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NEXIS ACQUIRES RISKWISE INT.'S E-COMMERCE ANTI-FRAUD COMPANIES.


Nexis, the business and government information provider and a unit of Lexis-Nexis (Dayon, OH), has acquired RiskWise International LLC (Logical Link Control) See "LANs" under data link protocol.

LLC - Logical Link Control
 (Denton Denton, city (1990 pop. 66,270), seat of Denton co., N Tex.; inc. 1866. The city lies in an agricultural and industrial region, but the economy is based on education and research. The Univ. of North Texas, Texas Woman's Univ. , TX), the holding company for RiskWise, PeopleWise and the National Fraud Center, for $90 million. The acquired risk-management solution companies will operate, along with Nexis' public records business, as Nexis RiskWise.

Nexis said the new unit will offer clients a range of information decision tools, including fraud detection, risk management, modeling, scoring and investigative services.

Nexis president Bill Pardue said the deal "demonstrates that Nexis is, and will continue to be, a bold, aggressive player in the e-commerce e-commerce, commerce conducted over the Internet, most often via the World Wide Web. E-commerce can apply to purchases made through the Web or to business-to-business activities such as inventory transfers.  world. RiskWise makes an excellent strategic acquisition for Nexis. The markets we are serving are experiencing a tremendous expansion of online transactions." Nexis said it is expanding its role in such fields as human resources The fancy word for "people." The human resources department within an organization, years ago known as the "personnel department," manages the administrative aspects of the employees. , private investigation, sales, construction, public relations public relations, activities and policies used to create public interest in a person, idea, product, institution, or business establishment. By its nature, public relations is devoted to serving particular interests by presenting them to the public in the most  and risk management.
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Comment:NEXIS ACQUIRES RISKWISE INT.'S E-COMMERCE ANTI-FRAUD COMPANIES.
Publication:Business Publisher
Article Type:Brief Article
Geographic Code:1USA
Date:May 31, 2000
Words:142
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