LexisNexis® to Sell its Screening Solutions Portfolio to Symphony Technology Group

  LexisNexis® to Sell its Screening Solutions Portfolio to Symphony Technology
  Group

Business Wire

ATLANTA -- January 17, 2013

LexisNexis^® Risk Solutions today announced it has entered into a definitive
agreement to sell its LexisNexis screening business to the Palo Alto-based
private equity firm Symphony Technology Group (STG). STG plans to combine
LexisNexis screening with its portfolio company, First Advantage, to create a
global leader in talent acquisition solutions.

“The decision to sell the screening business came after a careful review of
the needs of the business and the strategic goals we have in place,” said Mark
Kelsey, CEO, LexisNexis Risk Solutions.“While the screening business has been
a significant offering within the LexisNexis portfolio, there is greater
long-term opportunity for the business with an organization like First
Advantage, which is focused on bringing background screening solutions to the
marketplace.”

“The combination of these two leading companies will transform how employers
select and screen their employees, dramatically improving the quality of their
talent and their recruiting processes and productivity,” said Dr. Romesh
Wadhwani, Chairman and CEO of Symphony Technology Group. “The customers of
First Advantage and LexisNexis Risk Solutions now have access to the
industry's broadest set of services and expertise and the best technology and
solutions for acquiring and retaining the best and most skilled talent
available."

About LexisNexis Risk Solutions

LexisNexis Risk Solutions (www.lexisnexis.com/risk/) is a leader in providing
essential information that helps customers across industries and government
predict, assess and manage risk. Combining cutting-edge technology, unique
data and advanced analytics, Risk Solutions provides products and services
that address evolving client needs in the risk sector while upholding the
highest standards of security and privacy. LexisNexis Risk Solutions is part
of Reed Elsevier, a leading global provider of professional information
solutions across a number of sectors.

About Symphony Technology Group

Symphony Technology Group (STG) is a strategic private equity firm with the
mission of investing in and being a partner in building great software and
services companies. In addition to capital, STG provides transformation
expertise to enable its portfolio companies to deliver more value to clients
to retain and attract the best talent and to achieve best-in-class business
performance. All STG portfolio companies are expected to grow through
innovation. STG’s current portfolio consists of 12 global companies with
combined revenue of approximately $2.5bn and thousands of employees spread
across North America, Europe and Asia.

For more information visit: www.symphonytg.com.

Contact:

LexisNexis Risk Solutions
Megan Mahoney, 678-694-6032 or 404-788-8835
megan.mahoney@lexisnexis.com
or
Cohn & Wolfe on behalf of LexisNexis
Stephen Brown, 404-260-3514
stephen.brown@cohnwolfe.com
or
Reed Elsevier
Paul Abrahams, +44 207 166 5724
Paul.abrahams@reedelsevier.com
or
First Advantage
Alastair Watson, 727-290-1000 ext 2316
awatson@fadv.com
www.fadv.com
 
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