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BNA Makes Strategic Investment in Llesiant

NEWS RELEASE

Contact for BNA:
Karen James Cody
(703) 341-3476
presscontact@bna.com

Contact for Llesiant:
Jeremy Eagle
(646) 786-1864
Jeremy.eagle@llesiant.com

Arlington, Va. (March 16, 2009) – BNA (The Bureau of National Affairs, Inc.), the leading independent provider of specialized legal and business news and analysis, today announced the closing of a Series A investment in Llesiant, the Austin-based technology leader in on-demand executive intelligence. The BNA investment bolsters Llesiant’s capital position to fund its growth strategy.

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,” said Greg McCaffery, BNA President and Chief Operating Officer. “BNA’s investment in Llesiant is intended to ensure that Llesiant’s technology advancements continue, because now, more than ever, the professionals we serve need targeted intelligence to be successful,” McCaffery said.

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) is the leading independent publisher of print and electronic news, analysis and reference products for professionals. Delivering specialized information to business, legal and government professionals at every level of expertise, BNA produces more than 350 news and information services covering the full range of legal, legislative, regulatory and economic developments that affect the global and national business environment. BNA’s publications include the highly respected Daily Labor Report, U.S. Law Week and Daily Report for Executives. BNA is headquartered in Arlington, Virginia.

About Llesiant

Llesiant (www.llesiant.com) is a technology leader in organizing, filtering and delivering intelligence for business and government. Llesiant offers Relevance 3.0, a next-generation platform for both providers and users of information. Llesiant’s platform includes an automatic content indexing service, a comprehensive taxonomy of business, law and government, a patent-pending taxonomical search engine, and a custom publishing tool that supports multiple formats and syndicates over 40,000 global and local sources of information. Llesiant is a software-as-a-service company headquartered in Austin, Texas with offices in New York City and representatives nationwide.

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BNA is the leading independent publisher of print and electronic news and information for professionals in business and government. BNA produces more than 300 news services, including the highly respected Daily Labor Report, U.S. Law Week,and Daily Report for Executives. Visit BNA online at www.bna.com