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
Alibaba is upgrading its intellectual property system using blockchain technology, according to local news outlet Sohu. Alibaba Platform Management expects this to benefit mainly small and medium-sized enterprises, brands and entrepreneurs. The technology will be fully implemented in September, and thereafter, the company intends to expand it to the field of digital copyright protection. Electronics retailer Best Buy Co., Inc. (BBY) reported Thursday a 27 percent increase in profit for the first quarter from last year, which was impacted by restructuring charges, and higher revenues. Both adjusted earnings per share and revenues for the quarter topped analysts' estimates. The company also provides guidance for the second quarter and reiterated its outlook for the full-year 2020. While reporting financial results for the second quarter on Thursday, Hormel Foods Corp. (HRL) lowered its earnings and net sales guidance for the full-year 2019. For fiscal 2019, the company now projects earnings in a range of $1.71 to $1.85 per share, and net sales between $9.70 billion and $10.20...
Follow RTT