DealMarket, a leading and award-winning one-stop-shop for Private Equity, and LexisNexis®, a leading provider of content and technology solutions, today announced a strategic partnership that will provide integrated access to the industry leading Lexis® Diligence platform from within DealMarket's acclaimed DealMarketSTORE.
Market participants are demanding better service and cost control and DealMarket offers an online store providing private equity buyers, sellers and advisors with on-demand financial services – a one-stop-shop designed by Private Equity professionals for Private Equity professionals.
Available from today, users of DealMarketSTORE will be able to launch comprehensive pay-as-you-go due diligence checks into their counterparties using the Lexis Diligence platform.
Lexis Diligence pulls together multiple categories of premium business intelligence and makes them available through a single search, e.g. background checks. Searches are run against a global news archive of over 23,000 news sources from international, national and regional newspapers, journals, blogs and newswires; over 150 databases of premium Company Information databases; Sanctions, Politically Exposed Person & Watchlists; and international Legal History. All searches are time & date-stamped providing an audit trail to help investors demonstrate professional due diligence has been conducted.
"We are excited by the opportunity for our clients created by this alliance," said Urs Haeusler, CEO of DealMarket. "Lexis Diligence has more than ten years of development behind it and is used widely already in the Compliance functions of many large businesses. This partnership with LexisNexis will make it easier for our clients to comply with their regulatory obligations. The DealMarket platform is easy to use, cost effective and secure; providing access, choice and control across the investment cycle, especially in the field of due diligence services/processes."
"We believe this partnership represents a great opportunity to get the Lexis Diligence capability into the hands of investors who need to perform low volumes of AML and KYC checks" said James Ritchie, Head of Strategic Alliances at LexisNexis International. "DealMarket has been selected as the Global Private Equity Platform for the last two years by Corporate LiveWire and we are excited to be working together."
About LexisNexis Legal & Professional
LexisNexis Legal & Professional (www.lexisnexis.com) 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.
DealMarket is a global online platform enabling Private Equity buyers, sellers, and advisors to maximize opportunities around the world – a one-stop-shop for Private Equity professionals. DealMarket counts more than 60,000 users, over 3,000 deals & service providers are listed on the platform.
DealMarket's offering includes:
- DealMarketPLACE, an unfiltered view of the global deal and advice marketplace (free and premium version available).
- DealMarketSTORE offers affordable access to industry-leading third-party information and services on demand.
- DealMarketOFFICE is a state-of-the-art Deal Flow management and deal exchange tool, helping Private Equity investors and networks capture, store, manage and share their Deal Flow more efficiently.
Headquartered in Zurich, Switzerland, DealMarket was voted the "Best Global Private Equity Platform for 2012 and 2013" by Corporate Livewire.
Notes to Editors
Further information – including access to DealMarket Place PRO and a video tutorial of how to use DealMarket Place – is available at www.DealMarket.com including product description PDFs that detail services and prices.
Contact: Alexander Groschup at DealMarket
Tel: +41 43 888 75 33
Contact: James Ritchie at LexisNexis
Tel: +44 (0)20 7400 2515