LexisNexis: Homegrown Cardiff Company, Tracesmart®, Creates 40 New Jobs in Cardiff
October 15 2014 - 9:00AM
Business Wire
Tracesmart, a company founded and headquartered in Cardiff,
Wales, will be creating 40 jobs by the end of the year, increasing
employee numbers by more than 50 percent. The new roles, based in
Cardiff, include highly skilled IT developers and engineers and
will support Tracesmart as it becomes the U.K. center of excellence
for LexisNexis® Risk Solutions which acquired the company in April
2014. For more than 12 years, LexisNexis Risk Solutions has been
one of the fastest-growing divisions and a key area of strategic
focus of its parent company, Reed Elsevier®, one of the world’s
leading providers of digital content and professional information
solutions.
“The UK is a key expansion market for LexisNexis, on the basis
of scale and growth in demand for risk solutions. We have chosen to
invest in Cardiff to benefit from a thriving local IT industry and
to capitalise upon Tracesmart’s established business links in the
region,” said Rick Trainor, CEO of Business Services, LexisNexis
Risk Solutions.
New hires also will be working closely on the complete
integration of LexisNexis data, analytics and linking technologies
with Tracesmart’s solutions. Tracesmart solutions will transition
to the LexisNexis big data processing platform called HPCC Systems,
which is a high performance computing cluster platform. HPCC
Systems is one of the most advanced, fast-performing big data
processing technologies available today. It is an open source
platform and used to solve large-scale, complex data and analytics
challenges.
Hiring will continue throughout 2015, as Tracesmart expects to
add additional IT roles to respond to already high-volume customer
demand. Tracesmart supplies essential information that helps
customers across industries manage their various data requirements,
including predicting, assessing and managing risk.
LexisNexis is currently experiencing exceptionally strong demand
for data services in the compliance sector. This has been driven by
financial institutions seeking to respond to evolving financial
sanctions, terror watch-lists and a range of other emerging
regulatory requirements. The investment in Tracesmart forms a key
part of LexisNexis’ response to this customer need.
If you are an experienced IT professional interested in joining
the Tracesmart team, contact us today at
http://www.tracesmart.co.uk/about-us/careers.
About Tracesmart
Tracesmart is a leading provider of consumer intelligence
services, based in Cardiff, Wales. Specialists in the provision of
online tracing and identity verification solutions, Tracesmart is
prominent in the financial services, life and pension, collections
and insurance sectors. Its fraud prevention and anti-money
laundering solutions are employed by a growing legion of businesses
ranging from SME to FTSE 100 listed companies.
About LexisNexis Risk Solutions
LexisNexis Risk Solutions (www.lexisnexis.com/risk/) is a leader
in providing essential information that helps customers across
industries and government predict, assess and manage risk.
Combining cutting-edge technology, unique data and advanced
analytics, LexisNexis Risk Solutions provides products and services
that address evolving client needs in the risk sector while
upholding the highest standards of security and privacy. LexisNexis
Risk Solutions is part of Reed Elsevier, a world leading provider
of professional information solutions.
About Reed Elsevier
Reed Elsevier Group plc is a world leading provider of
professional information solutions. The group employs approximately
28,000 people of whom half are in North America. Reed Elsevier
Group plc is owned equally by two parent companies, Reed Elsevier
PLC and Reed Elsevier NV; the combined market capitalisation of the
two parent companies is approximately £19bn/€23bn. Its shares are
traded on the London, Amsterdam and New York Stock Exchanges using
the following ticker symbols: London: REL; Amsterdam: REN; New
York: RUK and ENL.
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Press Contact Only:LexisNexis Risk SolutionsJean Creech
AventCorporate Communications, Media & Analyst
Relations770-807-4816orCohn & Wolfe on behalf of LexisNexis
Risk SolutionsPaul Codd+44 (0) 207 331
5366Paul.codd@cohnwolfe.com