Acquisition brings additional technology, analytics and
human analysis to combat fraud, waste and abuse
MINNEAPOLIS and ST. PAUL, Minn., March
19, 2020 /CNW/ -- Thomson Reuters (TSX/NYSE: TRI)
today announced that it has acquired Pondera Solutions, a leading
provider of technology and advanced analytics to combat fraud,
waste and abuse in healthcare and large government programs.
Thomson Reuters serves government agencies at the federal, state
and local level with solutions and resources to improve
efficiencies, diminish risk and reduce fraud. The acquisition of
Pondera Solutions will enhance the offerings in the risk, fraud and
compliance space and will allow Thomson Reuters to expand on its
strategic approach to deliver insight through advanced analytics,
artificial intelligence and human expertise.
"Thomson Reuters and Pondera share a commitment to serve
customers with solutions that reduce fraud by individuals targeting
government programs," said Steve
Rubley, president of the Government business for Thomson
Reuters. "Pondera will be a key component to the suite of tools
available to government customers that use technology, data and
human analysis to support their mission and benefit their
communities."
"Government agencies offer and operate some of the largest
programs in the world, and that fact alone makes them targets for
illicit gains through fraud," said Jon
Coss, CEO and founder, Pondera Solutions. "We have taken the
latest technology and advanced analytics to help our clients combat
fraud and waste, and by joining Thomson Reuters, we will be able to
offer even more to help customers with key insights to minimize
risk and reduce fraud."
Founded in 2011, Pondera Solutions is based in Sacramento and has an office in
Florida.
Financial terms of the acquisition were not disclosed.
Pondera Solutions
Pondera Solutions leverages advanced
analytics, AI, and human intelligence to help government and
commercial healthcare programs maintain compliance and detect
fraud, waste, and abuse. Their core detection system, FraudCaster,
helps their clients detect and prevent hundreds of millions of
dollars in improper payments in health plans and government
programs.
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
Kara Pederson
+1.651.848.4298
kara.pederson@thomsonreuters.com
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SOURCE Thomson Reuters