Thomson Reuters Corporation
Content
Thomson Reuters Corporation (/ˈrɔɪtərz/) is a major multinational mass media and information firm
founded in Toronto and based in New York City.[4] It was created by the Thomson Corporation's purchase
of British-based Reuters Group on 17 April 2008,[5] and today is majority owned by The Woodbridge
Company, a holding company for the Thomson family.[6] The company operates in more than 100
countries, and has more than 60,000 employees around the world.[3] Thomson Reuters was ranked as
Canada's "leading corporate brand" in the 2010Interbrand Best Canadian Brands ranking.[7] It is
headquartered at 3 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]
The Thomson Corporation[edit]
Main article: The Thomson Corporation
The company was founded by Roy Thomson in 1934 in Ontario as the publisher of The Timmins Daily
Press. In 1953 Thomson acquired the Scotsman newspaper and moved to Scotland the following year.
He consolidated his media position in Scotland in 1957 when he won the franchise forScottish Television.
In 1959 he bought the Kemsley Group, a purchase that eventually gave him control of the Sunday Times.
He separately acquired the Times in 1967. He moved into the airline business in 1965, when he
acquired Britannia Airways and into oil and gas exploration in 1971 when he participated in a consortium
to exploit reserves in the North Sea. In the 1970s, following the death of Lord Thomson, the company
withdrew from national newspapers and broadcast media, selling theTimes, the Sunday Times and
Scottish Television and instead moved into publishing, buying Sweet & Maxwell in 1988. The company at
this time was known as the International Thomson Organisation Ltd (ITOL). [8]
In 1989, ITOL merged with Thomson Newspapers, forming The Thomson Corporation. In 1996 The
Thomson Corporation acquired West Publishing, a purveyor of legal research and solutions
includingWestlaw.[9]
Reuters Group[edit]
Main article: Reuters Group
The Company was founded by Paul Julius Reuter in 1851 in London as a business transmitting stock
market quotations.[9] Reuter set up his "Submarine Telegraph" office in October 1851 and negotiated a
contract with the London Stock Exchange to provide stock prices from the continental exchanges in return
for access to London prices, which he then supplied to stockbrokers in Paris, France. [9] In 1865, Reuters
in London was the first organization to report the assassination of Abraham Lincoln.[9]The company was
involved in developing the use of radio in 1923.[9] It was acquired by the British National & Provincial
Press in 1941 and first listed on the London Stock Exchange in 1984.[9] 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 the Reuters 3000 Xtra service (1999).[9]
Post-acquisition[edit]
The Thomson Corporation acquired Reuters Group PLC to form Thomson Reuters on April 17,
2008.[10] Thomson Reuters operated under a dual-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 and NASDAQ. It is now listed only as Thomson Reuters Corporation on the New York Stock
Exchange and Toronto Stock Exchange (symbol: TRI).[11][12]
In June 2008, it was reported that it would be launching a news channel to rival Bloomberg
TV and CNBC. This turned out to be false. The company released Thomson Reuters Eikon in 2011. [9]
On February 13, 2013, Thomson Reuters announced it will cut 2,500 jobs to cut cost in its Legal,
Financial and Risk division.[13] On October 29, 2013, Thomson Reuters announced it will cut another
3,000 jobs, mostly in its Legal, Financial and Risk division.[14]
Operations[edit]
The Chief executive of the combined company is James C. Smith, who was the chief executive for the
Professional Division, and the chairman isDavid Thomson, who was the chairman of Thomson.[15][16][17]
In late 2011, The company announced a new organizational structure with four divisions: [18]
Financial and Risk Operation:
Financial Professionals & Marketplaces
Enterprise Solutions
Media
Legal:
Formerly North American Legal and Legal & Regulatory; including West, makers of Westlaw,
and Carswell
Thomson Scientific (Intellectual Property & Science):
Formerly Thomson Healthcare
Thomson Healthcare then sold in 2012, and is now Truven 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). It competes withBloomberg L.P., in aggregating financial and legal news.[19]
Market position and antitrust review[edit]
Thomson Reuters Building as seen from 8th Avenue.
The Thomson-Reuters merger transaction was reviewed by the U.S. Department of Justice and by
theEuropean Commission. On February 19, 2008, both the Department of Justice and the Commission
cleared the transaction subject to minor divestments.[20] 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.[21] The European Commission imposed similar divestments: according to the
Commission's press release, "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."[22]
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 group’s $13bn-plus combined revenues."[23]
The transaction was cleared by the Canadian Competition Bureau.[24]
In November 2009, The European Commission opened formal anti-trust proceedings[25] 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.[26]
Purchase process[edit]
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."[27] 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 at BBC 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.[28][29][30][31]
Acquisitions[edit]
In July 2009 Thomson Reuters acquired Streamlogics.[32] Founded in 1999, Streamlogics is a provider of
customizable, high volume, real time data mining solutions [33] 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, marketing and lead generation, and corporate
communications.[34]
In August 2009 Thomson Reuters bought Vhayu Technologies. Vhayu is a provider of tick data 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.[35]
On September 21, 2009, Thomson Reuters bought Hugin Group, the European IR and PR distribution
group, from NYSE Euronext. Terms have not been disclosed, but it has been reported in Danish
newspapers that the price was between €40 million and €42m.[36]
In September 2009, Thomson Reuters bought the Abacus software business from Deloitte, a provider 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. [37]
In November 2009 The Tax & Accounting business acquired Sabrix, Inc, a global provider of transaction
tax management software applications and related services.[38]
In February 2010 Thomson Reuters acquired Aegisoft LLC to improve their electronic trading capabilities
by offering direct market access.[39]
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. [40]
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) provider Pangea3.
Pangea3 serves corporate legal departments and law firms worldwide. Financial Terms of the deal were
not disclosed.[41]
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. [42]
In 20 June 2011, Thomson Reuters acquired CorpSmart from Deloitte. [43]
On July 18, 2011 Thomson Reuters acquired Manatron from Thoma Bravo.[44]
In August 2011, Thomson Reuters acquired GFMS.[45]
In December 2011, Thomson Reuters acquired Emochila, 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.[46]
In January 2012, Thomson Reuters acquired Dr Tax, Canada’s largest independently owned developer of
income tax software for accounting firms and consumers.[47] [48]
In February 2012, Thomson Reuters acquired RedEgg, a provider of media intelligence solutions for
public relations and marketing professionals.[49]
In 8 June 2012, Thomson Reuters acquired Apsmart, a London-based company specializing in design
and development of mobile solutions.[50]
In 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 .[51]
In 10 July 2012, Thomson Reuters acquired FX Alliance Inc, an independent provider of electronic foreign
exchange trading solutions to corporations and asset managers.[52]
In 26 July 2012, Thomson Reuters announced acquisition of MarkMonitor, a San Francisco-based
company specializing in internet brand protection software and services. [53]
On January 3rd, 2013, Thomson announced that it was to acquire Practical Law Company,the Londonbased provider of practical legal know-how and workflow tools to law firms and corporate law
departments. Practical Law Company has more than 750 employees, with principal operations in London
and New York, and will be part of the Legal business of Thomson Reuters.[54]
In 16 April 2013, Thomson Reuters acquired Select TaxWorks Assets of RedGear Technologies. [55]
In 6 June 2013, Thomson Reuters acquired Pricing Partners, a provider of OTC Derivatives Pricing
Analytics and independent valuation.[56]
In 2 July 2013, Thomson Reuters acquired the foreign exchange options business of Tradeweb. [57]
In August 16, 2013, Thomson Reuters acquired the foreign exchange options risk management
technology provider SigmaGenix.[58]
In August 18, 2013, Thomson Reuters acquired a majority stage in Omnesys Technologies [59] and
acquired completely the company in September 16, 2013 [60]
In September 10, 2013, Thomson Reuters acquired the CPE and CPA Division of Bisk Education Inc . [61]
In September 10, 2013, Thomson Reuters acquired Kortes .[62]
In October 23, 2013, Thomson Reuters acquired Entagen, acquiring the Cortellis family of produ
Thomson Reuters Corporation
Type
Public
Traded as
NYSE: TRI
TSX: TRI
S&P/TSX 60 component
Industry
Mass media
Predecessors
Reuters Group
The Thomson Corporation
Founded
17 April 2008
Toronto, Ontario, Canada
Headquarters
3 Times Square
New York, NY 10036, U.S.
Area served
Worldwide
Key people
David Thomson (Chairman)
James C. Smith (CEO)[1]
Revenue
US$ 13.27 billion (2012)[2]
Operating income
US$ 2.651 billion (2012)[2]
Net income
US$ 2.070 billion (2012)[2]
Total assets
US$ 32.57 billion (2012)[2]
Total equity
US$ 17.14 billion (2012)[2]
Owners
The Woodbridge Company(53%)
Employees
60,000 (2012)[3]
Subsidiaries
Reuters, Sweet & Maxwell,West
Website
ThomsonReuters.com
founded in Toronto and based in New York City.[4] It was created by the Thomson Corporation's purchase
of British-based Reuters Group on 17 April 2008,[5] and today is majority owned by The Woodbridge
Company, a holding company for the Thomson family.[6] The company operates in more than 100
countries, and has more than 60,000 employees around the world.[3] Thomson Reuters was ranked as
Canada's "leading corporate brand" in the 2010Interbrand Best Canadian Brands ranking.[7] It is
headquartered at 3 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]
The Thomson Corporation[edit]
Main article: The Thomson Corporation
The company was founded by Roy Thomson in 1934 in Ontario as the publisher of The Timmins Daily
Press. In 1953 Thomson acquired the Scotsman newspaper and moved to Scotland the following year.
He consolidated his media position in Scotland in 1957 when he won the franchise forScottish Television.
In 1959 he bought the Kemsley Group, a purchase that eventually gave him control of the Sunday Times.
He separately acquired the Times in 1967. He moved into the airline business in 1965, when he
acquired Britannia Airways and into oil and gas exploration in 1971 when he participated in a consortium
to exploit reserves in the North Sea. In the 1970s, following the death of Lord Thomson, the company
withdrew from national newspapers and broadcast media, selling theTimes, the Sunday Times and
Scottish Television and instead moved into publishing, buying Sweet & Maxwell in 1988. The company at
this time was known as the International Thomson Organisation Ltd (ITOL). [8]
In 1989, ITOL merged with Thomson Newspapers, forming The Thomson Corporation. In 1996 The
Thomson Corporation acquired West Publishing, a purveyor of legal research and solutions
includingWestlaw.[9]
Reuters Group[edit]
Main article: Reuters Group
The Company was founded by Paul Julius Reuter in 1851 in London as a business transmitting stock
market quotations.[9] Reuter set up his "Submarine Telegraph" office in October 1851 and negotiated a
contract with the London Stock Exchange to provide stock prices from the continental exchanges in return
for access to London prices, which he then supplied to stockbrokers in Paris, France. [9] In 1865, Reuters
in London was the first organization to report the assassination of Abraham Lincoln.[9]The company was
involved in developing the use of radio in 1923.[9] It was acquired by the British National & Provincial
Press in 1941 and first listed on the London Stock Exchange in 1984.[9] 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 the Reuters 3000 Xtra service (1999).[9]
Post-acquisition[edit]
The Thomson Corporation acquired Reuters Group PLC to form Thomson Reuters on April 17,
2008.[10] Thomson Reuters operated under a dual-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 and NASDAQ. It is now listed only as Thomson Reuters Corporation on the New York Stock
Exchange and Toronto Stock Exchange (symbol: TRI).[11][12]
In June 2008, it was reported that it would be launching a news channel to rival Bloomberg
TV and CNBC. This turned out to be false. The company released Thomson Reuters Eikon in 2011. [9]
On February 13, 2013, Thomson Reuters announced it will cut 2,500 jobs to cut cost in its Legal,
Financial and Risk division.[13] On October 29, 2013, Thomson Reuters announced it will cut another
3,000 jobs, mostly in its Legal, Financial and Risk division.[14]
Operations[edit]
The Chief executive of the combined company is James C. Smith, who was the chief executive for the
Professional Division, and the chairman isDavid Thomson, who was the chairman of Thomson.[15][16][17]
In late 2011, The company announced a new organizational structure with four divisions: [18]
Financial and Risk Operation:
Financial Professionals & Marketplaces
Enterprise Solutions
Media
Legal:
Formerly North American Legal and Legal & Regulatory; including West, makers of Westlaw,
and Carswell
Thomson Scientific (Intellectual Property & Science):
Formerly Thomson Healthcare
Thomson Healthcare then sold in 2012, and is now Truven 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). It competes withBloomberg L.P., in aggregating financial and legal news.[19]
Market position and antitrust review[edit]
Thomson Reuters Building as seen from 8th Avenue.
The Thomson-Reuters merger transaction was reviewed by the U.S. Department of Justice and by
theEuropean Commission. On February 19, 2008, both the Department of Justice and the Commission
cleared the transaction subject to minor divestments.[20] 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.[21] The European Commission imposed similar divestments: according to the
Commission's press release, "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."[22]
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 group’s $13bn-plus combined revenues."[23]
The transaction was cleared by the Canadian Competition Bureau.[24]
In November 2009, The European Commission opened formal anti-trust proceedings[25] 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.[26]
Purchase process[edit]
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."[27] 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 at BBC 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.[28][29][30][31]
Acquisitions[edit]
In July 2009 Thomson Reuters acquired Streamlogics.[32] Founded in 1999, Streamlogics is a provider of
customizable, high volume, real time data mining solutions [33] 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, marketing and lead generation, and corporate
communications.[34]
In August 2009 Thomson Reuters bought Vhayu Technologies. Vhayu is a provider of tick data 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.[35]
On September 21, 2009, Thomson Reuters bought Hugin Group, the European IR and PR distribution
group, from NYSE Euronext. Terms have not been disclosed, but it has been reported in Danish
newspapers that the price was between €40 million and €42m.[36]
In September 2009, Thomson Reuters bought the Abacus software business from Deloitte, a provider 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. [37]
In November 2009 The Tax & Accounting business acquired Sabrix, Inc, a global provider of transaction
tax management software applications and related services.[38]
In February 2010 Thomson Reuters acquired Aegisoft LLC to improve their electronic trading capabilities
by offering direct market access.[39]
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. [40]
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) provider Pangea3.
Pangea3 serves corporate legal departments and law firms worldwide. Financial Terms of the deal were
not disclosed.[41]
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. [42]
In 20 June 2011, Thomson Reuters acquired CorpSmart from Deloitte. [43]
On July 18, 2011 Thomson Reuters acquired Manatron from Thoma Bravo.[44]
In August 2011, Thomson Reuters acquired GFMS.[45]
In December 2011, Thomson Reuters acquired Emochila, 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.[46]
In January 2012, Thomson Reuters acquired Dr Tax, Canada’s largest independently owned developer of
income tax software for accounting firms and consumers.[47] [48]
In February 2012, Thomson Reuters acquired RedEgg, a provider of media intelligence solutions for
public relations and marketing professionals.[49]
In 8 June 2012, Thomson Reuters acquired Apsmart, a London-based company specializing in design
and development of mobile solutions.[50]
In 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 .[51]
In 10 July 2012, Thomson Reuters acquired FX Alliance Inc, an independent provider of electronic foreign
exchange trading solutions to corporations and asset managers.[52]
In 26 July 2012, Thomson Reuters announced acquisition of MarkMonitor, a San Francisco-based
company specializing in internet brand protection software and services. [53]
On January 3rd, 2013, Thomson announced that it was to acquire Practical Law Company,the Londonbased provider of practical legal know-how and workflow tools to law firms and corporate law
departments. Practical Law Company has more than 750 employees, with principal operations in London
and New York, and will be part of the Legal business of Thomson Reuters.[54]
In 16 April 2013, Thomson Reuters acquired Select TaxWorks Assets of RedGear Technologies. [55]
In 6 June 2013, Thomson Reuters acquired Pricing Partners, a provider of OTC Derivatives Pricing
Analytics and independent valuation.[56]
In 2 July 2013, Thomson Reuters acquired the foreign exchange options business of Tradeweb. [57]
In August 16, 2013, Thomson Reuters acquired the foreign exchange options risk management
technology provider SigmaGenix.[58]
In August 18, 2013, Thomson Reuters acquired a majority stage in Omnesys Technologies [59] and
acquired completely the company in September 16, 2013 [60]
In September 10, 2013, Thomson Reuters acquired the CPE and CPA Division of Bisk Education Inc . [61]
In September 10, 2013, Thomson Reuters acquired Kortes .[62]
In October 23, 2013, Thomson Reuters acquired Entagen, acquiring the Cortellis family of produ
Thomson Reuters Corporation
Type
Public
Traded as
NYSE: TRI
TSX: TRI
S&P/TSX 60 component
Industry
Mass media
Predecessors
Reuters Group
The Thomson Corporation
Founded
17 April 2008
Toronto, Ontario, Canada
Headquarters
3 Times Square
New York, NY 10036, U.S.
Area served
Worldwide
Key people
David Thomson (Chairman)
James C. Smith (CEO)[1]
Revenue
US$ 13.27 billion (2012)[2]
Operating income
US$ 2.651 billion (2012)[2]
Net income
US$ 2.070 billion (2012)[2]
Total assets
US$ 32.57 billion (2012)[2]
Total equity
US$ 17.14 billion (2012)[2]
Owners
The Woodbridge Company(53%)
Employees
60,000 (2012)[3]
Subsidiaries
Reuters, Sweet & Maxwell,West
Website
ThomsonReuters.com
