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| Thomson Reuters strengthens compliance offering |
| Author: | Penny Crossland |
| Date: | Friday, 4th Jun 2010 18:23 |
| Views: | 1,214 (excluding Digests and RSS feeds) |
| Category: | Industry Update | | URL: | http://www.vivavip.com/go/e29303 |
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Thomson Reuters yesterday announced its eighth acquisition of the year. The company is acquiring London-based Complinet Ltd, a provider of risk and compliance information and technology solutions.
As we all know, regulatory compliance is a hot topic at the moment, and so this acquisition makes sound sense for Thomson Reuters. (see http://www.freepint.com/go/b530870 for Freepint’s initial results of its Compliance Research Project )
It comes at a time when financial services companies are likely to have to deal with increased government regulation. Complinet, whose services alert companies to changes in the law related to their business, will fit neatly into Thomson’s existing legal and financial services businesses and will provide customers with additional options to manage compliance. In the accompanying press statement, a Thomson spokesman stated that the company’s aim was to provide “end-to-end financial service compliance solutions” and to “help firms make intelligent decisions based on understanding all regulatory risks”. We can only hope it works.
The new acquisition will be a strong competitor to Reed Elsevier’s Lexis Nexis Compliance Manager (see Joanna Ptolomey’s posting at http://www.vivavip.com/go/e28960) and US-based World Check. The Complinet acquisition ( a price was not disclosed) is due to be completed at the end of the second quarter this year.
Thomson Reuter’s other acquisitions this year include Discovery Logic, a provider of customizable analytics and scientific research software, Point Carbon, a publisher of energy market insights (see http://www.vivavip.com/go/e29253 for further information) and ProfSoft, a healthcare technology company. At the end of 2009, it bought Breakingviews, a financial insight commentator (see http://www.vivavip.com/go/e26055 )The company is clearly expanding its portfolio of businesses across the industries it operates in.
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| • | Thomson Reuters strengthens compliance offering | | Thomson Reuters yesterday announced its eighth acquisition of the year. The company is acquiring London-based Complinet Ltd, a provider of risk and compliance information and technology solutions.
As we all know, regulatory compliance is a hot topic at the moment, and so this acquisition makes sound sense for Thomson Reuters. (see ... |
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Penny Crossland |
04/06/10 18:23 |
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