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Follow on Google News | BNA Makes Strategic Investment in LlesiantThe Bureau of National Affairs, the leading independent provider of specialized legal and business news and analysis, announced the closing of a Series A investment in Llesiant, an Austin-based technology leader in on-demand executive intelligence.
By: Llesiant The arrangement will provide each company with a valuable strategic partner as they seek to enhance their leadership positions in the information industry and fill the need for relevant and actionable intelligence for the legal, government, and business markets. As part of the funding arrangement, BNA will have representation on Llesiant’s Board of Directors, and the companies will work more closely together to maximize the strategic benefits of their collaboration. Through a closer affiliation, BNA and Llesiant will be able to exploit new market opportunities and create innovative information solutions for their customers. Both firms are actively building their capabilities to enable their clients to filter and deliver on-demand intelligence. The investment follows BNA’s successful 2008 launch of BNA Convergence ™, a unique information filtering solution for legal and corporate professionals that brings together BNA’s proprietary, mission-critical content with Llesiant’s leading-edge technology. “BNA’s proprietary content is enhanced by the power of Llesiant’s taxonomy-based filtering, extracting, and distribution technologies,” Llesiant’s technology advancements continue, because now, more than ever, the professionals we serve need targeted intelligence to be successful,” Mitch Scherr, Llesiant’s Chairman and Chief Executive Officer, said, "We are honored to welcome BNA, a well-respected leader in legal and business publishing, as a long-term investor and strategic partner of Llesiant. We are working together on next-generation information solutions that will provide executives and policy-makers with exactly the intelligence they need, when and how they need it. Today's investment will accelerate our technology and commercial plans to become the world leader in organizing, filtering and delivering on-demand executive intelligence.” About BNA BNA (www.bna.com) About Llesiant Llesiant (www.llesiant.com) # # # Llesiant is the technology leader in organizing, filtering and delivering on-demand executive intelligence to business and government. End
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