Business Services Industry
LexisNexis owner Reed Elsevier to buy Florida database firm for $775 million.
Knight Ridder/Tribune Business News, July, 2004
By Stephen Pounds, The Pueblo Chieftain, Colo. Knight Ridder/Tribune Business News
Jul. 15--British publishing giant Reed Elsevier, the owner of the LexisNexis data service, said Wednesday it's buying Seisint Inc., the controversial Boca Raton creator of a database system that worries privacy advocates, for $775 million in one of the largest deals locally in recent years.
Seisint compiles databases of public and private records to help governments, companies and others to do employee background checks, debt collection and information gathering and to fight insurance fraud and identity theft.
But the firm made headlines last year when it launched Matrix, a computer network to tie state police agencies with the federal government to...
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