Bloomberg Law
Nov. 23, 2015, 2:23 PM UTC

LexisNexis Acquires Lex Machina

Casey Sullivan

LexisNexis, a legal research company, announced on Monday that it has acquired Lex Machina, a litigation analytics platform.

Terms of the transaction were not disclosed, but a source familiar with the deal said that Lex Machina has somewhere between $5 to $8 million in annual revenue. It was seeking to be bought for $30 to $35 million, this person said.

Lex Machina, founded in 2010, provides analytics primarily around IP litigation, mining data about judges, lawyers, parties and patents to inform lawyers’ litigation strategy, according to the company’s web site.

With the transaction, which closed on Friday, Lex Machina will ...

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