LexisNexis U.S. to Buy Dolan Media's Public-Records BusinessesLexisNexis U.S., a legal, news and business information services provider, said yesterday that it agreed to acquire the public-records businesses of Dolan Media Co.
Dolan Media, Minneapolis, provides electronic public-records information including bankruptcies, civil judgments, federal and state tax liens and eviction notices. LexisNexis U.S., Dayton, OH, is a member of Reed Elsevier Group plc.
Financial terms are not being disclosed. The agreement is subject to regulatory review in the United States.
Dolan's public-records businesses, with 180 employees, specialize in large-scale and rapid gathering of public-record data. It offers Banko, a bankruptcy database; Acollaid, serving the credit-management industry; and ClickData, an Internet distributor of Dolan Media data to the direct marketing industry.
LexisNexis U.S. employs 9,000 among its Dayton and Minnesota locations as well as branch offices across the country. The acquired businesses will become part of the LexisNexis Risk Management business of the Corporate and Federal Markets division, which includes RiskWise and PeopleWise.
LexisNexis RiskWise services are used by financial, telecommunications, retail, Internet and insurance companies.