Thomson Reuters Acquires Highline Financial
(Thomson Reuters ONE) -
Meeting the Markets Need for More Robust Financial Institution Analytics
New York - November 1, 2010 - Thomson Reuters today announced it acquired
Highline Financial, a financial information and analytics provider focused on
the US banking sector. The acquisition supports Thomson Reuters strategy of
providing timely, accurate and high quality information by expanding its
offering to include differentiated financial content and analytics for the
banking and capital markets sector.
Market dynamics are creating a strong need for deep data and analytics as the
financial sector experiences a tremendous level of new regulatory oversight,
post crisis performance monitoring, bank closures and overall industry
consolidation. The combination of Thomson Reuters and Highline Financial will
provide Thomson Reuters clients with access to Highline Financial's
comprehensive public company and regulatory database which comprises 20 years of
historical data covering 20,000 financial institutions, with over 24,000 filed
and calculated financial data points and ratios maintained in the system on a
daily basis. Highline Financial clients will benefit from having access to the
depth and breadth of Thomson Reuters global content, support and infrastructure.
The information will be available on Thomson Reuters Eikon, Thomson Reuters
recently launched next-generation desktop, in 2011.
"The recent turmoil in the markets makes access to financial data more important
than ever to our clients," said Neil Masterson, Global Head of Investment
Banking, Thomson Reuters. "With the acquisition of Highline Financial, Thomson
Reuters can provide the banking and capital markets sector with the financial
industry-specific analytics they need to drive deal activity."
"This acquisition will create a significantly larger financial information and
analytics platform for Highline Financial by enabling the company to leverage
Thomson Reuters global reach and expertise to better serve its clients," said
Terry Waters, President & CEO, Highline Financial. "Both companies are committed
to providing the most timely, accurate and complete financial information
available and the combination of the two creates an industry leader in this
space."
Highline Financial is a portfolio company of Spire Capital Partners.
Terms of the agreement were not disclosed.
Thomson Reuters
Thomson Reuters is the world's leading source of intelligent information for
businesses and professionals. We combine industry expertise with innovative
technology to deliver critical information to leading decision makers in the
financial, legal, tax and accounting, healthcare and science and media markets,
powered by the world's most trusted news organization. With headquarters in New
York and major operations in London and Eagan, Minnesota, Thomson Reuters
employs 55,000 people and operates in over 100 countries. For more information,
go towww.thomsonreuters.com.
Highline Financial
Highline Financial is the preferred source of banking information and analytics
with decades of experience serving the financial industry. Our mission is to
deliver the highest quality and most relevant banking information and analytics
solutions that enable our clients to manage financial risks and make profitable
investment decisions every day, at a lower cost of ownership. We do this by
combining our focused industry expertise in banking with best of breed industry
partnerships to fulfill the real-time strategic needs of executives, business
leaders and analysts in financial institutions, corporations and public sector
agencies. For more information visitwww.highlinefi.com.
CONTACTS
Jeanette Volpi Lisa Jane O'Neil
Thomson Reuters LJO Associates for Highline Financial
PR Director, Investment & Advisory + 1 212 786 7629
+ 1 646 223 5517 lisajane(at)ljoassociates.com
jeanette.volpi(at)thomsonreuters.com
[HUG#1457387]
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Thomson Reuters Corporation via Thomson Reuters ONE
Unternehmensinformation / Kurzprofil:
Datum: 01.11.2010 - 18:00 Uhr
Sprache: Deutsch
News-ID 48276
Anzahl Zeichen: 5011
contact information:
Kategorie:
Business News
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