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Q: Size of the market for Nexis, Factiva, Dialog ( Answered 5 out of 5 stars,   1 Comment )
Question  
Subject: Size of the market for Nexis, Factiva, Dialog
Category: Business and Money > eCommerce
Asked by: researchondemand-ga
List Price: $25.00
Posted: 03 Jul 2003 10:23 PDT
Expires: 02 Aug 2003 10:23 PDT
Question ID: 224773
I am looking for an overview of the on line business, specifically,
the size of the market for the big three vendors, Dialog, Lexis/Nexis,
Factiva, Westlaw. I would like to know the size of this market,
the number of customers, revenues, etc. I am not interested in AOL,
Yahoo, or any other online service, just the major news aggregators. I
hope that Bobbie7 will take this one ;-)
Answer  
Subject: Re: Size of the market for Nexis, Factiva, Dialog
Answered By: bobbie7-ga on 03 Jul 2003 17:28 PDT
Rated:5 out of 5 stars
 
Hello Steve,

Thanks for asking for me to answer your question.


Digital Content Sales by Leslie Poole, CEO, Javien

“In recent times, the digital content marketplace has been exploding.
According to the Online Publishers Association, the number of U.S.
consumers willing to pay for online content increased by 5.3 million
between Q1 of 2001 and Q1 of 2002, hitting a record 12.4 million
people—or about 9.2% of the U.S. Internet population. All told, U.S.
consumers spent $675 million for online content in 2001, a 92%
increase over the year 2000. Both common sense and hard evidence
suggests that this growth spurt in digital content spending is just
beginning.

Perhaps even more important are signs that consumers are boosting
their digital content spending. Average spending per consumer shot up
46% from Q1 of 2001 to Q1 of 2002 alone, OPA research concluded. With
spending levels growing at this rate, it makes increasing sense for
publishers to cash in on the content they produce.”
 
EContent Magazine
http://www.econtentmag.com/downloads/whitepapers/leadershipseries/poole.htm



===================================================


Here is a list of the major Fee-Based Info Services - from scientific
databases and electronic journals to newsfeeds.

Information for each of the following fee-based-info-services
includes: profile, number of employees, year founded and chief
officer.
  
ACS Publications • Alacra, Inc. • AP Digital • Bloomberg, L.P. •
Comtex News Network • Consumer Reports • CSA • D&B • Delphion, Inc. •
EBSCO Information Services • ECNext • Edgar • Elsevier Science •
Factiva • FluentMedia • Gale Group • Hoover's, Inc. • Ingenta •
Internet Securities, Inc. • LexisNexis • Media General Financial
Services • OCLC, Inc. • OneSource Information Services, Inc. • Ovid •
ProQuest • Questel • Orbit • Reuters • STN International • Thomas
Derwent • Thomson Dialog • Thomson ISI • Thomson West

EContent Magazine
http://www.ecmag.net/EContent100/CategoryIndex.aspx?CategoryID=11



===================================================


===========
Lexis-Nexis
===========

“The LexisNexis Group unites strong brands, pioneering technologies
and premium information for customers globally in the legal,
corporate, government and education markets. Its products are
available via the Web; dial-up online, CD-ROM, and books. LexisNexis
delivers a high-quality resource with which to build legal research
and knowledge-management solutions for the entire enterprise. The
LexisNexis databases include:

- 2.9 trillion characters online

- 3.2 billion searchable documents

- 35 million images/attachments

- 11,900 databases

- 17.3 million documents added each week

- 2.2 million subscribers

- 700,000 plus searches per day

- 31,300 sources — 25,300 news and business and 6,000 legal”
 
http://www.lexisone.com/legalresearch/legalguide/internet_search_engines/legal_research_online.htm


LexisNexis Group

“Users in more than 100 countries count on LexisNexis Group to flex
its information muscle. A unit of publishing giant Reed Elsevier
Group, the company offers subscribers access to thousands of sources
-- including newspaper, magazine, and journal articles, and public
records -- through the Internet, CD-ROMs, and books. The bulk of its
content -- culled from more than 16,000 databases -- focuses on legal,
business, government, and tax information. LexisNexis launched the
Nexis news and business information research service in 1980; the
company became part of Reed Elsevier Group in 1994.”

2002 Sales (mil.): $2,163.7 
1-Yr. Sales Growth: 12.1% 

2002 Employees: 13,000 
1-Yr. Employee Growth: 8.3% 

CEO:Andrew Prozes 

CFO:Carolyn Ullerick

Source: Hoovers
http://www.hoovers.com/co/capsule/3/0,2163,43553,00.html


LexisNexis Facts

“LexisNexis online services average greater than 99.85 percent
availability and 99.85 percent reliability, and are available to 3.2
million subscribers.”

“The online services include 4.1 billion documents of source
information stored in the Dayton facility and also provide access to
several sources of externally hosted data, such as Dun & Bradstreet
Business Reports, Delaware Secretary of State, and Historical Quote.
State-of-the-art telecommunications systems, along with strategic
world class partners, provide resilient access to this data from sites
around the globe and throughout the LexisNexis data center.”

“The number of customer searches reached more than 500 million in
2002, an approximate 25 percent increase over 2001.”

http://www.lexisnexis.com/presscenter/mediakit/datacenter.asp


Financials
Please note: Reed Elsevier financials are quoted in British pounds.
The conversion rate used for U.S. dollars for 2002 is $1.50 and for
2001 is $1.44.
http://www.reed-elsevier.com/r-e/media/newsreleases/press2003/2003-02-20/


PowerPoint Presenttion
PRIMEX ’02 6 February 2002

“Reed Elsevier is a world leading publisher and information provider,
operating in four core segments.  Its principal activities are in
North America and Europe and the company employs approximately 36,000
people”

Table page 3 : Revenues
Chart page 20: Turnaround in LexisNexis Revenue Growth (1998-2001)
Chart page 21: LexisNexis Preference Overall in Law Schools (%)
Graph page 22: Number of Searches (millions)
http://www.idealliance.org/primex/presentations/02/mcgarr.ppt



======
Dialog 
======
  
“Dialog, a Thomson company, is a worldwide pioneer and leader in
providing online information services to organizations seeking
competitive advantages in such fields as business, science,
engineering, finance and law.”

- Over 15 terabytes of data
- Collection of 900 databases 
- Handles more than 700,000 searches
- Delivers over 17 million document page views per month. 

“Dialog offers 35 products and services, including the Dialog®,
DataStar(tm) and Profound® product lines. With the recent additions of
NewsEdge and Intelligence Data, Dialog now offers leading products
such as NewsEdge and Intelliscope(SM).”

“Dialog maintains direct operations in 32 countries around the world
with its worldwide headquarters in Cary, N.C., USA. Dialog's global
knowledge centers provide the highest levels of customer service to an
international professional audience of more than 25,000 corporate
clients and more than 100,000 professional researchers in over 103
countries.”
http://www.sla.org/chapter/cpnw/sponsors2001.htm#dialog


From Hoovers:

“The Dialog Corporation believes in open communication. The company
provides research services and information in the form of more than
1.4 billion unique records, accessible through the Internet or
corporate intranets, to companies in the fields of science,
engineering, finance, and law. Dialog's sources include 900 databases
of intellectual property, such as scientific and technical research
reports, journal articles, and business, news, and industry
publications. In 2001 the company was purchased by Thomson Financial,
which integrated its NewsEdge subsidiary with Dialog to create Dialog
NewsEdge.”

2002 Employees: 750

http://www.hoovers.com/co/capsule/0/0,2163,109150,00.html


“Dialog is a business of The Thomson Corporation. Thomson, with 2002
revenues of US$7.8 billion, is a global leader in providing integrated
information solutions to business and professional customers. Thomson
provides value-added information, software tools and applications to
more than 20 million users in the fields of law, tax, accounting,
financial services, higher education, reference information, corporate
training and assessment, scientific research and healthcare.”
http://www.hoovers.com/cgi-bin/offsite?site=HBN&url=http://www.dialog.com/pressroom



“Dialog, a pioneer in developing the technology behind electronic
information retrieval, is the world leader in providing online-based
information services to organizations seeking competitive advantages
in such fields as business, science, engineering, finance and law.”


“Based in Cary, N.C., USA, Dialog has operations in 28 other
countries. Dialog (www.dialog.com) is a business of The Thomson
Corporation (TSX: TOC; NYSE: TOC). With 2002 revenues of US$7.8
billion, Thomson (www.thomson.com) is a global leader in providing
integrated information solutions to business and professional
customers.”

Dialog Pressroom: June 2003
http://www.dialog.com/pressroom/2003/cominfo_060203.shtml



===================================================

=======
Factiva    
=======

“Factiva, a Dow Jones & Reuters Company, provides world-class global
news and business information through its Web sites and content
integration solutions. Factiva's mission is to be the indispensable
provider of business information and customized solutions, which
inspire its customers' best business decisions, globally and locally.
Factiva's business information includes Dow Jones and Reuters
Newswires, The Wall Street Journal, and nearly 8,000 other sources
from around the world, plus 8,500 business-related Web sites. These
sources provide current news, historical articles, local-language
articles, market research and investment analyst reports, and stock
quotes.”

- 47 offices in 28 countries
- Customer help desks covering Europe, Asia and the Americas
 
http://www.sla.org/chapter/cpnw/sponsors.htm#factiva



Microsoft Office 2003 Opens New Market to Fee-Based Information
Services by Barbara Quint

“A beta version of the upgraded Microsoft Office 2003 suite has gone
out to half a million users. (..)  Right-clicking on a highlighted
term anywhere in the five basic software packages will call up the
Look-Up feature, which introduces a Research Task Pane that links to
commercial fee-based search service offerings.”

“The initial vendor offerings include Factiva’s Publications Library,
Gale’s Company Profiles, and Alacritude’s eLibrary. All the vendors
partnering with Microsoft require payments, including, in some cases,
subscription payments.”

(..)

“The Factiva News Search option taps all 8,000 sources compiled in
Factiva’s Publications Library. Clare Hart, president and CEO of
Factiva, commented: “We view this as a long-term collaboration to
solve some basic business issues in a modern way. Microsoft Office
2003 promises to be a major platform for exciting new enterprise
productivity solutions.”

Source: Info Today
http://www.infotoday.com/newsbreaks/nb030317-1.shtml



“Factiva competes with various business information service providers,
including Dialog Corp., a division of The Thomson Corporation; and
Lexis-Nexis, a division of Reed Elsevier Plc. Factiva also
competes with various online, Web-based information services.”
http://www.dowjones.com/IRinfo/10K2002.pdf



Factiva Enters Corporate Portal Market With New Service. 
21st July 2000 

“Reports that the Enterprise Information Portal market is expected to
more than triple in size within the next two years has created a stir
among members of the online information market. Companies ranging from
Yahoo! to OneSource have stepped forward with new services designed to
meet the demand for EIPs and others are preparing to follow. With the
release of its new EIP service, Factiva Publisher, electronic
information industry heavyweight Factiva has thrown its hat into the
EIP ring. Factiva chief executive officer Clare Hart has made no
secret that Factiva's top priority is becoming the leader in the
market. (..) The EIP market is expected to grow from $4.4 billion in
1999 to $14.4 billion by 2002.
http://www.factiva.com/press/presscoverage/eif.asp?node=left-side-menu5


===================================================


=======
Westlaw
=======

“Westlaw is the leading online legal research service, providing the
broadest collection of legal resources, news, business and public
records information. Westlaw helps legal professionals conduct their
research easier and faster.”
http://www.westlaw.com/about/#

- Nearly 1 million users in the United States

About West
Headquartered in Eagan, Minn., West is the foremost provider of
integrated information solutions to the U.S. legal market. West is a
business within The Thomson Corporation (NYSE: TOC; TSX: TOC) and was
formed when West Publishing and Thomson Legal Publishing merged in
June 1996.
http://west.thomson.com/aboutus/news/wlprofiler.asp


“Preliminary results of the ABA's 2001 Legal Technology Resource
Center Survey shows that 55.4% of the respondents who access federal
case law use West products, compared to 34.8% who use LexisNexis
products.”
http://www.westlaw.com/about/abasurvey.pdf


“Westlaw is the winner of the Legal Research Service category in the
8th Annual Readers' Choice Awards conducted by Law Office Computing.
Westlaw has won Law Office Computing's Readers' Choice Award six
consecutive years and 7 times in the 8 year history of the award.”
http://www.westlaw.com/About/ReadersChoice.pdf

West Group at Hoovers
http://www.hoovers.com/co/capsule/0/0,2163,41700,00.html


===================================================




Top 3 Sources used for General Research
Dialog Corp. – Dialog    67%
LEXIS-NEXIS              66%
Factiva – Dow Jones      50%


Top 3 Sources used most often for General Research
LEXIS-NEXIS               26%
Dialog Corp. – Dialog     19%
Factiva – Dow Jones       12%


Top 3 Sources used for Legal Research
Federal websites          88%
State websites            88%
West                      86%


Top 3 Sources used most often for Legal Research
West                      46%
LEXIS-NEXIS               31%
Federal websites          85%


Information Technology:  Top 3 Aggregators Used
Dialog Corp. – Dialog     55%
LEXIS-NEXIS               43%
Factiva – Dow Jones       40%


Information Technology: Top 3 Aggregators Used Most Often
Factiva – Dow Jones       17%
LEXIS-NEXIS               17%
Dialog Corp. – Dialog     14%


http://www.databeacon.com/rele53/rele/user/api_examples/marketresearch/html/report.pdf



===================================================


Lehman Brothers - European Media Conference
Brian H. Hall President and Chief Executive Officer
Thomson Legal & Regulatory
June 10, 2003
38 page publication

Chart on page 5:
Market leaders in information solutions in US$ mil. 

Pie Chart page 6:
Revenues by geography

Table page 14:
Legal and regulatory market snapshot

Graph page 30:
Law school preference West or Lexis 2001-2002

http://www.thomson.com/cms/assets/pdfs/corporate/Lehman_061003_slides.pdf

===================================================


Additional information that may interest you:

Articles: Fee-Based Information Services
http://www.ecmag.net/Articles/ArticleIndex.aspx?CategoryID=10




Search Criteria:

Online information market billion Dialog Factiva Lexis
“Business information service providers"
Proprietary database market
Commercial database market
Proprietary database market
Commercial database market
The commercial database industry
Database Retailers
Industry Trends of Databases
Commercial databases
Professional information market
"Professional information market" billion
Information Collection & Delivery Services market billion
Commercial database market billion Forbes
Major news aggregators
Lexisnexis million customers OR users OR subscribers
Factiva million customers OR users OR subscribers
Dialog million customers OR users OR subscribers
Westlaw million customers OR users OR subscribers
Revenues


I hope that this information meets your needs.

Best Regards,
Bobbie7-ga
researchondemand-ga rated this answer:5 out of 5 stars and gave an additional tip of: $5.00
You are Number One!

Comments  
Subject: Re: Size of the market for Nexis, Factiva, Dialog
From: bobbie7-ga on 03 Jul 2003 19:13 PDT
 
Steve,
Thank you for the nice comment, five stars and tip!
--Bobbie7

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