It was a case of 'who' would acquire Axxia rather than 'when', but now we know. The formal statement from LexisNexis is attached below.

 

Formal statment from LexisNexis regarding the acquisition of Axxia:

LexisNexis, a leading global provider of business information solutions, today announced the acquisition of Axxia – a leading provider of back-office and integrated solutions in the mid-law segment in the UK.

The acquisition of Axxia enables LexisNexis to offer a full suite of practice management solutions to the UK mid-law sector. Medium sized law firms can now rely on LexisNexis for both content and complementary IT infrastructure enhanced with workflow solutions.

The Axxia acquisition is a further step towards LexisNexis’ goal to be a comprehensive solutions business by combining local and global strategic acquisitions with existing content products. This move also complements the acquisition of Visualfiles in 2006 that provided a market leading case management front-end solution for the mid-law market. The addition of Axxia enables LexisNexis to offer fully integrated workflow-based solutions enhanced with relevant content for the mid-law market in the UK, building on the heritage of LexisNexis Butterworths publishing and understanding of the information used within law firms.

LexisNexis has also implemented a global reorganisation which sees the appointment of Kate Holden as Senior Vice President of Global Practice Management Solutions to oversee the development of solutions to meet local and global customer needs.


“LexisNexis offers customers integration of front and back office, with all the resulting benefits, such as improved efficiencies with seamless movement from one application to another, and relevant content automatically pre-populating searches and check lists. This one-stop-shop offering helps our customers to maximise productivity and profitability, reduce malpractice risk, enhance client interaction, and make well-informed case and matter decisions,” said Kate Holden, Senior Vice President of Global Practice Management Solutions, LexisNexis.

“LexisNexis already offers a Practice Management Total Solution in the US and we are keen to bring this successful approach to the UK,” adds Josh Bottomley, Managing Director, LexisNexis UK.

“We have seen this comprehensive business solution bring tangible benefits to clients integrating everything they need to excel in the business and practice of law - from calendaring and time management to legal research, case assessment, document drafting and client relationship management, and it means one point of contact to resolve any integration issues rather than a panel of suppliers.”

Stuart Holden, Managing Director, Axxia comments, “Although both businesses serve similar organisations, the product portfolios at Axxia and Visualfiles are extremely complementary. Both Visualfiles and Axxia hold leading positions with their respective offerings. Visualfiles has a first class reputation for its case management software and Axxia’s key strength lies in integrated front and back office solutions. With both Visualfiles and Axxia in the LexisNexis stable, we can offer our customers an unparalleled wealth of knowledge and experience across a broad range of markets. This will significantly strengthen our ability to deliver the leading portfolio of integrated and open solutions that satisfy the widest range of customer needs.”