Information service provider Thomson Reuters Corp. (TRI, RUT.L, TRI_PB.TO), Monday said it acquired Discovery Logic, Inc, a customizable analytics and decision support solutions provider for scientific research. The transaction is effective immediately, but terms of the deal were not disclosed.
Discovery Logic will now become a part of Thomson Reuters' Healthcare & Science business and is expected to enhance current research analytic offerings and will provide increased decision support and workflow solutions to academic, government, non-profit and commercial professionals.
Mike Pollard, who will continue with the business as Vice President and General Manager of Discovery Logic subsequent to the acquisition said, "Together, our companies create an unmatched resource for global professionals needing to make crucial decisions on projects, people and research collaboration opportunities."
Thomson Reuters has made quite a few acquisitions in recent times, the most recent being that of ASSET4, a major provider of ESG Investment Research. The move came just after its competitor Bloomberg introduced ESG data service for its subscribers.
Thomson Reuters, in November 2009, acquired Sabrix, Inc, a global provider of transaction tax management software applications and related services and the European IR and PR distributor Hugin Group from NYSE Euronext on September 21, 2009. Another major acquisition made by the company was that of Vhayu Technologies, a provider of tick data service, in August 2009.
Commenting on the current acquisition, Mike Boswood, President & Chief Executive Officer the Healthcare & Science business of Thomson Reuters said, "It is clear that Discovery Logic's ScienceWire and analytic service will serve as the foundation for a new technical paradigm that will propel our business forward in the future."
Discovery Logic is a provider of systems, data and analytics for real-time portfolio management, decision support, outcomes tracking and information visualization.
TRI is currently trading at $32.48, up $0.23 or 0.71%, on the NYSE.
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