- A leading open SaaS platform for professional
collaboration
- Provides secure cloud-based environment, connecting law
firms and their corporate customers
- Expands offerings and leverages Thomson Reuters channels
and customer relationships
TORONTO and LONDON, July 18,
2019 /CNW/ -- Thomson Reuters (TSX/NYSE: TRI)
today announced that it has acquired HighQ, a leading collaboration
platform for the legal and regulatory market. Based in London with offices in the United States, Germany, the
Netherlands, Australia and
India, HighQ offers a secure
cloud-based platform for business collaboration, workflow
automation and client engagement. HighQ currently serves more than
400 customers, including more than half of the Global 100 largest
law firms.
Thomson Reuters provides its customers with solutions that help
them generate more efficiencies, lower costs, improve accuracy and
reduce risk. This acquisition will expand on the company's
strategic objective to provide more cloud-based software offerings
and will meet a growing market need for legal professionals,
aligning with Thomson Reuters focus on legal, tax, compliance and
risk.
"This deal follows our recent acquisition of Confirmation,
a leading provider of secure audit services, and reinforces
our strategy of carefully investing to grow our core offerings in
the world of business information services," said Jim
Smith, president and CEO, Thomson Reuters.
"HighQ's software platform is flexible, user-friendly and
integrates with other leading-edge technology to provide a seamless
user experience," he continued. "This acquisition will position us
with an open best-in-class platform at the heart of the legal
software ecosystem. It provides us with an opportunity to leverage
our channels to sell HighQ to thousands of large and medium-sized
law firms and corporate legal departments globally. It also brings
impressive software development talent into our organization."
"Legal professionals are being disrupted by technology change
and are seeking software solutions to help them improve costs and
increase productivity," said Brian
Peccarelli, COO, Customer Markets at Thomson Reuters and
head of its Legal Professionals segment. "The acquisition of HighQ
will help us meet customer needs for efficient, compliant workflow
collaboration solutions, and supports our ongoing approach to
providing open technologies and driving customer innovation."
"Our intelligent workflow platform allows legal professionals
and in-house corporate legal departments to collaborate on
projects, matters and transactions, transforming legal service
delivery and creating compelling digital experiences for clients
and business," said Ajay Patel, CEO
and founder of HighQ. "We are excited to expand our global
footprint and leverage the Thomson Reuters network to support and
serve across several vertical industries and geographies."
Financial terms of the transaction were not disclosed.
Thomson Reuters
Thomson Reuters is a leading provider
of business information services. Our products include
highly specialized information-enabled software and tools for
legal, tax, accounting and compliance professionals combined with
the world's most global news service – Reuters. For more
information on Thomson Reuters, visit tr.com and for
the latest world news, reuters.com.
CONTACT
MEDIA David
Crundwell
Senior Vice President, Corporate Affairs
+44 (0) 20 7542 8763
david.crundwell@tr.com
|
INVESTORS
Frank J. Golden
Senior Vice President, Investor Relations
+1 646 223 5288
frank.golden@tr.com
|
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SOURCE Thomson Reuters