Thomson Reuters To Acquire Complinet

Monday, July 5, 2010 - 01:00

Thomson Reuters, the world's leading source of intelligent information for businesses and professionals, has announced that it will acquire Complinet, a leading provider of global compliance information solutions for financial services institutions and their advisers. Terms of the deal, expected to close in the second quarter, were not disclosed.

Complinet, which is based in London and has more than 200 employees, brings a leading market position, powerhouse brand, strong management team, and assets across the entire global regulatory compliance workflow to Thomson Reuters.

Complinet's services are seen as a tremendous complement to Thomson Reuters existing professional information and software assets, and to its base of customers in global legal and financial markets. The deal also will further Thomson Reuters vision to provide end-to-end financial service compliance solutions, while building upon Complinet's already-strong market position. Together, Thomson Reuters and Complinet will help firms make intelligent commercial decisions based on a deeper and more connected understanding of all regulatory risks.