1/3/13

Knowledge Mosaic Acquired by LexisNexis — More Legal Publishing "Shrinkage"

Anyone who has been around the legal publishing industry for any amount of time shouldn't be surprised by the news that came out this morning. Knowledge Mosaic announced that it has been bought by LexisNexis and will continue as a "stand alone" product, as well as eventually being brought into the LexisNexis platform. Knowledge Mosaic has a great reputation and is known for its customer service and personal approach to its business. Just looking at the Knowledge Mosaic blog shows the type of personality the company has. You know, kind of like what GSI was before it got gobbled up into the mega-structure of Thomson Reuters.

The initial reaction from many law librarians has been "oh no... there goes the nice pricing." We'll see how the integration goes, and how much of Knowledge Mosaic's personality gets absorbed into the LexisNexis mega-structure.

Here is the press release that went out earlier today.


Knowledge Mosaic Acquired by LexisNexis

January 3, 2012

Dear Friends & Colleagues,

We are happy to launch the New Year by letting you know that LexisNexis has acquired Knowledge Mosaic.

As Knowledge Mosaic clients, you already know that Knowledge Mosaic offers a robust platform for transactional, securities, and federal agency research. If you also use LexisNexis services, you are familiar with the powerful legal research and litigation solutions it provides. Now, working together, LexisNexis and Knowledge Mosaic will combine their strengths to provide you with the most comprehensive suite of transactional, regulatory, and litigation solutions on the market.

We want to emphasize that as a result of the acquisition, your current Knowledge Mosaic service and agreement will not change. You will continue to have the same full and unlimited access to the Knowledge Mosaic research platform and news service, along with Knowledge Mosaic customer support and training.

In the future, LexisNexis plans to continue to offer Knowledge Mosaic as a standalone product. However, we will also integrate Knowledge Mosaic content and tools with other LexisNexis solutions such as Lexis Advance and Lexis Practice Advisor.

“At Knowledge Mosaic, we are excited to join forces with LexisNexis, because we know this partnership will only accelerate the pace of both our content acquisition and our product and technology innovation. Our customers can only benefit,” said Peter Schwartz, Founder of Knowledge Mosaic.

If you have questions, please feel free to contact either your Knowledge Mosaic or your LexisNexis representative.

To those of you, who are new to LexisNexis, welcome. We look forward to working with you. To those of you who already use both Knowledge Mosaic and LexisNexis services, thank you for your business. We are excited to continue to serve your needs going forward.

Regards,    

Bob Romeo                                                                 Peter Schwartz

CEO, Research & Litigation Solutions                        Founder

LexisNexis | Legal & Professional                              Knowledge Mosaic, Inc.



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1 comments:

Brian P. Craig said...

As Million Dollar Man Ted DiBiase said so many years ago, "Everybody's got a price."

 

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