LexisNexis Risk Solutions
|Headquarters||Alpharetta, Georgia, U.S.|
|Mark Kelsey, CEO|
|Products||Advanced Analytics; Compliance; Credit Risk; Customer Experience; Acquisition and Retention; Data Management; Identity Management; Fraud Prevention; Collections and Investigations|
Number of employees
LexisNexis Risk Solutions, is a global data and analytics company that provides data and technology solutions[buzzword], analytics, predictive insights, and fraud prevention for a wide range of industries. It is headquartered in Alpharetta, in metro Atlanta, Georgia, and has offices throughout the U.S. and in Australia, Brazil, China, Hong Kong SAR, India, Ireland, Israel, Philippines and the U.K. The company’s customers include businesses within the insurance, financial services, healthcare and corporate sectors as well as the local, state and federal government, law enforcement and public safety.
LexisNexis Risk Solutions operates in four market segments:
- Insurance Solutions[buzzword]
- Business Services
- Health Care Solutions[buzzword]
- Government Solutions[buzzword]
LexisNexis Risk Solutions extensively uses HPCC Systems, also known as DAS (Data Analytics Supercomputer).  HPCC Systems is an open source data-intensive computing system platform which incorporates a software architecture implemented on commodity computing clusters to provide high-performance, data-parallel processing for applications utilizing big data. The HPCC Systems platform includes a data refinery known as Thor, and a Rapid Data Delivery Engine known as ROXIE. Both the Thor and ROXIE clusters utilize the Enterprise Control Language (ECL) for implementing applications.
LNRS open-sourced the HPCC Systems platform in 2011, and has seen some success with the adoption of this platform by diverse entities, an example being GuardHat, which makes smart hard hats with embedded HPCC Systems technology.
A subsidiary of RELX (formerly Reed Elsevier), LexisNexis Risk Solutions first began as the Risk & Information Analytics Group (RIAG) within LexisNexis, a corporation offering legal database services. In 2000, Reed Elsevier acquired RiskWise and PeopleWise, which together became the basis of RIAG. The creation of RIAG expanded LexisNexis offerings to include public records collections. In 2000, LexisNexis also launched HPCC Systems, its data-intensive computing system platform.
LexisNexis Risk Solutions moved into Collections after Reed Elsevier acquired the public records businesses of Dolan Media Company in 2003. That same year, the LexisNexis Special Services Inc. (LNSSI) was founded to provide government agencies with global sources of data fusion technology and analytics. LNSSI also granted Reed Elsevier the ability to participate in classified U.S. government programs as a foreign-owned entity.
In September 2008, Reed Elsevier purchased data aggregator ChoicePoint. This acquisition included an insurance business and the C.L.U.E. database, an underwriting database for the U.S. auto insurance market. LexisNexis completed the migration of public records to HPCC Systems the same year.
LexisNexis Risk Solutions is LaunchedEdit
In September 2009, ChoicePoint was integrated with the Risk & Information Analytics Group (RIAG), and the combined new entity became LexisNexis Risk Solutions. In 2011, LexisNexis Risk Solutions was officially launched as a separate company within the Reed Elsevier portfolio.
Mark Kelsey was named CEO of LexisNexis Risk Solutions in December 2012. Over the next two years the company purchased 12 companies including: WorldCompliance, Enclarity, Mapflow, Tracesmart, Wunelli and Health Market Science.
In February 2015, Reed Elsevier changed its name to RELX Group, and LexisNexis Risk Solutions became part of the RELX Risk & Business Analytics market segment.
Significant recent acquisitions and partnershipsEdit
Insurance Initiatives Ltd. (2016)Edit
In July 2016, LexisNexis Risk Solutions acquired Insurance Initiatives Ltd. (IIL), a data distribution platform that extracts, hosts and processes large quantities of data to deliver information into the point-of-quote in the U.K.'s Property and Casualty Insurance industry.
RELX purchased ThreatMetrix, a digital identity and risk-based authenticator platform, in February 2018.
In an announcement made in January 2013, LexisNexis Risk Solutions expressed its intention to sell its background screening business to the Palo Alto-based private equity firm Symphony Technology Group (STG), with the plan of STG combining LexisNexis screening with its portfolio company, First Advantage.
LexisNexis Risk Solutions is a subsidiary of RELX (tickers: RELX and REL.UK), led by Risk & Business Analytics (RBA) CEO Mark Kelsey, overseen by the RELX board of directors. RBA is composed of two companies: LexisNexis Risk Solutions and Reed Business Information.
Corporate Social ResponsibilityEdit
LexisNexis Risk Solutions developed the ADAM (Automated Delivery of Alerts on Missing children) program in 2000 to help the National Center for Missing & Exploited Children (NCMEC) find missing children. ADAM distributes missing child alert posters to law enforcement, hospitals, libraries and businesses within specific geographic search areas. The system was expanded in 2017 to allow individuals to receive an email alert when a child is reported missing near to them.
In 2017, a feature was added to ADAM to allow NCMEC to focus on a highway where a missing child and abductor may be travelling in order to distribute posters to recipients along the relevant corridor. Combining this filter along with the system’s radius search allows for broad, yet targeted, poster coverage. Also in 2017, new functionality was added to ADAM to allow members of the public to sign up for missing child email alerts in their area. More than 1.8 million individuals, private enterprises, hospitals, schools, news outlets and law agencies have signed up to receive automated ADAM alerts.
U.K.-based Missing, Abducted, Trafficked Children and Adults Location Services In 2017, LexisNexis Risk Solutions began working with the charity Missing People and the UK National Crime Agency to support their Child Rescue Alert service, which disseminates missing alerts via text message, and scoped a training course with Missing People and Charlie Hedges Advisory (Hedges, a former police officer and advisor to Amber Alert Europe, is one of the U.K.’s foremost experts on missing persons) to assist law enforcement, schools, hospitals and others with missing cases, particularly those involving children who are abducted and/or trafficked.
Food Stamp Fraud PreventionEdit
Since 2013, the Florida Department of Children Families has used LexisNexis Risk Solutions to identity management solutions to prevent food stamp fraud and improve operational efficiencies, achieving a total cost avoidance of more than $843.7 million.
In 2017, LexisNexis Risk Solutions developed the Global Business Coalition for Education’s Rapid Education Action (REACT) database to record private sector educational contributions and assets that can be deployed quickly in the wake of a humanitarian emergency.
The Public Safety Data Exchange (PSDEX) is a contributory database that of more than 1,300 law enforcement agencies across the U.S. that was created by LexisNexis Risk Solutions. PSDEX helps its participants solve crimes, identify threats and anticipate future threats. LexisNexis Risk Solutions created an Advisory Committee to advise on policy and governance of PSDEX data, to help assure adherence to federal Criminal Justice Information Services (CJIS), state and local standards for security and privacy of law enforcement-provided data. The PSDEX Advisory Committee is comprised of former Federal Bureau of Investigation (FBI), Secret Service, metropolitan police department and other criminal justice experts, in partnership with LexisNexis Risk Solutions leaders.
LexisNexis Accurint Virtual Crime CenterEdit
The LexisNexis Accurint Virtual Crime Center gives law enforcement “greater visibility into crime in both their jurisdictions and nationwide by linking billions of public records with agency-provided data.” It links to PSDEX and brings together disconnected data to provide a more comprehensive view of people’s identities so that that law enforcement agencies can better target investigations, identify patterns, predict upcoming events and deploy resources more efficiently.
On February 21, 2008, Reed Elsevier announced its plans to acquire ChoicePoint, Inc. for $3.6 billion. The U.S. Federal Trade Commission (FTC) challenged the proposed acquisition, charging that it would be anticompetitive and in violation of the antitrust laws as the acquisition “would combine the two largest providers of electronic public record services to U.S. law enforcement customers.” In order to expedite regulatory clearance from the FTC, ChoicePoint agreed to divest a portion of its U.S. public records business serving the government sector. On September 16, 2008, Reed Elsevier announced that it received clearance to proceed with the acquisition.
In October 2009, the FTC ordered ChoicePoint (which was by then a part of LexisNexis Risk Solutions) to pay $275,000 to consumers to settle charges that it violated a previous settlement order stemming from a 2005 data breach. The FTC charged that ChoicePoint had failed to implement a court-ordered information security program and alleged that an unauthorized person was subsequently able to access the company’s database in 2008. The alleged incident took place prior to Reed Elsevier’s acquisition of ChoicePoint.
In January 2017, LexisNexis Risk Solutions reached a settlement with the U.S. Department of Labor’s Office of Federal Contract Compliance Programs (OFCCP) to pay over $1.2 million to resolve allegations of systemic pay discrimination against women at its facilities in Alpharetta, Georgia, and Boca Raton, Florida.
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