rights management options, newsletter and alert technology. It will also allow customers to aggregate specified owned and licensed content, enable direct integration into users’ workflow and offer trend analytics – giving users the ability to measure perception, analyse information and share their insights quickly and easily.
In the near term, new and existing Newsdesk customers will be able to subscribe to LexisNexis licensed content, which can be accessed via Newsdesk. In 2015, additional content from LexisNexis will be directly integrated into LexisNexis Newsdesk, along with additional capabilities. LexisNexis customers will now have an unprecedented suite of current awareness solutions, which includes LexisNexis Publisher and LexisNexis Newsdesk.
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 organisations 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 organisations 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 175 countries with 10,000 employees worldwide.
Business Insight Solutions (BIS) is a business unit within LexisNexis® Legal & Professional serving companies and organisations of all sizes in the US, Europe and Pacific regions, offering premier news, corporate information and public records through a portfolio of solutions, including the flagship and award-winning Nexis®. This unique combination of market-leading content and innovative technology helps business professionals make more insightful decisions by offering them quick and easy access to the latest news, facts and insights regarding their brand, clients, prospects, competitors, suppliers and industry trends.
About Reed Elsevier
Reed Elsevier Group plc is a world leading provider of professional information solutions. The group employs approximately 28,000 people of whom half are in North America. Reed Elsevier Group PLC is owned equally by two parent companies, Reed Elsevier PLC and Reed Elsevier NV; the combined market capitalization of the two parent companies is approximately £19bn / €24bn. Its shares are traded on the London, Amsterdam and New York Stock Exchanges using the following ticker symbols: London: REL; Amsterdam: REN; New York: RUK and ENL.
About Moreover Technologies, Inc.
Moreover’s award-winning news distribution, research, and sharing tools deliver the power of relevant insight and information. With daily access to 4million news articles and social media posts from millions of editorially vetted sources across 100+ countries, 75+ languages and 800+ searchable industry categories, Moreover is the ideal source for media monitoring, market research, competitive business intelligence, brand insight, and content sharing. Founded in 1998, Moreover’s client list includes Shell Oil, BP, Citigroup, IBM, Alcatel-Lucent, BBC, Simon & Schuster, Sony and Grant Thornton.
Reed Elsevier Media Contacts
Marc Osborn, LexisNexis
(206) 240 2813
Moreover Media Contacts
Sandi Brown, Moreover
(727) 824 8889