Press Release: LexisNexis & Diligencia

07 Aug 2017 12:00 am by Mark Dunn

LexisNexis® Expands Company Coverage for Middle East and North Africa

NEW YORK, July 2017 — LexisNexis® —a leading provider of content and technology solutions—has entered into a content agreement with Diligencia, a respected provider of company information for the Middle East and North Africa (MENA) region, including Iran.

Recognising that our customers need trusted, reliable company information to take advantage of emerging opportunities—while also mitigating compliance risk—LexisNexis selected Diligencia because of content quality. These company profiles are compiled from original source material in the local language of registration, and are based exclusively on official sources such as government ministries, licensing authorities and official gazettes.  They include registered addresses and contact details, date of incorporation, share capital, registered directors, shareholders, subsidiaries and licensed activities.

The added content addresses several challenges that organisations face when conducting due diligence or business intelligence investigations of companies in the MENA region. Rather than undertaking a lengthy process of requesting and referencing official sources such as the Ministry of Trade registry office, the General Authority for Foreign Investment (GAFI) and official gazettes as would be the case in Egypt —in just a few clicks, companies benefit from comprehensive corporate profiles enabling users to quickly map ownership structures to identify related holdings, subsidiaries and investments of corporate entities across the MENA region.

"LexisNexis continues to proactively develop strategic content agreements to support the changing requirements of our customers. We are pleased to further enhance our content coverage to help our customers mitigate their changing regulatory, financial, reputational and strategic risks' Mark Dunn, Segment Leader Entity Due Diligence and Monitoring, LexisNexis Business Insight Solutions.

"Diligencia commit to providing a clear view of the facts in territories where public information is not readily available. We welcome the opportunity to extend these services to the LexisNexis community and provide this information as a solid foundation for their decision-making in the emerging markets." Patrick Lord, Managing Partner, Diligencia Group.

About Diligencia Group

Diligencia is the most sought after service provider of company information in the Middle East & North Africa region. Established in 2008 with headquarters in Oxford, England Diligencia operates offices in Morocco and the UAE maintains a team of researchers and curators of hard facts, operating in territories where public information is not readily available. The proprietary company information provider compiles corporate profiles from official and original source material in the local language of registration—data critical to compliance teams, business intelligence professionals and credit agencies to support more informed decisions.