LexisNexis Acquires Moreover Technologies
23 Oct 2014 12:00 am by Rebecca Gillingham
October 20, 2014 — NEW YORK – 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 analyze large volumes of news, legal and social media data to help them understand key market trends. It also highlights how their organizations 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, analyze 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 analyze and deliver information in multiple ways across an organization."
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.
"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."
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 175 countries with 10,000 employees worldwide.
Business Insight Solutions (BIS) is a business unit within LexisNexis® Legal & Professional serving companies and organizations 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.