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December 1, 2010

LexisNexis acquires US regulatory content provider State Net

LexisNexis to improve upon the State Net content and tools with the addition of primary law content

By CBR Staff Writer

LexisNexis, a provider of content-enabled workflow offerings, has acquired State Net, the provider of legislative and regulatory content and tools in the US.

Financial terms of the acquisition were not disclosed.

LexisNexis senior vice president of Research and Litigation Solutions Bob Romeo said through the acquisition of State Net, LexisNexis has secured critical content and tools needed by legal and business professionals to rapidly monitor and analyse the policy decisions being made by Federal and State governments and regulatory agencies across the US on a daily basis.

"Access to this critical information means our customers are at an advantage when assisting their clients in finding, analyzing and planning for those decisions," Romeo said.

State Net president and chief executive officer Laurie Stinson said State Net resources align perfectly with LexisNexis and its efforts to enhance and build upon its research content and client development offerings.

This acquisition will enable LexisNexis to improve upon the State Net content and tools with the addition of primary law content and integration into its offerings for the US legal, business, government and academic markets.

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Following the transaction, LexisNexis will honor State Net legal commitments to third party distributors, while LexisNexis remains the primary distributor of State Net content in the legal markets.

State Net collects, normalises and editorially enhances all bills introduced in the 50 US state legislatures, the District of Columbia and the US Congress, as well as all agency regulations from every state.

The service also provides timely delivery of data, legislative intelligence and in-depth content and tools reporting on the actions of government institutions.

State Net provides users access to information on individual legislative bills and their progress within twenty-four hours of public availability, and its tools and content enable users to assess the impact of proposed legislation and regulations, influence proposed matters, and reduce compliance risk.

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