Acquisitions strengthen Thomson Reuters relationship with DTCC, Barclays, Credit Suisse, Goldman Sachs, J.P. Morgan, State
Street and other clients for compliance solutions that enable them and their customers to conduct global
business.
NEW YORK and LONDON and SINGAPORE, March 20, 2017 /PRNewswire/ -- Thomson Reuters has completed its
acquisitions of Clarient Global LLC and Avox Limited, expanding its risk-management footprint and its ability to provide a
best-in-class standard of customer solutions by integrating both businesses into its portfolio of risk management, compliance and
data offerings.
The Clarient and Avox acquisitions represent the next step of Thomson Reuters vision to be a leading provider and trusted
source of Know Your Customer (KYC) and Legal Entity Information. Together with Thomson Reuters, these businesses combine industry
leading data sources and technology solutions that raise standards, increase control and reduce costs for clients and improve the
KYC experience for market participants.
"Completing the acquisitions of Clarient and Avox affords a tremendous opportunity for us to work together in our shared goal
of creating best-in-class KYC and Legal Entity Data due diligence standards that enhance our customers and their customers'
ability to conduct global business," said Steve Pulley, Managing Director, Risk Managed Services,
Thomson Reuters. "Clarient and Avox's deep specialty knowledge and capabilities will enhance our portfolio of solutions, and we
welcome our esteemed new colleagues to the Thomson Reuters family."
Clarient is a leading global KYC platform formerly owned by the Depository Trust & Clearing Corporation (DTCC),
Barclays, Credit Suisse, Goldman Sachs, J.P. Morgan, and State Street among others. Avox is a leading supplier of legal entity
data, such as hierarchies and identifiers on financial entities globally.
"The acquisition of Clarient and Avox by Thomson Reuters is significant as it further positions Thomson Reuters, with the
support of DTCC and the Clarient founder banks as initial consumers, as a leading, trusted provider of KYC and Legal Entity
Data Due Diligence solutions," said Hugh Stewart, Research Director at Chartis Research.
"The evolving global regulatory environment continues to emphasize anti-money laundering requirements for buy-side firms and
corporate institutions to know their customers and all their related relationships when conducting global business. These
regulatory requirements are spurring a growing demand for firms such as Thomson Reuters to develop global solutions that not only
help customers accelerate client on-boarding and comply with regulations, but also reduce costs, improve client experience and
extend support to the whole client life cycle."
Tim Keady, Head of DTCC Solutions said: "With the closing of the deal, both Clarient and Avox
will continue to serve the industry as part of a holistic set of solutions to help firms address the myriad challenges around
client reference data. We look forward to both businesses continuing to grow and supporting a wider segment of the market in the
future."
Thomson Reuters previously announced that it had signed agreements to acquire Clarient Global LLC and Avox Limited on
February 6, 2017. Terms of the deal were not disclosed.
Thomson Reuters
Thomson Reuters is the world's leading source of news and information for professional markets. Our customers rely on
us to deliver the intelligence, technology and expertise they need to find trusted answers. The business has operated in more
than 100 countries for more than 100 years. Thomson Reuters shares are listed on the Toronto and
New York Stock Exchanges. For more information, visit www.thomsonreuters.com.
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SOURCE Thomson Reuters