About Thomson Reuters

Thomson Reuters Corporation provides business information services. The company’s products include specialized information-enabled software and tools for legal, tax, accounting and compliance professionals combined with the global news service – Reuters. Segments The company operates through five segments: Legal Professionals, Corporates, Tax & Accounting Professionals, Reuters News, and Global Print. Legal Professionals This segment serves law firms and governments with research and workflow products, focusing on intuitive legal research powered by emerging technologies and integrated legal workflow solutions that combine content, tools, and analytics. Competition: This segment’s primary global competitors are LexisNexis (which is owned by RELX Group) and Wolters Kluwer. This segment also competes with Bloomberg Industry Group and other companies that provide legal and regulatory information, as well as Aderant and other companies that provide practice and matter management software. Corporates This segment serves corporate customers from small businesses to multinational organizations, including the seven major global accounting firms, with its full suite of content-enabled technology solutions for in-house legal, tax, regulatory, compliance and IT professionals. Competition: This segment’s primary global competitors are Wolters Kluwer, Bloomberg Industry Group (Bloomberg), and LexisNexis. Corporates also competes with focused software providers such as Avalara, MitraTech, Vertex and Sovos, and at times with large technology companies, such as SAP. Tax & Accounting Professionals This segment serves tax, accounting and audit professionals in accounting firms (other than the seven major, which are served by the company’s Corporates segment) with research and workflow products, focusing on intuitive tax offerings and automating tax workflows. Competition: This segment’s primary competitor is the CCH business of Wolters Kluwer. Other competitors include Bloomberg Industry Group in tax research; and Intuit, Drake Software, CaseWare and Sage in professional software and services. Reuters News This segment supplies business, financial and global news to the world’s media organizations, professionals and news consumers through Reuters News Agency, Reuters.com, Reuters Events, Thomson Reuters products and the Refinitiv business of London Stock Exchange Group plc (LSEG). This segment provides trusted news, insight and analysis, reaching billions of people worldwide every day. This segment brings together journalism, industry expertise and technology to enable people to make better decisions. In 2021, this segment delivered approximately 3.5 million unique news stories, 800,000 pictures and images and 130,000 video stories, and numerous industry events. Competition: This segment’s primary competitors include Bloomberg, the Associated Press, Agence France-Presse, and Getty. Global Print This segment provides legal and tax information primarily in print format to customers around the world. The company provides information, primarily in print format, to legal and tax professionals, government (including federal, state, and local government lawyers and judges), law schools and corporations. The business serves customers in the United States, Canada, the United Kingdom, Europe, Australia, Asia and Latin America. Competition: This segment’s primary global competitors are LexisNexis and Wolters Kluwer. Brands Westlaw, Westlaw Edge (the U.S., the U.K. & Canada), Sweet & Maxwell (U.K.), and La Ley (Argentina): This includes legal, regulatory and compliance information-based products and services. Westlaw is the company’s primary online legal research delivery platform. Westlaw offers authoritative content, search functionality and research organization, team collaboration features and navigation tools to find and share specific points of law and search for analytical commentary. Localized versions of online legal research services are provided in Argentina, Australia, Brazil, Canada, Chile, China, France, India, Ireland, Japan, New Zealand, South Korea, Spain, the United Kingdom, Uruguay and other countries. Through Westlaw International, Westlaw Asia and Westlaw Middle East, the company offers its online products and services to customers in markets where it does not offer a fully localized Westlaw service. Practical Law, Practical Law Connect, and Practical Law Dynamic Tool Set: Legal know-how, current awareness and workflow tools with embedded guidance from expert practitioners. Practice notes, standard documents, checklists and What’s Market tools cover a variety of practice areas, such as commercial, corporate, labor and employment, intellectual property, finance and litigation. Practical Law has offerings in the United Kingdom, the United States, Canada, Australia and China. CLEAR, CLEAR Risk Inform, and PeopleMap: This includes public and proprietary records about individuals and companies with tools for immediately usable results. HighQ and HighQ Contract Analysis: This includes cloud-based collaboration and workflow platform for the legal and regulatory market segment. Digital Evidence Center and Case Center: Cloud-based crime scene to court digital exhibit and evidence-sharing platform for sharing documents and multimedia between justice agencies for trial preparation and courtroom presentation. Pondera Solutions: This includes a suite of data and analytics solutions to help analysts, investigators and managers detect financial fraud, waste and abuse in healthcare and large government programs. Checkpoint and Checkpoint Edge (the U.S. and Canada): This includes integrated tax and accounting information solution that addresses market disruption through integrated research, editorial insight, workflow productivity tools, online learning and news updates, along with intelligent links to related content and software. FindLaw: This includes online legal directory, website creation and hosting services, law firm marketing solutions and peer rating services. 3E, 3E Cloud, ProLaw, Legal One, and Firm Central: This include suites of integrated software applications that assist with business management functions, including financial and practice management, matter management, document and email management, accounting and billing, timekeeping and records management. Legal Tracker: This includes online spend and matter management, e-billing, legal analytics services, and document storage, search and retrieval. Regulatory Intelligence: This includes information and software products that provide a single source for regulatory news, analysis, rules and developments, with global coverage of more than 400 regulators and exchanges. Compliance Learning: This includes training programs that assist in changing behavior and supporting a culture of integrity and compliance. ONESOURCE and ONESOURCE Global Trade: This includes a comprehensive global tax solution with local and country content focused on managing a company’s entire tax lifecycle, including direct and indirect tax compliance, indirect determination, tax accounting, transfer pricing documentation and calculations, trade and customs supporting global supply chain, trust taxation, tax information reporting, property tax, tax planning, and overall workflow and process management. Confirmation: This includes the cloud-based platform to automate the workflow of the confirmations process of an audit. Used by a global network of audit firms, banks and law firms to increase efficiency and reduce risk. Dominio: This includes accounting management and tax management software solutions for accounting firms, and micro and small companies in Brazil. Cloud Audit Suite: End-to-end solution providing throughout the audit process through a suite of tools. Includes an online confirmation service and integration with third-party data analytics. Its cloud-based technology offers the ability to work from anywhere, collaborate with colleagues in real time, and access audit data. CS Professional Suite: This includes a scalable, integrated suite of desktop and online software applications that encompass key aspects of a professional accounting firm’s operations, from collecting customer data and posting finished tax returns to the overall management of the accounting practice. Onvio: This includes an international suite of cloud-based products that bring aspects of accounting firm operations, including document management, file sharing and collaboration, time and billing, workpaper management and project management into a single, accessible online platform. Sales and Marketing The company primarily sells its products and services directly to its customers. In addition, it sells some of its products and services online directly to customers. Some of the company’s products and services are also sold through partners and authorized resellers. Acquisitions and Dispositions Acquisitions In 2021, the company launched its new TR Ventures Fund, which plans to invest to support companies that are building innovations to allow professionals. Dispositions In 2021, the company and private equity funds affiliated with Blackstone sold Refinitiv to LSEG. History Thomson Reuters Corporation was founded in 1851. The company was incorporated in 1977. It was formerly known as The Thomson Corporation and changed its name to Thomson Reuters Corporation in 2008.