True Office and Thomson Reuters Partner to Accelerate Enterprise Gamification

Thu Feb 7, 2013 4:01am EST

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Financial services firms to benefit from business-critical regulation and compliance training

LONDON; February 07, 2013 - True Office, the company that gamifies regulatory and compliance
training, today announces a product development and distribution partnership with Thomson Reuters,
the world's leading source of intelligent information for businesses and professionals, to create
a range of new applications to address regulatory and compliance training requirements for
financial services firms globally. 

The deal will bring together True Office's expertise in gaming, mobile applications and analytics
with Thomson Reuters comprehensive governance, risk and compliance content to develop a suite of
new products including anti-money laundering, data privacy and Dodd Frank. Together these will
enable financial institutions to more effectively plan, manage and implement compliance training
programs and assess risk across their organizations. 

Commenting on the news, True Office Executive Chairman Cristóbal Conde said, "The challenge of
regulation and compliance in today's financial environment is twofold:  first, transforming
training from a punitive tax into an opportunity to promote more responsible corporate citizenship
and second, gathering data to quantify risk in a complex regulatory environment. Few, if any,
applications outside of gamification can successfully engage employees while generating actionable

Gartner, the information technology research company, has predicted that 40 percent of Global 1000
organizations will use gamification as the primary mechanism to transform business operations by
2015. Gartner expects enterprise gamification to surpass consumer gamification in 2013 with the
worldwide gamification market growing from $242 million in 2012 to $2.8 billion in 2016.

"The reputational risks and fiduciary costs associated with compliance are what keep our clients
awake at night," said Thomson Reuters Managing Director of Enterprise Risk Management, Andrew

He added, "The combination of gamification technology and analysis with high-quality risk and
compliance e-learning content will be of real benefit to our clients. It will allow them to
clearly identify and track areas where compliance training may be needed within their organization
and respond to those needs as well as accelerating the businesses ability manage and mitigate

"The True Office/Thomson Reuters partnership will break open new possibilities for banks, allowing
them to convert mandatory compliance training into an impactful and quantifiable experience at a
fraction of the cost of traditional methods," concluded True Office Founder and Chief Executive
Adam Sodowick." True Office is pioneering a new industry standard for regulatory compliance
training that aligns with Thomson Reuters' customer proposition for governance, risk and

Both True Office and Thomson Reuters will be attending FinovateEurope , in London on 12-13 February.

About True Office

The multi-billion dollar mandatory compliance training market has been largely ignored by
technological innovation until True Office. True Office Founder and Chief Executive Adam Sodowick
started the company in 2011. Based in New York City with offices in Boston, True Office creates
data-rich, mobile games that help companies reduce risk and save money, transforming mandatory
compliance training into a fun, intelligible and quantifiable experience. Squarely in line with
key enterprise trends such as tablet and smartphone usage, mobile apps and cloud services and
decision analytics, True Office designs and delivers products for a contemporary mobile workforce.

True Office was chosen to participate in the 2012 FinTech Innovation Lab. The program, which is
run by the Partnership for New York City Fund and Accenture, supports the development of cutting
edge technologies for the financial services industry in New York City under the guidance and
mentorship of chief technology officers and other senior executives from 12 of the world's major
financial institutions as well as executives from leading venture capital firms. 

About Thomson Reuters

Thomson Reuters is the world's leading source of intelligent information for businesses  and
professionals. We combine industry expertise with innovative technology to deliver critical
information to leading decision makers in the financial and risk, legal, tax and accounting,
intellectual property and science and media markets, powered by the world's most trusted news
organization. With headquarters in New York and major operations in London and Eagan, Minnesota,
Thomson Reuters employs approximately 60,000 people and operates in over 100 countries. Thomson
Reuters shares are listed on the Toronto and New York Stock Exchanges. For more information, go to .


For True Office
Amanda Lyons
+44 (0)207 935 4800 

Lauren Prince-Wright
+44 (0)207 935 4800 

For Thomson Reuters
Alan Duerden
+44 (0) 20 7542 0561 


This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients.

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(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.

Source: Thomson Reuters Corporation via Thomson Reuters ONE


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