Expands LexisNexis(R) Client Development Portfolio in Support of
Company's Total Practice Solutions Strategy
NEW YORK--(Business Wire)--LexisNexis, a leading global provider of information and services
solutions, today announced it has acquired New Jersey-based Redwood
Analytics, the leading provider of business performance analytics
software for large law firms and an expert resource for business
performance benchmarking services.
Redwood software, which includes the Redwood Analytics(R) suite,
integrates with large law firms' time, billing, and accounting systems
to deliver performance analytics that enable them to better manage
profitability, business development, fee collection, key performance
indicator goal setting and tracking, matter planning, and external
benchmarking.
Redwood business analytical software joins the LexisNexis(R)
Client Development Solution Line - already inclusive of a diverse set
of solutions such as InterAction(R), atVantage(TM),
Martindale-Hubbell(R), LexisNexis news and business sources and more.
"The addition of business analytics from Redwood to the diverse
LexisNexis Client Development portfolio amplifies the strategic
benefit LexisNexis delivers to law firms when it comes to developing
clientele, managing resources and winning new business," said Ralph
Calistri, senior vice president of Global Client Development Solutions
for LexisNexis. "Furthermore, the acquisition exemplifies our
commitment at LexisNexis to offer comprehensive Total Practice
Solutions in all aspects of the practice of law."
LexisNexis will continue to offer the analytic software it has
acquired. Over time, portions will also be integrated with other
LexisNexis offerings to create solutions that help law firms improve
profitability and generate business more effectively through better
understanding of potential client profitability; better ability to
develop and manage client account teams; better management of the
client opportunity pipeline, and improved client and matter intake to
expedite attractive clients while screening out those that are
unprofitable.
About LexisNexis
LexisNexis(R) (www.lexisnexis.com) is a leading global provider of
information and services solutions, including its flagship Web-based
Lexis(R) and Nexis(R) research services, to a wide range of
professionals in the legal, risk management, corporate, government,
law enforcement, accounting and academic markets. A member of Reed
Elsevier (NYSE: ENL) (NYSE: RUK) (www.reedelsevier.com), LexisNexis
serves customers in 100 countries with 13,000 employees worldwide.
About Redwood
Redwood Analytics is the leading provider of business intelligence
software and services for the legal industry. Its solutions enable law
firms to analyze and monitor performance, focusing on the most
significant drivers of the business of law. Redwood provides lawyers,
finance managers, and marketing professionals access to information
that supports better decision making. The company has a proven track
record of delivering its solutions quickly and for providing
world-class education, consulting, and support. For more information,
please visit http://www.Redwoodanalytics.com/
For LexisNexis
Victoria Rupeka, 212-880-5230
victoria.rupeka@ogilvypr.com
Copyright Business Wire 2008
