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Thomson Reuters is the worlds leading source ofintelligent information for businesses andprofessionals.
We provide intelligent information to the worlds businesses and professionals, serving four
primary customer groups. We have a leading market position, with well recognized and
respected brands in each of our principal markets.
At Thomson Reuters, we're in the business of turning change
into opportunity.
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Balanced Portfolio of Business
We believe our portfolio of assets is well diversified by product and customer. This chart
illustrates the diversity of our business.
CASH FLOW
In Millions of U.S. Dollars (Unaudited)2011
2012
REVENUE PROFILE
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(Unaudited)
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BUSINESS SEGMENT REVENUE
In Millions of U.S. Dollars (Unaudited)
Twelve Months Ended December 31,
Revenues 2012 2011(1) Change Organic
Trading $ 3,345 $ 3,537 -5% -3%
Investors 2,416 2,472 -2% -2%
Marketplaces 1,213 1,134 7% 1%
Governance, Risk & Compliance 219 154 42% 17%
Financial & Risk 7,193 7,297 -1% -1%
Legal 3,286 3,221 2% 1%
Tax & Accounting 1,206 1,050 15% 5%
Intellectual Property & Science 894 852 5% 3%
Corporate & Other (includes Media) 331 336 -1% 1%
Eliminations (11) (13)
Revenues from Ongoing Businesses(2)efore Currency 12,899 12,743
1%3% 0%
Other Businesses(3) 379 1,064
Revenues $ 13,278 $ 13,807 -4%
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1
Footnotes
1Prior-period amounts have been reclassified to reflect the current presentation.
2Revenues from ongoing businesses are revenues from reportable segments and Corporate &
Other (which includes the Media business) less eliminations. Other businesses (see note (3)
below) are excluded. To facilitate comparison of actual results to the 2012 business outlook,
ongoing businesses include the Financial & Risk segment's Investor Relations, Public Relations
and Multimedia businesses (Corporate Services), which were announced for sale in December
2012.
3Other businesses are businesses that have been or are expected to be exited through sale or
closure that did not qualify for discontinued operations classification, except for Corporate
Services (see note (2) above).
Twelve Months Ended
December 31,
(Millions of U.S. dollars) 2012 2011
Other Businesses
Revenues $ 379 $1,064
Operating Profit 18 238
Depreciation and Amortization of
Computer Software 5 55
EBITDA 23 293
Capital Expenditures Less Proceeds from
Disposals $ 15 $ 75
4Thomson Reuters defines adjusted EBITDA as underlying operating profit excluding the
related depreciation and amortization of computer software but including integration
programs expenses. Adjusted EBITDA margin is adjusted EBITDA expressed as a percentage of
revenues from ongoing businesses. Capital expenditures less proceeds from disposals
(excluding Other businesses (see note (3) above) are also removed to arrive at adjusted
EBITDA less capital expenditures.
5Underlying operating profit is operating profit from reportable segments and Corporate &
Other (includes Media). Underlying operating profit margin is the underlying operating profit
expressed as a percentage of revenues from ongoing businesses.
6Adjusted earnings and adjusted earnings per share include dividends declared on preference
shares and integration programs expenses, but exclude the pre-tax impacts of amortization of
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other identifiable intangible assets as well as the post-tax impacts of fair value adjustments,
other operating (gains) and losses, certain impairment charges, the results of Other
businesses (see note (3) above), other finance (income) costs, Thomson Reuters share of
post-tax earnings and impairment in equity method investees, discontinued operations and
other items affecting comparability. Adjusted earnings per share is calculated using diluted
weighted average shares and does not represent actual earnings or loss per share
attributable to shareholders.
7Free cash flow is net cash provided by operating activities less capital expenditures, other
investing activities and dividends paid on the company's preference shares. Other businesses
(see note (3) above) are also removed to arrive at free cash flow from ongoing businesses
2
Footnotes
1Prior-period amounts have been reclassified to reflect the current presentation.
2Revenues from ongoing businesses are revenues from reportable segments and Corporate &
Other (which includes the Media business) less eliminations. Other businesses (see note (3)
below) are excluded. To facilitate comparison of actual results to the 2012 business outlook,
ongoing businesses include the Financial & Risk segment's Investor Relations, Public Relations
and Multimedia businesses (Corporate Services), which were announced for sale in December
2012.
3Other businesses are businesses that have been or are expected to be exited through sale or
closure that did not qualify for discontinued operations classification, except for CorporateServices (see note (2) above).
Twelve Months Ended
December 31,
(Millions of U.S. dollars) 2012 2011
Other Businesses
Revenues $ 379 $1,064
Operating Profit 18 238
Depreciation and Amortization of Computer
Software 5 55
EBITDA 23 293
Capital Expenditures Less Proceeds from
Disposals $ 15 $ 75
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4Thomson Reuters defines adjusted EBITDA as underlying operating profit excluding the related
depreciation and amortization of computer software but including integration programs
expenses. Adjusted EBITDA margin is adjusted EBITDA expressed as a percentage of revenues
from ongoing businesses. Capital expenditures less proceeds from disposals (excluding Other
businesses (see note (3) above) are also removed to arrive at adjusted EBITDA less capital
expenditures.
5Underlying operating profit is operating profit from reportable segments and Corporate &
Other (includes Media). Underlying operating profit margin is the underlying operating profit
expressed as a percentage of revenues from ongoing businesses.
6Adjusted earnings and adjusted earnings per share include dividends declared on preference
shares and integration programs expenses, but exclude the pre-tax impacts of amortization of
other identifiable intangible assets as well as the post-tax impacts of fair value adjustments,
other operating (gains) and losses, certain impairment charges, the results of Other businesses
(see note (3) above), other finance (income) costs, Thomson Reuters share of post-tax earnings
and impairment in equity method investees, discontinued operations and other items affecting
comparability. Adjusted earnings per share is calculated using diluted weighted average shares
and does not represent actual earnings or loss per share attributable to shareholders.
7Free cash flow is net cash provided by operating activities less capital expenditures, other
investing activities and dividends paid on the company's preference shares. Other businesses
(see note (3) above) are also removed to arrive at free cash flow from ongoing businesses.
BUSINESS SEGMENT ADJUSTED EBITDA(4 )
In Millions of U.S. Dollars (Unaudited)
Twelve Months Ended December 31,
Adjusted EBITDA 2012 2011(1) Change
Financial & Risk $ 1,842 $ 1,972 -7%
Legal 1,243 1,210 3%
Tax & Accounting 376 332 13%
Intellectual Property & Science 303 296 2%
Corporate & Other (includes Media) (235) (227)
Integration programs expenses - (215)
Adjusted EBITDA $ 3,529 $ 3,368 5%
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BUSINESS SEGMENT UNDERLYING OPERATING PROFIT(5 )
In Millions of U.S. Dollars (Unaudited)
Twelve Months Ended December 31,
Underlying Operating Profit 2012 2011(1) Change
Financial & Risk $ 1,215 $ 1,396 -13
Legal 964 941 2
Tax & Accounting 261 237 10
Intellectual Property & Science 235 237 -1
Corporate & Other (includes Media) (270) (270)
Underlying Operating Profit $ 2,405 $ 2,541 -5
BUSINESS SEGMENT ADJUSTED EBITDA(4 )AND ADJUSTED EBITDA LESS CAPITAL
EXPENDITURES
In Millions of U.S. Dollars (Unaudited)
Twelve Months Ended December 31,
Adjusted EBITDA 2012 2011(1) Change
Financial & Risk $ 1,842 $ 1,972 -7%
Legal 1,243 1,210 3%
Tax & Accounting 376 332 13%
Intellectual Property & Science 303 296 2%
Corporate & Other (includes Media) (235) (227)
Integration programs expenses - (215)
Adjusted EBITDA 3,529 3,368 5%
Less: Capital expenditures, less proceedsfrom disposals(excluding Other businesses)(3) 962 966 0%
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Adjusted EBITDA less capital
expenditures(4) $ 2,567 $ 2,402 7%
CONSOLIDATED INCOME STATEMENT
Twelve Months Ended December 31,
2012 2011
Revenues $ 13,278 $ 13,807
Operating Expenses (9,762) (9,997)
Depreciation (429) (438)
Amortization of Computer Software (700) (659)
Amortization of Other Identifiable Intangible Assets (619) (612)
Goodwill Impairment - (3,010)
Other Operating Gains, Net 883 204
Operating Profit (Loss) 2,651 (705)
Finance Costs, Net:
Net Interest Expense (390) (396)
Other Finance Income (Costs) 40 (15)
Income (Loss) Before Tax and Equity Method Investees 2,301 (1,116)
Share of Post-Tax Earnings and Impairment in Equity MethodInvestees (23) 13
Tax Expense (157) (293)
Earnings (Loss) from Continuing Operations 2,121 (1,396)
Earnings from Discontinued Operations, Net of Tax 2 4
et Earnings (Loss) 2,123 (1,392)
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In Millions of U.S. Dollars, except per share amounts
Earnings (Loss) Per Share
Basic Earnings (Loss) Per Share:
From Continuing Operations $ 2.50 $ (1.68)
From Discontinued Operations - 0.01
Basic Earnings (Loss) Per Share $ 2.50 $ (1.67)
Diluted Earnings (Loss) Per Share:
From Continuing Operations $ 2.49 $ (1.68)
From Discontinued Operations - 0.01
Diluted Earnings (Loss) Per Share $ 2.49 $ (1.67)
CONSOLIDATED STATEMENT OF FINANCIAL POSITION
In Millions of U.S. Dollars
Twelve Months Ended December 31,
Assets 2012 2011
Cash and Cash Equivalents $ 1,301 $ 422
Trade and Other Receivables 1,835 1,984
Other Financial Assets 72 100
Prepaid Expenses and Other Current Assets 641 641
Current Assets Excluding Assets Held for Sale 3,849 3,147
Assets Held for Sale 302 767
Earnings (Loss) Attributable to:
Common Shareholders 2,070 (1,390)
on-Controlling Interests 53 (2)
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Current Assets 4,151 3,914
Computer Hardware and Other Property, Net 1,423 1,509
Computer Software, Net 1,682 1,640
Other Identifiable Intangible Assets, Net 8,135 8,471
Goodwill 16,256 15,932
Other Financial Assets 360 425
Other Non-Current Assets 515 535
Deferred Tax 50 50
Total Assets $ 32,572 $ 32,476
Liabilities and Equity
Liabilities
Current Indebtedness $ 1,008 $ 434
Payables, Accruals and Provisions 2,633 2,675
Deferred Revenue 1,224 1,379
Other Financial Liabilities 95 81
Current Liabilities Excluding LiabilitiesAssociated with Assets Held for Sale 4,960 4,569
Liabilities Associated with Assets Held for Sale 35 35
Current Liabilities 4,995 4,604
Long-Term Indebtedness 6,223 7,160
Provisions and Other Non-Current Liabilities 2,514 2,513
Other Financial Liabilities 37 27
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Deferred Tax 1,305 1,422
Total Liabilities $ 15,074 $ 15,726
Equity
Capital 10,371 10,288
Retained Earnings 8,311 7,633
Accumulated Other Comprehensive Loss (1,537) (1,516)
Total Shareholders Equity 17,145 16,405
on-Controlling Interests 353 345
Total Equity 17,498 16,750
Total Liabilities and Equity $ 32,572 $ 32,476
In Millions of U.S. Dollars
Twelve Months Ended December 31,
Cash Provided By (Used In): 2012 2011
Operating Activities
et Earnings (Loss) $ 2,123 $ (1,392)
Adjustments for:
Depreciation 429 438
Amortization of Computer Software 700 659
Amortization of Other Identifiable IntangibleAssets 619 612
Goodwill Impairment - 3,010
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Net Gains on Disposals of Businesses andInvestments (829) (388)
Deferred Tax (118) (202)
Other (61) 139
Changes in Working Capital and Other Items (159) (279)
et Cash Provided by Operating Activities 2,704 2,597
Investing Activities
Acquisitions, Net of Cash Acquired (1,301) (1,286)
Proceeds from Other Disposals, Net of TaxesPaid 1,901 415
Capital Expenditures, Less Proceeds fromDisposals (977) (1,041)
Other Investing Activities 13 49
Investing Cash Flows from ContinuingOperations (364) (1,863)
Investing Cash Flows from DiscontinuedOperations 90 56
et Cash Used in Investing Activities (274) (1,807)
Financing Activities
Proceeds from Debt - 349
Repayments of Debt (2) (648)
et (Repayments) Borrowings Under Short-TermLoan Facilities (422) 400
Repurchases of Common Shares (168) (326)
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Dividends Paid on Preference Shares (3) (3)
Dividends Paid on Common Shares (1,021) (960)
Other Financing Activities 65 (39)
et Cash Used in Financing Activities (1,551) (1,227)
Translation Adjustments on Cash and CashEquivalents - (5)
Increase (Decrease) in Cash and CashEquivalents 879 (442)
Cash and Cash Equivalents at Beginning ofPeriod 422 864
Cash and Cash Equivalents at End of Period $ 1,301 $ 422
DIVIDEND HISTORY
U.S. Dollars Per Share (Unaudited)
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Thomson Reuters Corporation is amultinationalmedia and information firm based inNew
York City.[3]
It was created by theThomson Corporation's purchase of British-basedReuters
Groupon 17 April 2008.[4]
The Woodbridge Company, a holding company for the Thomson
family of Canada, owns 53% of the group,[5]
which operates in more than 100 countries, and has
more than 60,000 employees.[2]Thomson Reuters was ranked as Canada's "leading corporate
brand" in the 2010InterbrandBest Canadian Brands ranking.[6]It is headquartered at3 Times
Square,Manhattan, New York City.
Contents
[hide]
1 History
o 1.1 The Thomson Corporation
o 1.2 Reuters Group
o 1.3 Post acquisition
2 Operations
3 Market position and antitrust review
4 Purchase process
5 Acquisitions
6 Sponsorships
7 See also
8 References
9 Further reading
10 External links
History[edit source|editbeta]
The Thomson Corporation[edit source|editbeta]
Main article:The Thomson Corporation
The Company was founded byRoy Thomsonin 1934 inOntarioas thepublisherofThe Timmins
Daily Press. In 1953 Thomson acquired theScotsmannewspaper and moved toScotlandthe
following year. He consolidated his media position in Scotland in 1957 when he won
thefranchiseforScottish Television. In 1959 he bought the Kemsley Group, a purchase that
eventually gave him control of theSunday Times. He separately acquired theTimesin 1967. He
moved into the airline business in 1965, when he acquiredBritannia Airwaysand into oil and gas
exploration in 1971 when he participated in a consortium to exploit reserves in theNorth Sea. In
the 1970s, following the death ofLord Thomson, the Company withdrew from media selling
the Times, the Sunday Times and Scottish Television and instead moved into publishing,
buyingSweet & Maxwellin 1988. In 1989, Thomson Newspapers was merged with The
Thomson Corporation. In 1996 The Thomson Corporation effectively doubled its size and
ensured future profitability by purchasingWest Publishing, a purveyor of legal research and
solutions includingWestlaw.[7]
Reuters Group[edit source|editbeta]
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en.wikipedia.org/wiki/Manhattanhttp://en.wikipedia.org/wiki/3_Times_Squarehttp://en.wikipedia.org/wiki/3_Times_Squarehttp://en.wikipedia.org/wiki/Thomson_Reuters#cite_note-6http://en.wikipedia.org/wiki/Interbrandhttp://en.wikipedia.org/wiki/Thomson_Reuters#cite_note-About_Us-2http://en.wikipedia.org/wiki/Thomson_Reuters#cite_note-5http://en.wikipedia.org/wiki/The_Woodbridge_Companyhttp://en.wikipedia.org/wiki/Thomson_Reuters#cite_note-4http://en.wikipedia.org/wiki/Reuters_Grouphttp://en.wikipedia.org/wiki/Reuters_Grouphttp://en.wikipedia.org/wiki/Thomson_Corporationhttp://en.wikipedia.org/wiki/Thomson_Reuters#cite_note-3http://en.wikipedia.org/wiki/New_York_Cityhttp://en.wikipedia.org/wiki/New_York_Cityhttp://en.wikipedia.org/wiki/Multinational_corporation7/30/2019 Thomson Reuters analysis
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Main article:Reuters Group
The Company was founded byPaul Julius Reuterin 1851 in London as a business transmitting
stock market quotations.[7]Reuter set up his "Submarine Telegraph" office in October 1851 and
negotiated a contract with theLondon Stock Exchangeto provide stock prices from the
continental exchanges in return for access to London prices, which he then supplied tostockbrokers in Paris, France.
[7]In 1865, Reuters in London was the first organization to report
the assassination ofAbraham Lincoln.[7]
The company was involved in developing the use
ofradioin 1923.[7]
It was acquired by the British National & Provincial Press in 1941 and first
listed on the London Stock Exchange in 1984.[7]
Reuters began to grow rapidly in the 1980s,
widening the range of its business products and expanding its global reporting network for
media, financial and economic services: key product launches included Equities 2000
(1987),Dealing 2000-2(1992), Business Briefing (1994), Reuters Television for the financial
markets (1994), 3000 Series (1996) and theReuters 3000 Xtraservice (1999)and Thomson
Reuters Eikon (2011).[7]
Post acquisition[edit source|editbeta]The Thomson Corporation acquired Reuters Group PLC to form Thomson Reuters on April 17,
2008.[8]
Thomson Reuters operated under adual-listed company(DLC) structure and had two
parent companies, both of which were publicly listed Thomson Reuters Corporation and
Thomson Reuters PLC. In 2009, it unified its dual listed company structure and stopped its listing
on the London Stock Exchange andNASDAQ. It is now listed only as Thomson Reuters
Corporation on theNew York Stock ExchangeandToronto Stock Exchange(symbol: TRI).[9][10]
In June 2008, it was reported that it would be launching a news channel to
rivalBloombergandCNBC.[11]
This turned out to be false.
On February 13, 2013, Thomson Reuters announced it will cut 2,500 jobs to cut cost in its Legal,Financial and Risk division.
[12]
Operations[edit source|editbeta]
The Chief executive of the combined company isJim Smith, who was the chief executive for the
Professional Division, and the chairman isDavid Thomson, who was the chairman of
Thomson.[13][14][15]
In late 2011, The company announced a new organizational structure with five divisions:[16]
Financial and Risk Operation:
Financial Professionals & Marketplaces
Enterprise Solutions
Media
Legal:
Formerly North American Legal and Legal & Regulatory; including West, makers
ofWestlaw, andCarswell
Intellectual Property & Science:
FormerlyThomson HealthcareandThomson Scientific
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Thomson Reuters analysis
17/20
Thomson Healthcare and Thomson Scientific were merged, then sold in 2012, and is
nowTruven Health Analytics.
Tax & Accounting:
Formerly Thomson Tax & Accounting
Thomson Reuters shares are listed on the Toronto Stock Exchange (TSX: TRI) and the New
York Stock Exchange (NYSE: TRI).
Market position and antitrust review[edit source|editbeta]
Thomson Reuters Building as seen from 8th Avenue.
The transaction was reviewed by theU.S. Department of Justiceand by theEuropean
Commission. On February 19, 2008, both the Department of Justice and the Commission
cleared the transaction subject to minor divestments.[17]The Department of Justice required the
parties to sell copies of the data contained in the following products: Thomson's WorldScope, a
global fundamentals product; Reuters Estimates, an earnings estimates product; and Reuters
Aftermarket (Embargoed) Research Database, an analyst research distribution product. The
proposed settlement further requires the licensing of related intellectual property, access to
personnel, and transitional support to ensure that the buyer of each set of data can continue to
update its database so as to continue to offer users a viable and competitive product.[18]
The
European Commission imposed similar divestments: according to the Commission's pressrelease, "the parties committed to divest the databases containing the content sets of such
financial information products, together with relevant assets, personnel and customer base as
appropriate to allow purchasers of the databases and assets to quickly establish themselves as a
credible competitive force in the marketplace in competition with the merged entity, re-
establishing the pre-merger rivalry in the respective fields."[19]
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Thomson Reuters Building in Canary Wharf, London
These remedies are viewed as very minor given the scope of the transaction. According to the
Financial Times, "the remedy proposed by the competition authorities will affect no more than
$25m of the new Thomson Reuters groups $13bn-plus combined revenues."[20]
The transaction was cleared by the Canadian Competition Bureau.[21]
In November 2009, The European Commission opened formal anti-trust proceedings[22]against
Thomson Reuters concerning a potential infringement of the EC Treaty's rules on abuse of a
dominant market position (Article 82). The Commission investigated Thomson Reuters' practices
in the area of real-time market datafeeds, and in particular whether customers or competitors
were prevented from translating Reuters Instrument Codes (RICs) to alternative identification
codes of other datafeed suppliers (so-called 'mapping') to the detriment of competition. In
December 2012, the European Commission adopted a decision that renders legally binding the
commitments offered by Thomson Reuters to create a new licence ("ERL") allowing customers,
for a monthly fee, to use Reuters Instrument Codes (RICs) in applications for data sourced from
Thomson Reuters' real time consolidated datafeed competitors to which they have moved.[23]
Purchase process[edit source|editbeta]
Historically, no single individual has been permitted to own more than 15% of Reuters, under the
first of the Reuters Principles, which states, "Reuters shall at no time pass into the hands of any
one interest, group or faction."[24]However, that restriction was waived for the purchase by
Thomson, whose family holding company, the Woodbridge Company currently owns 53% of the
enlarged business. Robert Peston, business editor atBBC News, stated that this has worried
Reuters journalists, both because they are concerned that Reuters' journalism business will be
marginalized by the financial data provision business of the combined company, and because of
the threat to Reuters's reputation for unbiased journalism by the appearance of one majority
shareholder.Pehr Gyllenhammar, chairman of the Reuters Founders Share Company, explained
that the Reuters Trust's First Principle had been waived for the Thomson family because of the
poor financial circumstances that Reuters had been in, stating, "The future of Reuters takes
precedence over the principles. If Reuters were not strong enough to continue on its own, the
principles would have no meaning." He stated, not having met David Thomson but having
discussed the matter with Geoff Beattie, the president of Woodbridge, that the Thomson family
had agreed to vote as directed by the Reuters Founders Share Company on any matter that the
trustees might deem to threaten the five principles of the Reuters Trust. Woodbridge will be
allowed an exemption from the First Principle as long as it remains controlled by the Thomson
family.[25][26][27][28]
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Acquisitions[edit source|editbeta]
In July 2009 Thomson Reuters acquired Streamlogics.[29]
Founded in 1999, Streamlogics is a
provider of customizable, high volume, real time data mining solutions[30]
for hundreds of
enterprises across several verticals including financial services, technology and health care/life
sciences. Streamlogics' webcasting solutions are used for training and certification, marketingand lead generation, and corporate communications.
[31]
In August 2009 Thomson Reuters boughtVhayu Technologies. Vhayu is a provider oftickdata
services, and Thomson Reuters had been distributing its Velocity product under the Reuters Tick
Capture Engine label for the four years prior to the acquisition.[32]
On September 21, 2009, Thomson Reuters boughtHugin Group, the
EuropeanIRandPRdistribution group, fromNYSE Euronext. Terms have not been disclosed,
but it has been reported in Danish newspapers that the price was between 40 million and
42m.[33]
In September 2009, Thomson Reuters bought the Abacus software business fromDeloitte, aprovider of corporate taxation software for the U.K., Ireland, the Netherlands, New Zealand, and
Hong Kong, as well as Indirect Tax Reporting software for 20 E.U. countries. Terms of the
transaction were not disclosed.[34]
In November 2009 The Tax & Accounting business acquired Sabrix, Inc, a global provider of
transaction tax management software applications and related services.[35]
In February 2010 Thomson Reuters acquired Aegisoft LLC to improve their electronic trading
capabilities by offeringdirect market access.[36]
In May 2010 Thomson Reuters acquired Point Carbon A/S, a Norwegian company that provides
news and trading analytics for the energy and environmental markets.[37]
In October 2010, Thomson Reuters acquired Serengeti Law, a matter management and ebilling
system.
In November 2010, Thomson Reuters acquired the legal process outsourcing (LPO)
providerPangea3. Pangea3 serves corporate legal departments and law firms worldwide.
Financial Terms of the deal were not disclosed.[38]
In November 2010, Thomson Reuters acquired the banking data and analytic provider Highline
Financial, and GeneGo, a supplier of systems biology databases, software and services.[39]
In 20 June 2011, Thomson Reuters acquired CorpSmart from Deloitte.[40]
In August 2011, Thomson Reuters acquired GFMS.[41]
In December 2011, Thomson Reuters acquiredEmochila, a website development firm in the tax
and accounting space, in order to further integrate its CS suite of products onto a cloud-based
platform.[42]
In January 2012, Thomson Reuters acquired Dr Tax, Canadas largest independently owned
developer of income tax software for accounting firms and consumers.[43][44]
In February 2012, Thomson Reuters acquired RedEgg, a provider of media intelligence solutions
for public relations and marketing professionals.[45]
On 8 June 2012, Thomson Reuters acquiredApsmart, a London-based company specializing indesign and development of mobile solutions.
[46]
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Thomson Reuters analysis
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On 25 June 2012, Thomson Reuters acquired Zawya Limited, a regional provider of business
intelligence and unique tools for financial professionals in the Middle East and North Africa .[47]
On 10 July 2012, Thomson Reuters acquired FX Alliance Inc, an independent provider of
electronic foreign exchange trading solutions to corporations and asset managers.[48]
On 26 July 2012, Thomson Reuters announced acquisition ofMarkMonitor, a San Francisco-based company specializing in internet brand protection software and services.
[49]
In 16 April 2013, Thomson Reuters acquired Select TaxWorks Assets of RedGear
Technologies.[50]
In 6 June 2013, Thomson Reuters acquiredPricing Partners, a provider of OTC Derivatives
Pricing Analytics and independent valuation.[51]
In 2 July 2013, Thomson Reuters acquired the foreign exchange options business of
Tradeweb.[52]
Sponsorships
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