The intent of the alliance is to leverage the experience, market-leading technology and world-class customer base of each organization to produce new products, services and marketing opportunities. Factors contributing to the extension of their alliance include a similar approach toward product development, complementary skills and several shared customers.

We believe this wider-ranging LexisNexis-Verity alliance will enable both companies to expand our market reach, while bringing valuable new benefits to our customers, said Renee Citera, vice president, channel sales at LexisNexis. We are thrilled to be advancing our relationship with Verity.

Verity looks forward to collaborating with LexisNexis on a variety of fronts, from investigating technology applications, to devising new ways to help customers improve their technology return on investment through better use and management of internal and external content sources, said Michael D. Mooney, vice president of business development at Verity. We are excited about the possibilities.

SOURCE: COMPANY PRESS RELEASE