LexisNexis Risk Solutions

Last updated
LexisNexis Risk Solutions
Company type Subsidiary
Industry Business Services
Founded1997;27 years ago (1997)
Headquarters Alpharetta, Georgia, U.S.
Key people
Mark Kelsey (CEO)
ProductsAdvanced Analytics; Compliance; Credit Risk; Customer Experience; Acquisition and Retention; Data Management; Identity Management; Fraud Prevention; Collections and Investigations
Number of employees
6,300 (2018) [1]
Parent RELX
Website risk.lexisnexis.com

LexisNexis Risk Solutions is a global data and analytics company that provides data and technology services, analytics, predictive insights, and fraud prevention for a wide range of industries. [2] It is headquartered in Alpharetta, Georgia (part of the Atlanta metropolitan area), and has offices throughout the U.S. and in Australia, Brazil, China, France, Hong Kong, India, Ireland, Israel, the Philippines, and the United Kingdom.

Contents

The company's customers include businesses within the insurance, financial services, healthcare and corporate sectors as well as local, state and federal government, law enforcement and public safety.

LexisNexis Risk Solutions operates within the Risk & Business Analytics market segment of RELX, a multinational information and analytics company based in London. [3]

Overview

Market segments

LexisNexis Risk Solutions operates in four market segments:

Portfolio

LexisNexis Risk Solutions provides customers with information-based analytics, decisioning tools and data management services that help customers remain compliant, reduce risk and improve operations. They serve multiple industries and sectors with specialized industry Data Services including ICIS, Cirium, Brightmine(formerly XpertHR), EGTM and Nextens. [4]

Technology

LexisNexis Risk Solutions uses HPCC Systems, also known as DAS (Data Analytics Supercomputer), extensively [5] —its software architecture runs from commodity computing clusters to provide high-performance, data-parallel processing for big data applications. The HPCC Systems platform includes a data refinery (Thor) and a rapid data delivery engine (ROXIE) that utilize the Enterprise Control Language (ECL). [6] LexisNexis Risk Solutions open-sourced the HPCC Systems platform in 2011, and has seen some success with the adoption of this platform by diverse entities, an example being GuardHat, which makes smart hard hats with embedded HPCC Systems technology.

History

A subsidiary of RELX (formerly Reed Elsevier), LexisNexis Risk Solutions first began as the Risk & Information Analytics Group (RIAG) within LexisNexis, a corporation offering legal database services. In 2000, Reed Elsevier acquired RiskWise and PeopleWise, which together became the basis of RIAG. [7] The creation of RIAG expanded LexisNexis offerings to include public records collections. In 2000, LexisNexis also launched HPCC Systems, its data-intensive computing system platform.

In 1994, Reed Business Information (later Reed Elsevier and now RELX),acquired ICIS-LOR thereby adding extensive price reporting on chemicals and oil to the Reed Business Information chemicals portfolio. [8]

LexisNexis Risk Solutions moved into Collections after Reed Elsevier acquired the public records businesses of Dolan Media Company in 2003. [9] That same year, the LexisNexis Special Services Inc. (LNSSI) was founded to provide government agencies with global sources of data fusion technology and analytics. LNSSI also granted Reed Elsevier the ability to participate in classified U.S. government programs as a foreign-owned entity.

In 2004, Reed Elsevier purchased Seisint Inc., based in Boca Raton, Florida. [10] Seisint housed and operated the Multistate Anti-Terrorism Information Exchange (MATRIX). [11]

In September 2008, Reed Elsevier purchased data aggregator ChoicePoint. [12] This acquisition included an insurance business and the C.L.U.E. database, an underwriting database for the U.S. auto insurance market. LexisNexis completed the migration of public records to HPCC Systems the same year. Reed assumed $600 million in debt with the acquisition. [13]

Launch

In September 2009, ChoicePoint was integrated with the Risk & Information Analytics Group (RIAG), and the combined new entity became LexisNexis Risk Solutions. In 2011, LexisNexis Risk Solutions was officially launched as a separate company within the Reed Elsevier portfolio.

Mark Kelsey was named CEO of LexisNexis Risk Solutions in December 2012. [14] Over the next two years the company purchased 12 companies, including WorldCompliance, Enclarity, Mapflow, Tracesmart, Wunelli and Health Market Science.

Divestiture

In January 2013, LexisNexis Risk Solutions announced it would sell its background screening business to the Palo Alto-based private equity firm Symphony Technology Group (STG). STG planned to combine LexisNexis screening with its portfolio company, First Advantage. [15]

Coplogic (2014)

In December 2014, LexisNexis Risk Solutions acquired Coplogic, a provider of citizen self-reporting software solutions to law enforcement agencies. The acquisition – which includes Coplogic’s technology, staff and book of business – adds a citizen incident reporting capability to the LexisNexis eCrash solution. [16]

Insurance Initiatives Ltd. (2016)

In July 2016, LexisNexis Risk Solutions acquired Insurance Initiatives Ltd. (IIL), a data distribution platform that extracts, hosts and processes large quantities of data to deliver information into the point-of-quote in the U.K.'s Property and Casualty Insurance industry. [17]

Appriss (2016)

In August 2016, LexisNexis Risk Solutions acquired the Crash and Project business group Appriss, a public safety business that provides technology solutions for the efficient collection of crash reports and electronic citations. LexisNexis will utilize the acquired technology within its LexisNexis Coplogic Solutions portfolio, a comprehensive electronic crash and incident reporting suite, to enhance its capabilities to provide a more complete solution to the law enforcement community. [18]

ThreatMetrix (2018)

RELX purchased ThreatMetrix, a digital identity and risk-based authenticator platform, in February 2018. [19]

Lumen (2019)

In May 2019, LexisNexis Risk Solutions purchased Lumen, an integrated data platform leveraged by public safety and law enforcement from Numerica Corporation. [20]

ID Analytics (2020)

In January 2020, LexisNexis Risk Solutions closed its acquisition of ID Analytics, a provider of fraud and credit risk solutions. [21] Previously ID Analytics was a NortonLifeLock company. [22] [23]

Emailage (2020)

In February 2020, LexisNexis Risk Solutions, announced that it would acquire Emailage, an Arizona-based fraud prevention and identity verification start-up for $500 million. [24] [25]

ICIS (2020)

In 2020, ICIS (Independent Commodity Intelligence Services) acquired Chemical Data LLC (CDI), a leading provider of US petrochemical price benchmarks, market analysis and predictive analytics that complement ICIS’ existing US market coverage. [26]

Brightmine (2024)

In April 2024, it was announced that XpertHR was to be renamed, Brightmine. [27] [28]

Governance

LexisNexis Risk Solutions is a subsidiary of RELX (tickers: RELX and REL.UK)

Corporate social responsibility

Missing children

U.S.

LexisNexis Risk Solutions developed the ADAM (Automated Delivery of Alerts on Missing children) program in 2000 to help the National Center for Missing & Exploited Children (NCMEC) find missing children. [29] ADAM distributes missing child alert posters to law enforcement, hospitals, libraries and businesses within specific geographic search areas. The system was expanded in 2017 to allow individuals to receive an email alert when a child is reported missing near to them. [30]

In 2017, a feature was added to ADAM to allow NCMEC to focus on a highway where a missing child and abductor may be travelling to distribute posters to recipients along the relevant corridor. Combining this filter along with the system's radius search allows for broad, yet targeted, poster coverage. Functionality was added to ADAM to allow members of the public to sign up for missing child email alerts in their area. More than 1.8 million individuals, private enterprises, hospitals, schools, news outlets and law agencies have signed up to receive automated ADAM alerts.

U.K.

In 2017, LexisNexis Risk Solutions began working with the charity Missing People and the UK National Crime Agency to support their Child Rescue Alert service, which disseminates missing alerts via text message. Along with Charlie Hedges Advisory (one of the U.K.’s foremost experts on missing persons), LexisNexis Risk Solutions and Missing People scoped a training course to assist law enforcement, schools, hospitals and others with missing cases, particularly those involving children who are abducted and/or trafficked. [31]

Food stamp fraud prevention

Since 2013, the Florida Department of Children and Families used LexisNexis Risk Solutions for its identity management solutions to prevent food stamp fraud and improve operational efficiencies, [32] achieving a total cost avoidance of more than $843.7 million.[ citation needed ]

Humanitarian emergency education

In 2017, LexisNexis Risk Solutions developed the Global Business Coalition for Education's Rapid Education Action (REACT) database to record private sector educational contributions and assets that can be deployed quickly in the wake of a humanitarian emergency.

Law enforcement

PSDE database

The Public Safety Data Exchange (PSDEX) is a contributory database that of more than 1,300 law enforcement agencies across the U.S. that was created by LexisNexis Risk Solutions. PSDEX helps its participants solve crimes, identify threats and anticipate future threats. LexisNexis Risk Solutions created an Advisory Committee to advise on policy and governance of PSDEX data, to help assure adherence to federal Criminal Justice Information Services (CJIS), state and local standards for security and privacy of law enforcement-provided data. The PSDEX Advisory Committee is composed of former Federal Bureau of Investigation (FBI), Secret Service, metropolitan police department and other criminal justice experts, in partnership with LexisNexis Risk Solutions leaders.

LexisNexis Accurint Virtual Crime Center

The LexisNexis Accurint Virtual Crime Center gives law enforcement “greater visibility into crime in both their jurisdictions and nationwide by linking billions of public records with agency-provided data.” It links to PSDEX and brings together disconnected data to provide a more comprehensive view of people's identities so that law enforcement agencies can better target investigations, identify patterns, predict upcoming events and deploy resources more efficiently.

COVID-19

COVID-19 analyzer

In April, 2020, LexisNexis Risk Solutions created a free tracking tool [33] to monitor and report the progress of the COVID-19 virus and provide better contextual understanding of the pandemic's evolution. Using data from Johns Hopkins University (daily cases and deaths), the US Census Bureau (US population) and the UN DESA (world population), the tracker provides metrics and analysis for locations across the globe, with maps that drill down to country and regional levels, helping to understand how the virus is propagating. [34]

In July 2020, researchers from Florida Atlantic University's College of Engineering and Computer Science in collaboration with LexisNexis Risk Solutions, received a grant for Rapid Research (RAPID) [35] from the National Science Foundation to develop a model of COVID-19 spread using innovative big data analytics techniques and tools. The project leverages prior experience in modeling Ebola spread to successfully model the spread of COVID-19. [36]

COVID-19 Data Resource Center

The Health Care segment of LexisNexis Risk Solutions announced in April 2020 the launch of a free COVID-19 Data Resource Center to provide county-level insights on at-risk populations and potential care capacity gaps to support the U.S. healthcare industry's response to the COVID-19 pandemic. By combining its own data and analytics with those of other industry stakeholders, the company created insights to be used by healthcare organizations, public health officials and health researchers to help allocate resources to the populations with the greatest need. [37] The COVID-19 Data Resource Center features heat maps with insights that identify at-risk populations and correlated gaps in provider coverage. Each county is assigned a percentile rank on a scale of 0 (low-risk) to 100 (high-risk) across various parameters. The map is updated regularly to quickly address the care needs of the community. In June 2020, the group added national telehealth trending insights to its COVID-19 Data Resource Center to show exponential growth of telehealth adoption resulting from the COVID-19 pandemic. [38]

See also

Related Research Articles

Wexis is a humorous portmanteau used to refer to the alleged duopoly of publishing conglomerates that dominate the U.S. legal information services industry – namely, West Publishing and LexisNexis.

RELX plc is a British multinational information and analytics company headquartered in London, England. Its businesses provide scientific, technical and medical information and analytics; legal information and analytics; decision-making tools; and organise exhibitions. It operates in 40 countries and serves customers in over 180 nations. It was previously known as Reed Elsevier, and came into being in 1993 as a result of the merger of Reed International, a British trade book and magazine publisher, and Elsevier, a Netherlands-based scientific publisher.

LexisNexis is an American data analytics company headquartered in New York, New York. Its products are various databases that are accessed through online portals, including portals for computer-assisted legal research (CALR), newspaper search, and consumer information. During the 1970s, LexisNexis began to make legal and journalistic documents more accessible electronically. As of 2006, the company had the world's largest electronic database for legal and public-records–related information. The company is a subsidiary of RELX.

<span class="mw-page-title-main">Motorola Solutions</span> American data communications and telecommunications equipment provider

Motorola Solutions, Inc. is an American technology, communications, and security company, headquartered in Chicago, Illinois. It is the legal successor of Motorola, Inc., following the spinoff of the mobile phone division into Motorola Mobility in 2011.

Martindale-Hubbell is an information services company to the legal profession that was founded in 1868. The company publishes the Martindale-Hubbell Law Directory, which provides background information on lawyers and law firms in the United States and other countries. It also published the Martindale Hubbell Law Digest, a summary of laws around the world. Martindale-Hubbell is owned by consumer website company Internet Brands.

<span class="mw-page-title-main">Hank Asher</span> American businessman (1951-2013)

Hank Asher was a businessman who founded several data fusion and data mining companies that compile information about companies, individuals and their interrelationships from thousands of different electronic databases. He was known by industry insiders as "the father of data fusion."

R. R. Bowker LLC is an American limited liability company domiciled under Delaware Limited Liability Company Law and based in Chatham, New Jersey. Among other things, Bowker provides bibliographic information on published works to the book trade, including publishers, booksellers, libraries, and individuals; its roots in the industry trace back to 1868. Bowker is the exclusive U.S. agent for issuing International Standard Book Numbers (ISBNs). Bowker is the publisher of Books in Print and other compilations of information about books and periodical titles. It provides supply chain services and analytical tools to the book publishing industry. Bowker is headquartered in Chatham, New Jersey, with additional operational offices in England and Australia. It is now owned by Cambridge Information Group.

Cortera, headquartered in Boca Raton, Florida, U.S., is a provider of credit information on businesses and corporations. The company provides business information with a database containing a number of private and public U.S. companies, analytics about each of those companies, and workflow software.

<i>Construction Law Journal</i>

Construction Law is a monthly English-language journal providing news and articles on the construction industry. The journal is written for the non-legal professional involved in contractual and other legal matters in the industry. The journal is owned by LexisNexis which is part of Reed Elsevier.

NetDocuments is a cloud-based document, email, and records management service.

<span class="mw-page-title-main">Pentaho</span> Business intelligence software

Pentaho is the brand name for several Data Management software products that make up the Pentaho+ Data Platform. These include Pentaho Data Integration, Pentaho Business Analytics, Pentaho Data Catalog, and Pentaho Data Optimiser.

Thompson Media Group, LLC, originally established as Thompson Publishing Group, Inc. was founded in 1972 by Richard E. Thompson. Thompson Media Group is an American privately held media company that specializes in providing compliance, regulatory, and market information through its four operating units: Thompson Information Services, The Performance Institute & American Strategic Management Institute, AHC & BioWorld, and Sheshunoff Information Services, A.S. Pratt, & Alex Information. Thompson Media Group, LLC, is based in Washington, DC. Thompson Media Group LLC established their name during reorganization in 2011.

<span class="mw-page-title-main">Bloomberg Law</span> Online legal research service

Bloomberg Law is a subscription-based service that uses data analytics and artificial intelligence for online legal research. The service, which Bloomberg L.P. introduced in 2009, provides legal content, proprietary company information and news information to attorneys, law students, and other legal professionals. More specifically, this commercial legal and business technology platform integrates Bloomberg Law News with Bloomberg Industry Group's primary and secondary legal content and business development tools.

<span class="mw-page-title-main">CoreLogic</span> American business data company

CoreLogic, Inc. is an Irvine, CA based leading information services provider of financial, property, and consumer information, analytics, and business intelligence. The company analyzes information assets and data to provide clients with analytics and customized data services. The company also develops proprietary research, and tracks current and historical trends in a number of categories, including consumer credit, capital markets, real estate, fraud, regulatory compliance, natural hazards, and disaster projections. The company reported a full 2020 revenue of $1.6 billion. As of 2021, CoreLogic is a Fortune 1000 company.

ECL is a declarative, data-centric programming language designed in 2000 to allow a team of programmers to process big data across a high performance computing cluster without the programmer being involved in many of the lower level, imperative decisions.

HPCC, also known as DAS, is an open source, data-intensive computing system platform developed by LexisNexis Risk Solutions. The HPCC platform incorporates a software architecture implemented on commodity computing clusters to provide high-performance, data-parallel processing for applications utilizing big data. The HPCC platform includes system configurations to support both parallel batch data processing (Thor) and high-performance online query applications using indexed data files (Roxie). The HPCC platform also includes a data-centric declarative programming language for parallel data processing called ECL.

Law360 is a subscription-based, legal news service based in New York City. It is operated by Portfolio Media, Inc., a subsidiary of LexisNexis and delivers breaking news and analysis to more than 2 million U.S. legal professionals across 60 practice areas, industries and topics, including a free section dedicated to Access to Justice, which reports on "access of individuals and disadvantaged populations to adequate, equitable, and essential criminal and civil justice systems as well as the noteworthy initiatives and individuals who promote such a cause."

Lex Machina, Inc. is a company that provides legal analytics to legal professionals. It began as an IP litigation research company and is now a division of LexisNexis. The company started as a project at Stanford University within the university's law school and computer science department before launching as a startup in Menlo Park, California. Lex Machina provides a SaaS product to legal professionals to aid in their practice, research, and business.

Ravel Law is a startup which offers free access to computer-assisted legal research. The firm has funded a major scanning project at the Harvard Law School library known as "Free the Law". The project aims to have the full collection of 40 million pages digitized by 2017. According to the initial announcement, access to the library during the first eight years will be granted to non-profit organizations and partners of Ravel Law before completely opening to the public. Ravel Law was acquired by RELX to be part of the LexisNexis suite of tools in June, 2017.

The ADAM Automated Delivery of Alerts on Missing Children Program, commonly known as the ADAM Program, is an alert system that is used to help recover missing children throughout the United States. In 1981 Adam Walsh, son of John and Revé Walsh, went missing. His parents set up the National Center for Missing & Exploited Children (NCMEC) in 1984 and later partnered with LexisNexis Risk Solutions who developed and donated the alert system program to NCMEC, which was named in honour of Adam Walsh. The program has been operating since 2000.

References

  1. ↑ "US SEC: Form 20-F Relx Group". U.S. Securities and Exchange Commission . Retrieved Jan 11, 2019.
  2. ↑ "About LexisNexis Risk Solutions". Bloomberg. Retrieved 17 April 2019.
  3. ↑ "RELX Annual Report" (PDF). RELX. Retrieved 17 April 2019.
  4. ↑ https://risk.lexisnexis.co.uk/ [ bare URL ]
  5. ↑ Archived at Ghostarchive and the Wayback Machine : "HPCC". SAIConference. 14 December 2016. Retrieved 17 April 2019.
  6. ↑ "LexisNexis Touts HPCC's Benefits Over Hadoop". Datanami. 18 June 2013. Retrieved 17 April 2019.
  7. ↑ Jones, Dow (3 June 2000). "Reed Elsevier Acquire RiskWise". The New York Times. Retrieved 17 April 2019.
  8. ↑ "History of ICIS".
  9. ↑ "LexisNexis to Buy Dolan Media Records". Huron Daily Tribune. 26 June 2003. Retrieved 17 April 2019.
  10. ↑ "Reed Elsevier's LexisNexis Acquires Seisint for $775 Million". Spectrum Equity. Retrieved 17 April 2019.
  11. ↑ "Privacy Backers Eye Matrix's Power - CBS News". www.cbsnews.com. 2004-05-20. Retrieved 2024-07-01.
  12. ↑ "Reed Elsevier to acquire ChoicePoint for $3.6 billion (Published 2008)". The New York Times. 2008-02-21. Retrieved 2024-03-04.
  13. ↑ Toby Anderson. "Reed Elsevier buys ChoicePoint for $4.1 billion in cash". MetroWest Daily News. Associated Press. Retrieved 2024-03-04.
  14. ↑ "LexisNexis Risk Solutions names new CEO". Dayton Daily News. Retrieved 17 April 2019.
  15. ↑ "Symphony Technology Group to Acquire the LexisNexis Screening Business from Reed Elsevier". STG. 17 January 2013. Retrieved 17 April 2019.
  16. ↑ Haas, Regina (4 December 2014). "LexisNexis Acquires Coplogic, Adds Citizen Incident Reporting Capability to eCrash Solution" . Retrieved 9 June 2023.
  17. ↑ "LexisNexis Risk Solutions acquires Insurance Initiatives". FinExtra. 20 July 2016. Retrieved 17 April 2019.
  18. ↑ Shabbir, Syed (8 August 2016). "LexisNexis Risk Solutions Completes Acquisition of Crash and Project business group of Appriss". FinExtra. Retrieved 9 June 2023.
  19. ↑ "RELX Acquires ThreatMetrix". TechCrunch. 29 January 2018. Retrieved 17 April 2019.
  20. ↑ "LexisNexis Risk Solutions Announces ThreatMetrix Acquisition Close" (Press release).
  21. ↑ Kobialka, Dan (2020-01-13). "LexisNexis Acquires NortonLifeLock's ID Analytics Business -". MSSP Alert. Retrieved 2024-06-24.
  22. ↑ "LexisNexis Risk Solutions Announces ID Analytics Acquisition Close".
  23. ↑ "Relx snaps up ID Analytics for $375 million". Reuters. 13 January 2020. Retrieved 11 July 2024.
  24. ↑ Chernova, Yuliya (3 February 2020). "LexisNexis Parent to Pay About $500 Million for Arizona Startup Emailage". The Wall Street Journal . Retrieved 24 June 2024.
  25. ↑ "LexisNexis Risk Solutions Announces Emailage Acquisition Close".
  26. ↑ "History of ICIS". icis.shorthandstories.com. Retrieved 2024-07-11.
  27. ↑ Webber, Ashleigh (17 April 2024). "XpertHR becomes Brightmine in strategic rebrand". Personnel Today.
  28. ↑ "XpertHR Announces Strategic Change to Brightmine". Yahoo Finance. 2024-04-17. Retrieved 2024-07-11.
  29. ↑ "Finding Missing Kids is Mission of Georgia-Based Company". 29 May 2018.
  30. ↑ Archived at Ghostarchive and the Wayback Machine : "ADAM: Cutting Edge Technology". YouTube. 16 May 2017.
  31. ↑ Mills, Ella (2022-10-26). "LexisNexis Risk Solutions – celebrating our partnership". Missing People. Retrieved 2024-07-01.
  32. ↑ Kolbasuk McGee, Marianne (9 June 2014). "Florida Fights Fraud with Authentication". www.govinfosecurity.com. Retrieved 2024-07-01.
  33. ↑ https://covid19.hpccsystems.com/ [ bare URL ]
  34. ↑ HPCC Systems Blog, July 20, 2020 https://hpccsystems.com/blog/COVID-19-Is-there-a-better-way-to-tell-the-story
  35. ↑ Rapid Research (RAPID)
  36. ↑ Big Data Analytics Enables Scientists to Model COVID-19 Spread, Giselle Galoustian, FAU News Desk, July 14, 2020 https://www.fau.edu/newsdesk/articles/big-data-analytics-covid.php
  37. ↑ LexisNexis Risk Solutions Launches COVID-19 National Data Resource Center, April 22, 2020, PR Newswire https://www.prnewswire.com/news-releases/lexisnexis-risk-solutions-launches-covid-19-national-data-resource-center-301045286.html
  38. ↑ LexisNexis Risk Solutions Publishes Telehealth Statistics via COVID-19 Data Resource Center; Executive Biz, June 18, 2020 https://blog.executivebiz.com/2020/06/lexisnexis-risk-solutions-publishes-telehealth-statistics-via-covid-19-data-resource-center-josh-schoeller-quoted/
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.