Investment firm Tsiya Group, chaired by Fani Titi, has acquired a minority interest in LexisNexis® South Africa (www.lexisnexis.co.za), one of the country’s leading providers of content and technology solutions for professionals in legal, corporate, tax, government, academic and non-profit organizations.
The investment follows the acquisition by LexisNexis South Africa of Kagiso Media Limited’s 50% shareholding in LexisNexis South Africa in December 2011.
Titi, who will join the LexisNexis South Africa board, said: “This investment rekindles a relationship with LexisNexis and its management team that began in 1997, when I served as the CEO of Kagiso Media. LexisNexis is a market leader, and the investment allows us to form a long term partnership with Reed Elsevier.”
“We’re delighted to have concluded the deal with a person who knows our business well and with a group that can offer us significant strategic value,” said LexisNexis South Africa CEO Billy Last. “We have been incredibly successful in moving from being a pure publishing business into a much broader range of workflow and information solutions for professionals. The company has a very specific digital strategy, which is driving new product and creating significant opportunities for LexisNexis.”
Tsiya is a privately owned investment group that was established in 2008 and focuses on acquiring interests in unlisted businesses. It has a particular interest in the media and information industry and is currently invested in two radio stations, namely Heart FM (which broadcasts in the Western Cape) and Gagasi FM (which broadcasts in KwaZulu Natal). The investment in LexisNexis South Africa serves as a natural extension of Tsiya’s involvement in the media and information industry.
About LexisNexis Legal & Professional
LexisNexis Legal & Professional (www.lexisnexis.com) is a leading global provider of content and technology solutions that enable professionals in legal, corporate, tax, government, academic and non-profit organizations to make informed decisions and achieve better business outcomes. As a digital pioneer, the company was the first to bring legal and business information online with its Lexis® and Nexis® services. Today, LexisNexis Legal & Professional harnesses leading-edge technology and world-class content, to help professionals work in faster, easier and more effective ways. Through close collaboration with its customers, the company ensures organizations can leverage its solutions to reduce risk, improve productivity, increase profitability and grow their business. Part of Reed Elsevier, LexisNexis Legal & Professional serves customers in more than 100 countries with 10,000 employees worldwide.
In South Africa, LexisNexis’s (www.lexisnexis.co.za) unique combination of Butterworths authoritative content and powerful online research offers an extensive range of print and online research solutions for professionals, government, business and students. In addition, with professional seminars, practical training, safety, health and environment compliance and online access to public record information, LexisNexis helps customers reach decisions confidently.