Thomson Reuters to Acquire Manatron
(Thomson Reuters ONE) -
Tax & Accounting business moves into government sector with latest software
acquisition
NEW YORK, June 2, 2011- Thomson Reuters, the world's leading source of
intelligent information for businesses and professionals, has signed a
definitive agreement to acquire Manatron, a provider of property tax automation
and land registry software for governments and municipalities around the world,
from Thoma Bravo LLC, a private equity firm. The completion of the acquisition
is subject to standard regulatory approvals. The terms of the transaction were
not disclosed.
Manatron will strengthen the expanding Tax & Accounting business with an
additional 1,400 clients in over 20 countries and more than 40 U.S. states.
Manatron's flagship solution, Government Revenue Management (GRM), is an
integrated suite of web-based property recording, assessment and tax software
that automates the operational, informational, and planning needs for assessors,
auditors, treasurers, tax collectors and other government officials. Manatron's
software solutions are being used by governments to replace antiquated systems
to help improve customer service, streamline processes and manage the growing
velocity of legislative changes.
"The government tax automation space is a growing segment and a natural fit with
our strategy to improve workflow efficiency for our clients through innovative
technology," said Brian Peccarelli, president of the Tax & Accounting business
of Thomson Reuters. "Manatron has a great track record helping governments
improve their collection and compliance processes, which improves accuracy,
customer service and reduces costs associated with the collection process for
all involved."
In addition to its market-leading property tax offerings, Manatron is also
considered a leader in the provision of land administration systems - helping
governments and the private sector map, audit, register and publicize the value
of assets and land. As one of the only providers of end-to-end government
property tax management and land administration systems, Manatron processes more
than $100 billion in annual tax revenue.
"Becoming part of Thomson Reuters extends Manatron's global reach, but our
mission remains the same - to deliver a solution that allows our clients to
efficiently process and manage their land, property tax and assessment
information," said Bill McKinzie, president and chief executive officer at
Manatron.
About Manatron
Manatron, a privately-held company and an investment of private equity firm
Thoma Bravo, LLC, provides software and services for governments worldwide to
completely, fairly and efficiently assess real and personal property, and to
bill and collect the related property taxes in their jurisdictions. Manatron's
software manages the entire property life cycle, which includes land registry,
cadastral mapping, deed recording, land records, GIS (Geographic Information
System) integration, valuation, assessment administration, personal property,
business licenses, cashiering, tax billing and collection, delinquents and tax
sales and e-government. The company's corporate headquarters is located in
Portage, Michigan and it has offices throughout the United States. The Manatron
International headquarters is located in Silver Spring, MD with additional
offices in Kiev, Ukraine and Cochabamba, Bolivia. Manatron currently serves over
1,400 customers and manages approximately 45 million parcels. More information
about Manatron, Inc. is available on the Company's website www.manatron.com.
About 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 more than 55,000 people and operates in over 100 countries. Thomson
Reuters shares are listed on the Toronto and New York Stock Exchanges (symbol:
TRI). For more information, go to www.thomsonreuters.com.
Contacts
Tina Allen David Girardin
Public Relations Manager, Tax & Accounting Corporate Affairs Manager
EMEA +1 646 223 4870
+44 (0) 20 7375 6814 david.girardin(at)thomsonreuters.com
tina.allen(at)thomsonreuters.com
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
[HUG#1520936]
Unternehmensinformation / Kurzprofil:
Datum: 02.06.2011 - 18:31 Uhr
Sprache: Deutsch
News-ID 55255
Anzahl Zeichen: 5654
contact information:
Kategorie:
Business News
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