logo
Plus   Neg
Share
Email

Thomson Reuters To Acquire Integration Point - Quick Facts

Thomson Reuters (TRI.TO,TRI) announced a definitive agreement to acquire Integration Point, a provider of global trade management products. Thomson Reuters said the acquisition complements its ONESOURCE global tax compliance operations and expands its commitment to software and cloud-based offerings.

By delivering localized knowledge for more than 200 countries and territories on a single web-based platform, Integration Point enables companies to achieve global compliance while maximizing supply chain savings. Integration Point's technology platform will allow Thomson Reuters to provide a single, scalable GTM platform and serve customers with an enhanced trade-management solution.

Robert Bahash, head of business development for the Corporates customer market for Thomson Reuters, will lead the transition and operations of the business following the close.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Luckin Coffee Inc., Starbucks Corp.'s biggest rival in China, filed for an Initial Public Offering in the U.S. In a filing with the Securities and Exchange Commission, the China-based coffee chain said it has applied for listing its American Depositary Shares or ADSs on the Nasdaq under the symbol "LK" and also set a placeholder amount of $100 million. Micro-blogging site Twitter Inc. (TWTR) Tuesday reported a surge in its first-quarter profit. Both earnings and revenues beat analysts' estimates, sending shares up by 6 percent in the pre-market trading. But, Twitter's average monthly active users or MAU figure declined from last year. Verizon Communications Inc. on Tuesday reported a nearly 11 percent increase in profit for the first quarter from last year on higher wireless revenues and flat expenses. Adjusted earnings per share for the quarter beat analysts' estimates, while revenues were in-line with expectations. Looking ahead, the company raised its adjusted earnings outlook for fiscal 2019.
Follow RTT