Reed Elsevier announced that it has entered into a definitive agreement to acquire the entire issued share capital of Accuity Holdings Inc. from Investcorp, a global investment firm, for a consideration of £343m payable in cash.

Accuity is a leading US provider of online subscription-based data solutions for the financial services industry which enable customers to maximise the accuracy of their banking and payment transactions, and to minimise the risk of non-compliance with government regulations in these transactions.  Accuity is a highly complementary business with both Reed Elsevier’s Bankers’ Almanac and the financial services business of LexisNexis Risk Solutions.

Accuity will be integrated with Bankers’ Almanac and will share the combined data assets with LexisNexis Risk Solutions. The CEO of Accuity is joining Reed Elsevier to run the enlarged business within the data businesses of Reed Business Information.

Source: Reed Elsevier Press Release

Outsell’s Elisabeth Mason comments in her latest Outsell Insight:  This acquisition is the first major investment under CEO Erik Engstrom, who has been in this role almost two years. It is consistent with Reed’s approach to focus investments on electronic data offerings.

Further, this latest  solutions development, although residing in RBI, is bridging Reed’s divisions. LexisNexis Risk, split out from the Legal division earlier this year, is paired with Reed Business Information as a dance partner in extending an integrated offering. The benefits of the organizational change, leveraging the Risk business as a functional piece useful for multiple industry verticals, opens wider. It raises possibilities of additional cross-unit RBI pairings with Elsevier and Legal & Professional.  These interplays enhance the consolidated company as well as several individual business units including LexisNexis Risk.  During the first half of 2011, LexisNexis Risk Solutions revenue growth was only up by 4% mainly due to its insurance software business dropping by 25%.  These harmonized plans provide a remedy for overcoming siloed performance obstacles such as stagnating software sales. The whole provides more worth than the parts. Data plus software will create stronger risk management solutions.”

Source: Outsell Insight

Lexis Nexis is a member of BIIA