Profile: Thomson Reuters Corp (TRI.N)
29 May 2015
Thomson Reuters Corporation, incorporated on December 28, 1997, is a provider of intelligent information for businesses and professionals. The Company is organized into four business units: Financial & Risk, Legal, Tax & Accounting and Intellectual Property & Science. Financial & Risk business unit provides news, information and analytics, enabling transactions and bringing together financial communities. It also provides regulatory and operational risk management solutions. Legal business unit provides online and print information, decision tools, software and services that support legal, investigation, business and government professionals. Tax & Accounting business unit provides integrated tax compliance and accounting information, software and services for professionals in accounting firms, corporations, law firms and government. Intellectual Property & Science business unit provides intellectual property and scientific information, decision support tools and services that enable the lifecycle of innovation for governments, academia, publishers, corporations and law firms to discover, protect and commercialize new ideas and brands.
The Company also has a Global Growth & Operations organization, which works across its business units to combine its global capabilities and to expand its local presence and development in countries and regions. It also operates Reuters, which is a provider of multimedia news and information services to newspapers, television and cable networks, radio stations and websites.
Financial & Risk
The Company's Financial business provides a range of offerings to financial markets professionals. It delivers global content sets, including fundamentals, estimates, primary and secondary research, along with the tools, platforms and services to enable intelligent decision-making. Its flagship financial markets desktop is Thomson Reuters Eikon, which provides pre-trade decision-making tools, news, real-time pricing, charting, analytics, portfolio tools, trading connectivity and collaboration tools. It also expanded the footprint of Eikon Messenger, a free instant messaging tool. Its Thomson ONE product provides integrated access to information, analytics and tools delivered within workspaces designed specifically for each target customer's workflow. Its Thomson Reuters BETA product provides complete suite of integrated, intelligent solutions to manage retail brokerage operations, including workflow and productivity tools, transaction processing, reporting and archiving and data delivery. Thomson Reuters Elektron is a suite of data and trading solutions that offer the real-time and non-real-time data, analytics, platform and transactional connectivity to power the enterprise and connect global markets. It offers low-latency feeds that cover thousands of exchanges and over-the-counter (OTC) markets. Its Thomson Reuters Enterprise Platform provides scalable technology platforms that enable financial institutions to control real-time information flows. Its foreign exchange (FX) business operates electronic trading venues, which provide access to liquidity in OTC markets, trade execution and connections for market participants and communities of financial professionals worldwide. It also provides post-trade services globally, enabling banks, brokers and electronic marketplaces to seamlessly connect with their counterparties. Its FX business launched a new Rule Book for spot trades, as well as a new suite of risk controls for users of Thomson Reuters Matching, which includes the ability to net trades and optimize credit. Its Tradeweb product is an electronic multi-dealer-to-customer marketplace for trading fixed income, derivatives and money market products, which connects investment banks with institutional customers.
The Company's Risk business provides a suite of solutions designed to help its customers address pricing and valuation, third party risk (customer, supplier and partner), regulatory compliance, corporate governance and operational risk controls. Thomson Reuters Risk Management Solutions combine technology with regulatory and risk intelligence to deliver integrated offerings to financial services and multinational institutions for global regulatory intelligence, financial crime prevention, anti-bribery, anti-money laundering and anti-corruption, know-your-customer (KYC) and other due diligence, compliance management, internal audit, e-learning, risk management and board of director services. Risk offers Thomson Reuters Org ID for financial services institutions required to comply with KYC regulations. Org ID is an end-to-end client identity service that collects, verifies, screens and helps determine ultimate beneficial owners and monitors a legal entity for change. The Risk business also provides independent and timely pricing information on fixed income derivatives, instruments and loans. The Risk's product categories are Third Party Risk is a provider of information, software products and services, which include Org ID (KYC managed service), World-Check data, screening software and due diligence reports; Regulatory Intelligence and Compliance Management is a provider of information and software products, which include global coverage of over 550 regulatory bodies and over 950 rulebooks with exclusive news and analysis; eLearning is a provider of training programs, which assist in changing behavior and supporting a culture of integrity and compliance; Internal Audit and Controls is a provider of internal auditing and internal controls testing, including risk assessment, global issue tracking and administration; Enterprise Risk Management captures risk intelligence, such as loss events, key risk indicators, assessment responses and scenario analysis data; and Thomson Reuters DataScope is a data delivery platform for non-streaming cross-asset class content and supports the management of financial risk.
The Company's Legal business unit's range of products utilize its electronic databases of legal, regulatory, news, public records and business information. The Legal's products, services and solutions include legal research solutions; know-how solutions; software-based workflow solutions; compliance solutions; marketing, finance and operations software; litigation support tools; and business development and legal process outsourcing services. Its primary online legal research delivery platform is WestlawNext. WestlawNext offers content, search functionality and research organization, team collaboration features and navigation tools that enable customers to find and share specific points of law, build tables of authorities and search for analytical commentary. WestlawNext is also available through an iPad application and a mobile site. It provides localized versions of online legal research services in Argentina, Australia, Brazil, Canada, Chile, China, France, Hong Kong, India, Ireland, Japan, Malaysia, New Zealand, South Korea, Spain, the United Kingdom and other countries. Through Westlaw International, it offers online products and services to customers. Practical Law provides legal know-how, current awareness and workflow tools to law firms and legal departments. Practical Law's resources, such as its practice notes, standard documents, checklists and What's Market tools, cover a range of practice areas, such as commercial, corporate labor and employment, intellectual property, finance and litigation. Along with its offerings in the United Kingdom and United States, Legal introduced country-specific versions of Practical Law in China and Canada. Its Legal business also offers enterprise solutions that support the client development and back office business functions of a law practice. These include online marketing and client development solutions for law firms, as well as integrated software applications. Through its managed services offerings, Legal provides a complete suite of litigation software, services, solutions and legal research tools that help lawyers work during all phases of litigation, including case evaluation, document review, depositions, motion practice, expert witness selection and trial preparation. For courts, Legal provides a software suite to automate court processes through case management, document management, e-filing and collaboration tools. For customers in law enforcement, law firms and legal departments, as well as other investigative professionals, Legal offers a suite of research tools used to find information on people, assets and entities, drawing from publicly available information.
Tax & Accounting
The Company's Tax & Accounting business unit's businesses are Corporate, which provides a suite of global and local tax compliance, workflow and data management software and services to corporations; Knowledge Solutions, which provides information, research and certified professional education tools for tax and accounting professionals; Professional, which provides a suite of tax, accounting, audit, payroll, document management, client portals and practice management software and services to accounting firms; and Government, which provides integrated property tax management and land registry solutions to national, state and local government agencies. The Tax & Accounting's brands are ONESOURCE, which provides tax compliance solution for tax planning, tax provision, tax compliance, transfer pricing, trade and customs, tax information reporting, trust, property, and overall tax workflow management and data management; Checkpoint, which provides integrated information solution delivering research, expert guidance, applications and workflow tools, as well as primary sources and third party content providers; CS Professional Suite, which provides integrated suite of software applications, including UltraTax CS, Accounting CS and Practice CS; Digita, which provides the United Kingdom tax compliance and accounting software and services; and Aumentum, which provides software and services that allow Governments to manage revenue through automated land and property tax administration.
Intellectual Property (IP) & Science
The Company's Intellectual Property (IP) & Science business unit is organized in three businesses: Intellectual Property Assets, which provides patent, trademark and brand content and services that help corporate and legal IP professionals drive new growth opportunities, manage and protect IP assets and create maximum value from their IP portfolio; Life Sciences, which helps accelerate pharmaceutical research and development by providing decision support information and analytics and professional services to pharmaceutical and biotechnology companies; and Government & Academia, which fosters collaboration and enables scientific search and discovery by providing access to the critical citation data, as well as benchmarking and analytics designed to maximize returns on research funding and tools to facilitate the peer-review and publishing process. The Intellectual Property & Science's brands are Thomson IP Manager is an intellectual asset management solution for patents, trademarks, licensing agreements, invention disclosures and IP matters; Thomson Innovation is a patent intelligence and collaboration platform; MarkMonitor is a provider of online brand protection solutions: domain name management, anti-piracy, anti-fraud, anti-counterfeiting and abating online brand abuse; SERION is a provider of suite of trademark research solutions for screening, searching and protecting brands; Web of Science is a platform of scientific, technical and scholarly literature with science citation index; and Thomson Reuters Cortellis is an integrated platform containing research and development (R&D) drug pipeline information, patents, deals, company information, breaking industry news, conference coverage and global regulatory intelligence.
The Company competes with Bloomberg, FactSet, S&P, SunGard Data Systems, Interactive Data, Telekurs, Dow Jones, IBM, ICAP, MarketAxess, CCH Team Mate, Protiviti, BWise, MetricStream, Actimize, Diligent, BoardVantage, McGraw-Hill Financial, Reed Elsevier, Wolters Kluwer, Intuit, Corporation Services Company, CPA Global, CSC Global, Google Patents, Innography, Informa, IMS, Google Scholar, RefWorks, ProQuest, EBSCO, Aries, Associated Press and Agence France-Presse.
Thomson Reuters Corp
3 Times Sq
NEW YORK NY 10036-6564