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Thomson Reuters Acquires ThoughtTrace

Mar 3, 2022 Business News

Updated 4.14.2022

We are pleased to announce that Thomson Reuters, a leading provider of business information services, has acquired ThoughtTrace.

Thomson Reuters will be a great home for ThoughtTrace. We will work with Thomson Reuters to continue providing the highest level of service and quality products. The innovative products, technology, culture and talent from ThoughtTrace will help deliver even greater value to our customers. Longer term, ThoughtTrace and Thomson Reuters will work together to enhance products, expand into additional verticals, improve our digital offerings, and create new capabilities.

Any changes should be invisible to customers, who can continue to look to ThoughtTrace for the high-quality products and services they have come to expect. Customers can contact the ThoughtTrace sales and service team as they normally do for any questions or needs.

“Our success at ThoughtTrace has really been built upon a relentless customer focus and a passion for building elegant solutions that meet our customers where they are,” said Nick Vandivere, CEO at ThoughtTrace. “Being a part of Thomson Reuters will allow us to continue that at scale, across many industries and use cases. We could not be more excited for what this combination brings to our team members, our customers, and the future of applied artificial intelligence.”

Thomson Reuters is continuing to build an open, smart and connected platform, and ThoughtTrace will enhance the legal technology suite and help customers generate additional efficiencies, streamline workflows, improve accuracy and reduce risk.

“We are excited to have ThoughtTrace joining our organization and this acquisition brings additional technology and expertise to further the AI and analytics capabilities in our LegalTech platform,” said Kriti Sharma, who joined Thomson Reuters in October 2021 as chief product officer for the LegalTech product portfolio. “Thomson Reuters has long been a leader using AI and machine learning, and this will accelerate advancements in multiple areas, including contract analysis, contract lifecycle management and legal workflows.”

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