US legal and corporate content provider LexisNexis Legal & Professional, part of Anglo-Dutch Reed Elsevier (LON:REL ; AMS:REN), said it had taken over the Sheshunoff and AS Pratt publishing businesses from Thompson Media Group LLC.
The value of the deal, for which LexisNexis was buyer along with Reed Elsevier Properties SA, was not revealed.
The acquisition of Sheshunoff and AS Pratt, which are offered through Sheshunoff Information Services, reflects LexisNexis’ goal to enhance and grow its legal and business content in targeted areas, the buyer said.
The move beefs up LexisNexis’ position as a provider of holistic banking and compliance information and analytical content, said Bob Romeo at LexisNexis.
Sheshunoff offers content for the financial services sector, zeroing on federally regulated banking and credit union lending activities.
AS Pratt provides analytical content for the banking and commercial practice areas, covering legal and regulatory issues.