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Lexis-Nexis Group Acquires Book Publishing Co., Partners with CCH
The Lexis-Nexis Group has announced that it has acquired Book Publishing Co. (BPC), a leading producer of municipal codes and ordinances for local governments throughout the U.S. Lexis-Nexis Group has also announced that it has signed a long-term agreement with CCH, Inc. to bring CCH's authoritative collection of tax, securities, financial services, human resources, healthcare, and other specialized legal information to LEXIS-NEXIS subscribers via the Web.
Book Publishing Co.
BPC offers a complete range of code-related services to municipalities that help ensure their ordinances and resolutions are accurate, accessible, and up-to-date.
Based in Seattle, the company is the second-largest publisher of municipal codes and is the only codification company to develop and support industry-specific software, according to the announcement. BPC has published codified ordinances for more than 2,000 municipalities in nearly every state in the country. It was founded in 1951 and has current contracts with approximately 1,200 municipalities to publish their ordinances.
"The acquisition of Book Publishing Co. is a strong strategic fit with Lexis-Nexis Group," said Jim Smyth, senior vice president and publisher for Lexis-Nexis Small Law Firm and Government Markets. "Its content is targeted at one of the largest market segments for Lexis-Nexis: small law. With it, we can provide even better value-added, customizable information that will meet the specific needs of small law and solo practitioners."
Smyth said that BPC's relationship with its municipal customers is similar to the relationship Lexis-Nexis has with state governments for the production of their official state codes. Lexis-Nexis publishes annotated state codes for 35 states and territories.
Financial terms were not disclosed.
An extensive line of CCH titles will become part of the legal and tax collection on the lexis.com Web-based subscription research service. With this new agreement in place, LEXIS-NEXIS will be the only source other than CCH to offer the full line of key CCH products via the Web. CCH research, explanatory, and analytical products available via lexis. …