LexisNexis gets a new business partner
Investment firm Tsiya Group has acquired a minority interest in LexisNexis South Africa, one of the country’s leading providers of content and technology solutions for professionals in legal, corporate, tax, government, academic and non-profit organisations. The investment follows the acquisition by LexisNexis SA of Kagiso Media Limited’s 50 percent shareholding in LexisNexis SA in December 2011.
Tsiya Group chairman Fani Titi, who will join the LexisNexis SA board, says the investment rekindles a relationship with LexisNexis and its management team that began in 1997 when he served as the CEO of Kagiso Media.
LexisNexis SA CEO Billy Last agrees: “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.”
He adds that LexisNexis SA has 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, a privately owned investment group established in 2008, focuses on acquiring interests in unlisted businesses. It has a particular interest in the media and information industry and currently has a stake in two radio stations. The investment in LexisNexis serves as a natural extension of its involvement in the media and information industry.