May 22, 2013 - LexisNexis® Legal & Professional, a leading provider of content and technology solutions, today announced that, together with Reed Elsevier Properties SA, it has acquired the acclaimed publishing brands and businesses of Sheshunoff™ and A.S. Pratt from the Thompson Media Group. Financial details of the transaction are not being disclosed.
Widely known for its "how to" guides for compliance professionals, the Sheshunoff collection of publications includes more than 100 titles offering expert information critical for the financial services industry with a strong focus on federally regulated banking and credit union lending activities. The A.S. Pratt collection has established itself as the "gold standard" of analytical content for the banking and commercial practice areas and includes 40 industry-leading titles covering key legal and regulatory issues – including respected treatises, journals and newsletters such as the Banking Law Journal, Pratt's Letter, Brady on Bank Checks, Clark's The Law of Secured Transactions, and others.
"Sheshunoff and A.S. Pratt are highly valued brands that have built a trusted reputation by featuring some of the country's most respected and recognized legal authorities," said Bob Romeo, CEO, Research & Litigation Solutions at LexisNexis. "The addition of this trusted practice area content to our portfolio, and our ability to offer them through multiple channels further cements the status of LexisNexis as a premier provider of holistic banking and compliance information and analytical content."
Both collections will continue to be offered in print format. Additionally, LexisNexis intends to enhance the value of these critical titles by offering them through digital channels, including as eBooks and online.
"We are thrilled that the two collections have found a home under the roof of such a strong, growing and longstanding business with the technology, resources and expertise to greatly expand their reach and accessibility," said Jim Still, President and CEO of Thompson Media Group. "Customers will also benefit from access to the Sheshunoff and A.S. Pratt collections within the context of the greater LexisNexis portfolio of banking and compliance information for a complete selection from one source."
The acquisition of Sheshunoff and A.S. Pratt is part of the LexisNexis commitment to continuously enhance and expand its legal and business content in targeted areas, enabling customers to work more efficiently and confidently, and achieve better outcomes for their businesses and clients. Recent key acquisitions in the past year include the addition of Law360® legal news and Knowledge Mosaic® securities content and services in 2012 and Oxford University Press intellectual property titles in March of this year.
