History
Currently a division of Reed Elsevier, LexisNexis was first a product of the Mead Data Central company.
The Anglo-Dutch publishing company Reed Elsevier has owned LexisNexis and its predecessor company since 1994. At its inception in 1970, the database was named LEXIS by Mead Data Central (MDC), a subsidiary of the Mead Corporation. It was a continuation of an experiment organized by the Ohio State Bar in 1967. On April 2, 1973, LEXIS launched publicly, offering full-text searching of all Ohio and New York cases. In 1980, LEXIS completed its hand-keyed electronic archive of all U.S. federal and state cases. The NEXIS service, added that same year, gave journalists a searchable database of news articles.
LexisNexis' world headquarters is located in New York, NY, United States.
When Toyota launched the Lexus line of luxury vehicles in 1987, Mead Data Central sued for trademark infringement on the grounds that consumers of upscale products (such as lawyers) would confuse "Lexus" with "Lexis". A market research survey asked consumers to identify the spoken word "Lexis". Survey results showed that a nominal number of people thought of the computerized legal search system; a similarly small number thought of Toyota's luxury car division. A judge ruled against Toyota, and the company appealed the decision. Mead lost on appeal in 1989 when the Court of Appeals for the 2nd Circuit held that there was little chance of consumer confusion. Today, the two companies have an amicable business relationship, and in 2002 implemented a joint promotion called "Win a Lexus on Lexis!"
In 2000, LexisNexis purchased RiskWise, a St. Cloud, Minnesota company. In 2002 it acquired a Canadian research database company, Quicklaw. In 2004, Reed Elsevier Group, parent company of LexisNexis, purchased Seisint, Inc, of Boca Raton, Florida. Seisint housed and operated Multistate Anti-Terrorism Information Exchange (MATRIX).
On March 9, 2005 LexisNexis announced the possible theft of personal information of some Seisint users. It was originally estimated that 32,000 users were affected, but that number greatly increased to over 310,000. Affected persons will be provided with free fraud insurance and credit bureau reports for a year. However, no reports of identity theft or fraud were discovered to have stemmed from the security breach.
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