|LexisNexis has announced an alliance with Knight
Ridder Digital, the interactive information subsidiary of Knight Ridder
and founder/operator of The Real Cities Network. Through the relationship,
Knight Ridder Digital will syndicate its content to be available to LexisNexis
users, and LexisNexis will offer access to on-point information from 28
Knight Ridder newspapers. LexisNexis has also announced that its global
business customers will be able to order enhanced due diligence services
provided by the National Fraud Center (NFC) via a Web interface.
Knight Ridder Digital
Twenty-eight daily full-text Knight Ridder publications
from media markets throughout the U.S. will now be available to LexisNexis
customers, many on the same day or within a day of publication. The offering
includes major metropolitan papers such as The Miami Herald, The Philadelphia
Inquirer and Philadelphia Daily News, the Detroit Free Press, The Charlotte
Observer, the Pioneer Press (St. Paul, Minnesota), and The SanJose Mercury
"Our agreement with LexisNexis is another major
step in creating new revenue streams from Knight Ridder Digital content,"
said Ken Doctor, vice president of content services at Knight Ridder Digital.
"LexisNexis is one of the premier information services in the world, and
now for the first time Knight Ridder content will be available to its business,
legal, academic, and government desktop users. Those users will be further
introduced to our most important newspaper brands and be able to link directly
to them. We believe that in addition to customers finding our content through
our destination sites, our content must actively find customers through
other established channels of sales and distribution. The LexisNexis channel
is a key, and we expect the partnership to grow over time."
A new, centrally administered information services
contract will give Knight Ridder professionals access to the LexisNexis
suite of information solutions. According to the announcement, the contract
brings wide exposure to LexisNexis research databases to the desktops of
thousands of professionals at Knight Ridder, including nexis.com for journalists
and editors conducting research, lexis.com for Knight Ridder's legal staff,
customized solutions for professionals in Knight Ridder's corporate offices,
LexisNexis Political Universe for Knight Ridder's Washington Bureau, and
access to select Online Public Records and LexisNexis Company Dossier products
across the U.S.
Due Diligence Services
The NFC, a member of LexisNexis, is an internationally
recognized leader in customized fraud and risk-management solutions, according
to the announcement. It provides a variety of fraud-prevention and -detection
services and performs both online and comprehensive off-line investigations
to industry and government agencies in the U.S. and internationally.
The NFC's enhanced due diligence product is an
enterprisewide application to verify information by using the Internet
to get customized reports. According to the announcement, it improves case
management by allowing a customer's authorized personnel to subscribe to
the NFC service via the Web, enroll approved company users, order and submit
the required information for due diligence work, and track the status of
search requests using just a Web browser.
"Risk and fraud are not always obvious. Quite
frequently, deliberate deception and misrepresentation are used to victimize
businesses, exposing them to potentially devastating financial losses,"
said James H. Vaules, NFC's CEO. "Now LexisNexis business customers can
order the NFC-enhanced due diligence services directly from their LexisNexis
account executive. They then can take advantage of an easy-to-use Web interface
to order and track the progress of due diligence work."
The NFC's due diligence investigative reports,
which are custom-prepared by NFCinvestigators and research analysts, can
combat fraud by providing new information and identifying intentional deceptions
and unintentional inaccuracies in information used for making business
decisions. These decisions typically involve risk assessment, litigation,
regulatory compliance, criminal and civil liability, asset protection,
competitive analysis, and government licensing. Enhanced due diligence
can also be used when evaluating a potential new customer, contractor,
vendor, partner, or acquisition candidate.
Standard searches can be enhanced by a number
of optional searches that can be selected based on the client's specific
business needs. Prices for standard due diligenceappear on the Web site,
where clients also can track the status of their search requests and store
investigative results for case-management purposes. Reports on domestic
subjects are accessible online usually in 2 to 7 business days.
Source: LexisNexis, Dayton, OH, 800/227-9597,