|Type||Public limited company|
|Industry||Information and analytics|
|Headquarters||London, England, UK|
|Products||Information and data analytics, academic and business publishing, exhibitions|
|Revenue||£7.110 billion (2020)|
|£1.525 billion (2020)|
|£1.208 billion (2020)|
|Total assets||£14.145 billion (2020)|
|Total equity||£2.101 billion (2020)|
Number of employees
RELX (pronounced "Rel-ex", sometimes written RElX) is a Britishmultinational 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 1992 as a result of the merger of Reed International, a British trade book and magazine publisher, and Elsevier, a Netherlands-based scientific publisher.
The company is publicly listed, with shares traded on the London Stock Exchange, Amsterdam Stock Exchange and New York Stock Exchange (ticker symbols: London: REL, Amsterdam: REN, New York: RELX). The company is one of the constituents of the FTSE 100 Index, Financial Times Global 500 and Euronext 100 Index.
The company, which was previously known as Reed Elsevier, came into being in 1992, as a result of the merger of Reed International, a British trade book and magazine publisher, and Elsevier, a Netherlands-based scientific publisher.The company re-branded itself as RELX in February 2015.
In 1895, Albert E. Reed established a newsprint manufacturing operation at Tovil Mill near Maidstone, Kent.The Reed family were Methodists and encouraged good working conditions for their staff in the then-dangerous print trade.
In 1965 Reed Group, as it was then known, became a conglomerate, creating its Decorative Products Division with the purchase of Crown Paints, Polycell and Sanderson's wallpaper and DIY decorating interests.
In 1970, Reed Group merged with the International Publishing Corporation and the company name was changed to Reed International Limited.The company continued to grow by merging with other publishers and produced high quality trade journals as IPC Business Press Ltd and women's and other consumer magazines as IPC magazines Ltd.
In 1985 the company decided to rationalise its operations, focusing on publishing and selling off its other interests. Sanderson was sold to WestPoint Pepperell, Inc. of Georgia, United States, that year,while Crown Paint and Polycell were sold to Williams Holdings in 1987. The company's paper and packaging production operations were bundled together to form Reedpack and sold to private equity firm Cinven in 1988.
In 1880, Jacobus George Robbers started a publishing company called NV Uitgeversmaatschappij Elsevier (Elsevier Publishing Company NV) to publish literary classics and the encyclopedia Winkler Prins .Robbers named the company after the old Dutch printers family Elzevir, which, for example, published the works of Erasmus in 1587. Elsevier NV originally was based in Rotterdam but moved to Amsterdam in the late 1880s.
Up to the 1930s, Elsevier remained a small family-owned publisher, with no more than ten employees. After the war it launched the weekly Elsevier magazine, which turned out to be very profitable. A rapid expansion followed. Elsevier Press Inc. started in 1951 in Houston, Texas, USA, and in 1962 publishing offices were opened in London and New York. Multiple mergers in the 1970s led to name changes, settling at "Elsevier Scientific Publishers" in 1979. In 1991, two years before the merger with Reed, Elsevier acquired Pergamon Press in the UK.
Cahners Publishing, founded by Norman Cahners, was the largest U.S. publisher of tradeor business magazines as of his death in 1986. Reed Elsevier acquired the company in 1977.
|Division or subsidiary of RELX||Date||Acquisition||Value|
|Reed Elsevier||1993-08||Official Airline Guides Inc, a publisher of airline schedules||$425 million|
|Reed Elsevier||1994-10||LexisNexis, an on-line information business||$1.5 billion|
|Reed Elsevier||1997-03||MDL Information Systems Inc, a US software systems and information database developer||$320M|
|Reed Elsevier||1997-06||Chilton Business Group, a US business information publishing company||$447M|
|Reed Elsevier||1998-04||Matthew Bender & Company Inc, a US publisher of legal information||$1.65bn|
|Reed Elsevier||2000-10||Harcourt, an education publishing business||$4.5bn plus debt|
|LexisNexis||2004-07||Seisint of Boca Raton, Florida, which provided the company with access to HPCC Systems for the first time||$775M|
|Reed Elsevier||2005-05||Medimedia, a medical publisher whose imprints included Medicine Publishing and Masson||$270M|
|Reed Elsevier||2008-02||Choicepoint, which had been a spinoff of Equifax's Insurance Services Group in August 1997. The acquisition was completed in September 2008.||$4.1bn|
|Reed Business Information||2011-06||Ascend, a London-based civil aviation data analytics company||Undisclosed|
|Reed Elsevier||2011-11||US online-data business Accuity Holdings Inc. from investment firm Investcorp||£343M ($530.1M)|
|LexisNexis Legal & Professional||2012-03||Law360, a US-based online provider of legal information and analysis||Undisclosed|
|Elsevier||2013-04||Mendeley, a London-based desktop and web program for managing and sharing research papers, discovering research data and collaborating online||Undisclosed but up to $100M|
|LexisNexis Risk Solutions||2013-09||Mapflow, a Dublin-based group that helps insurance companies assess geographic risk, in particular in relation to flooding||Undisclosed|
|LexisNexis Risk Solutions||2014-04||Tracesmart, a UK-based provider of tracing, identity verification, fraud prevention and anti-money laundering software||Undisclosed|
|LexisNexis Risk Solutions||2014-05||Wunelli, a telematics data business which uses driving data for insurers, enabling them to reduce risk exposure and deliver discounts to safer drivers||£25m|
|Accuity||2014-09||Fircosoft, a Paris-based anti-money laundering company||€150M|
|LexisNexis Risk Solutions||2014-11||Health Market Science (HMS), a supplier of high quality data about US healthcare professionals||Undisclosed|
|LexisNexis Risk Solutions||2015-01||BAIR Analytics, a US-based law enforcement data company||Undisclosed|
|LexisNexis Legal & Professional||2015-07||MLex, a media organization providing exclusive analysis and commentary on regulatory risk||Undisclosed|
|Reed Business Information||2015-10||Adaptris, a fast-growing supply chain integration business||Undisclosed|
|LexisNexis Legal & Professional||2015-11||Lex Machina, a US-based online provider of legal analytics||Undisclosed|
|LexisNexis Risk Solutions||2016-07||Insurance Initiatives, Ltd. (IIL), a business which provides a data distribution platform that extracts, hosts and processes large quantities of data to deliver information predominantly into the point-of-quote in the UK's Property & Casualty Insurance industry.||Undisclosed|
|LexisNexis Legal & Professional||2017-06||Ravel Law, a San Francisco-based legal analytics company||Undisclosed|
|LexisNexis Risk Solutions||2018-01||ThreatMetrix, one of the largest repositories of online digital identities in the world||£580M ($830M)|
|Reed Exhibitions||2018-02||The Gamer Network of video game journalism websites||Undisclosed|
|LexisNexis Risk Solutions||2020-01||ID Analytics||$375m|
|LexisNexis Risk Solutions||2020-02||Emailage||$480m|
In February 1997, Reed Elsevier divested its trade publishing group (including Heinemann, Methuen, Secker & Warburg, Sinclair-Stevenson, Mandarin, Minerva and Cedar) to Random House.In 1998, Reed Elsevier sold the children's divisions of Heinemann, Methuen, Hamlyn and Mammoth to the Egmont Group.
In February 2007, the company announced its intention to sell Harcourt, its educational publishing division.On 4 May 2007 Pearson, the international education and information company, announced that it had agreed to acquire Harcourt Assessment and Harcourt Education International from Reed Elsevier for $950m in cash. In July 2007, Reed Elsevier announced its agreement to sell the remaining Harcourt Education business, including international imprint Heinemann, to Houghton Mifflin for $4 billion in cash and stock.
Between 2006 and 2019, in 65 separate deals, the company systematically sold its 300 print, business to business magazine titles, reducing the proportion of print revenues from 51% to 9%.Advertising, which had been the largest source of revenues when RELX was founded in 1992, represented just 1% of sales in 2018.
In July 2009, Reed Elsevier announced its intention to sell most of its North American trade publications, including Publishers Weekly , Broadcasting & Cable , and Multichannel News , although it planned to retain Variety .
In April 2010, Reed Elsevier announced that it had sold 21 US magazines to other owners in recent months, and that an additional 23 US trade magazines, including Restaurants & Institutions, Hotels, and Trade Show Week would cease publication. The closures were mostly due to the weak economy including an advertising slump.
Variety, the company's last remaining North American title, was sold in October 2012.
In 2014, Reed Business Information sold BuyerZone, an online marketplace; emedia, an American provider of research for IT buyers and vendors; and a majority stake in Reed Construction Data, a provider of construction data.
In 2016, RELX sold Elsevier Weekly and BeleggersBelangen in the Netherlands.
In 2017 the company sold New Scientist magazine.
In January 2019, RBI sold its Dutch agricultural media and selected international agricultural media portfolio (including Poultry World) to Doorakkeren BV.
In August 2019, Flight International and FlightGlobal were sold to DVV Media Group.
In December 2019, RBI announced plans to sell the Farmers Weekly magazine title, website and related platforms, events and awards to MA Agriculture Limited, part of the Mark Allen Group.
RELX's Scientific, Technical & Medical business provides information, analytics and tools that help investors make decisions that improve scientific and healthcare outcomes. It operates under the name of Elsevier:
ScienceDirect, an online database of primary research, contains 13 million documents.
Scopus is a bibliographic database containing abstracts and citations for academic journal articles. It contains more than 50 million items in more 20,000 titles from 5,000 publishers worldwide.
Mendeley is a desktop and web program for managing and sharing research papers, discovering research data and collaborating online.
Elsevier is the world's largest publisher of academic articles. It publishes 420,000 articles a year in about 2,500 journals.Its best-known titles are The Lancet and Cell . In 1995, Forbes magazine (wrongly) predicted Elsevier would be "the first victim of the internet" as it was disrupted and disintermediated by the World Wide Web.
Risk & Business Analytics provides decision-making tools which help banks spot money launderers and insurance companies weed out fraudulent claims.
The business claims to have saved the state of Florida more than $60 million a year by preventing benefit fraud.
Accuity provides financial crime compliance softwarewhich allows institutions to comply with sanctions and anti-money laundering compliance programmes. It offers Know Your Customer, KYC, online subscription-based data and software for the financial services industry. The company's services include helping banks and financial institutions screen for high risk customers and transactions, and providing databases such as Bankers Almanac which allows clients to find and validate bank payment routing data. Accuity serves financial services clients worldwide.
Cirium (previously known as FlightGlobal) provides data and analytics products to the travel industry.
RELX's legal business operates under the LexisNexis brand. Many of LexisNexis' brands date back to the nineteenth century or earlier. These include Butterworths and Tolley in the UK and JurisClasseur in France.In 2019, 85% of its revenues were electronic. The LexisNexis legal and news database contains 119bn documents and records.
RELX's exhibitions business is called Reed Exhibitions. It is the world's largest exhibitions company, running 500 shows for 140,000 exhibitors and 7m visitors.
As of 2019 [update] , the board of directors consisted of:
In 2019, Harvard Business Review ranked Erik Engström the world's 11th best performing CEO.
In August 2020, RELX announced Sir Anthony Habgood would retire as Chair, to be replaced by Paul Walker in the first half of 2021.
From 2011 to 2014, the average annual value of disposals was about $300m.The predictability of the company's results in recent years has led to a re-rating of the shares.
|Adjusted operating profit (£m)||1,142||1,081||1,137||1,379||1,570||1,555||1,626||1,713||1,749||1,739||1,822||2,114||2,284||2,346||2,491||2,076|
|Adjusted EPS (p)||31.5p||33.6p||35.9p||44.6p||45.9p||43.4p||46.7p||50.1p||54.0p||56.3p||60.5p||72.2p||81.0p||84.7p||93.0p||80.1p|
The RELX Environmental Challenge awards grants to projects advancing access to safe water and sanitation.
In 2019, Mike Walsh, CEO of LexisNexis, was honoured by the UN Foundation with a Global Leadership award for the company's work in advancing the Rule of Law - recognizing the company's commitment to strengthening equality under law, transparency of law, independent judiciaries and accessible legal remedy.
The Elsevier Foundation supports libraries in developing countries, women scientists and nursing facilities.In 2016 it committed $1m a year, for 3 years, to programmes encouraging diversity in science, technology and medicine and promoting science research in developing countries.
Programmes operated by LexisNexis Legal & Professional include:
Programmes operated by LexisNexis Risk Solutions include:
Reed Elsevier has been criticised for the high prices of its journals and services, especially those published by Elsevier. It has also supported SOPA, PIPA and the Research Works Act, although it no longer supports the last. Because of this, members of the scientific community have boycotted Elsevier journals. In January 2012, the boycott gained an online pledge and petition (The Cost of Knowledge) initiated by mathematician and Fields medalist Sir Timothy Gowers.The movement has received support from noted science bloggers, such as biologist Jonathan Eisen. Between 2012 and November 2015, about 15,391 scientists signed The Cost of Knowledge boycott. In 2016, Elsevier received 1.5 million article submissions.
On 28 February 2019 following long negotiations, the University of California announced it would be terminating all subscriptions with Elsevier.
As a data broker Reed Elsevier collected, used, and sold data on millions of consumers.In 2005, a security breach occurred through a recently purchased subsidiary, Seisint, which allowed identity thieves to steal the records of at least 316,000 people. The database contained names, current and prior addresses, dates of birth, drivers license numbers and Social Security numbers, among other data obtained from credit reporting agencies and other sources. In 2008 the company settled an action taken against it by the Federal Trade Commission for multiple failures of security practice in how the data was stored and protected. The settlement required Reed Elsevier and Seisint to establish and maintain a comprehensive security program to protect nonpublic personal information.
Between 2005 and 2007, members of the medical and scientific communities, which purchase and use many journals published by Reed Elsevier, agitated for the company to cut its links to the arms trade. Two UK academics, Tom Stafford of Sheffield University and Nick Gill, launched petitions calling for it to stop organising arms fairs.A subsidiary, Spearhead, organised defence shows, including an event where it was reported that cluster bombs and extremely powerful riot control equipment were offered for sale. In February 2007 Richard Smith, former editor of the British Medical Journal , published an editorial in the Journal of the Royal Society of Medicine arguing that Reed Elsevier's involvement in both the arms trade and medical publishing constituted a conflict of interest. Subsequently, in June the company announced that they would be exiting the defence exhibition business during the second half of the year.
In November 2019, legal scholars and human rights activists called on RELX to cease work with U.S. Immigration and Customs Enforcement because their product LexisNexis directly contributes to the deportation of illegal immigrants.
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. It is headquartered in Alpharetta, Georgia and has offices throughout the U.S. and in Australia, Brazil, China, Hong Kong SAR, India, Ireland, Israel, Philippines and the U.K. The company’s customers include businesses within the insurance, financial services, healthcare and corporate sectors as well as the local, state and federal government, law enforcement and public safety.
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.
Elsevier is a Netherlands-based publishing company specializing in scientific, technical, and medical content. It is a part of the RELX Group, known until 2015 as Reed Elsevier. Its products include journals such as The Lancet and Cell, the ScienceDirect collection of electronic journals, the Trends and Current Opinion series of journals, the online citation database Scopus, the SciVal tool for measuring research performance, the ClinicalKey search engine for clinicians, and the ClinicalPath evidence-based cancer care service. Elsevier's products and services also include digital tools for data management, instruction, research analytics and assessment.
LexisNexis is a corporation that sells data mining platforms through online portals, computer-assisted legal research (CALR) and information about vast swaths of consumers around the world. 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.
S&P Global Inc. is an American publicly traded corporation headquartered in Manhattan, New York City. Its primary areas of business are financial information and analytics. It is the parent company of S&P Global Ratings, S&P Global Market Intelligence, and S&P Global Platts, CRISIL, and is the majority owner of the S&P Dow Jones Indices joint venture. "S&P" is a shortening of "Standard and Poor's".
UBM plc was a British business-to-business (B2B) events organiser headquartered in London, England, before its acquisition by Informa. It had a long history as a multinational media company. Its current main focus is on B2B events, but its principal operations have included live media and business-to-business communications, marketing services and data provision, and it principally serves the technology, healthcare, trade and transport, ingredients and fashion industries. UBM was listed on the London Stock Exchange and was a constituent of the FTSE 250 Index until it was acquired by Informa in June 2018.
Pearson plc is a British multinational publishing and education company headquartered in London, England.
Houghton Mifflin Harcourt is a publisher of textbooks, instructional technology materials, assessments, reference works, and fiction and non-fiction for both young readers and adults.
Wolters Kluwer N.V. is an American Dutch information services company. The company is headquartered in Alphen aan den Rijn, Netherlands (Global) and Philadelphia, United States (corporate). Wolters Kluwer in its current form was founded in 1987 with a merger between Kluwer Publishers and Wolters Samsom. The company serves legal, business, tax, accounting, finance, audit, risk, compliance, and healthcare markets. It operates in over 150 countries.
Harcourt was an American publishing firm with a long history of publishing fiction and nonfiction for adults and children. The company was last based in San Diego, California, with editorial/sales/marketing/rights offices in New York City and Orlando, Florida, and was known at different stages in its history as Harcourt Brace, & Co. and Harcourt Brace Jovanovich. From 1919 to 1982, it was based in New York City.
TI Media was a consumer magazine and digital publisher in the United Kingdom, with a portfolio selling over 350 million copies each year. Most of its titles now belong to Future plc.
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.
Hank Asher was a businessman best known as "the father of data fusion." With a reported fortune of around US$500 million earned as the founder of several data fusion / data mining companies that compile information about companies, individuals and their interrelationships from thousands of different electronic databases. "He's kind of a legend" among those who use investigative data tools, says Greg Lambert, a legal information specialist.
Miller Freeman, Inc., was a San Francisco-based publisher of trade books and business magazines, as well as a manager of trade and industry expositions. It was an innovative force in business technology and communications in the 1990s until its breakup in 2000. A substantial part of the company was owned by UBM which is now owned by Informa.
R. R. Bowker LLC is an American limited liability company based in New Providence, New Jersey, and incorporated in Delaware. 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), a universal method of identifying books in print. 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 New Providence, New Jersey, with additional operational offices in England and Australia. It is now owned by Cambridge Information Group.
Cengage is an American educational content, technology, and services company for the higher education, K-12, professional, and library markets. It operates in more than 20 countries around the world.
Penske Media Corporation (PMC) is an American digital media, publishing, and information services company based in Los Angeles and New York City. It publishes more than 20 digital and print brands, including Variety, Rolling Stone, WWD, Deadline Hollywood, Boy Genius Report, and others. PMC's Chairman and CEO since founding is Jay Penske.
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.
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.
CoreLogic, Inc. is an Irvine, CA–based corporation providing 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 full 2020 revenue of $1.6 billion.