Thomson Reuters is to acquire Complinet, a leading provider of global compliance information solutions for financial services institutions and their advisers. Terms of the deal, expected to close in the second quarter, were not disclosed.
Complinet was founded in 1997. It is headquarted in London, with offices in offices in New York, Sydney, Singapore and Dubai. The company has more than 200 employees.
Complinet services are provided to industry professionals in more than 1,900 firms across 81 countries. Complinet’s services will complement the Thomson Reuters existing professional information and software assets in the global legal and financial markets.
Chris Pilling, Complinet CEO and founder, said the deal with Thomson Reuters is the important next step in Complinet’s natural evolution. “The acquisition by Thomson Reuters will allow Complinet to fully realize its vision, backed by the reach and resources of Thomson Reuters,” he said. “Current customers will only see improvements to the unique services and quality they have come to expect from Complinet. Moving forward, we will see the true potential of this business when aligned with the scale and global footprint of Thomson Reuters.”
Pilling will continue to lead Complinet and the business will continue to serve its clients as before. Pilling will report to Peter Warwick, chief executive officer of Thomson Reuters, Legal, and will work closely with businesses pan-Thomson Reuters to fully leverage current global regulatory compliance assets within both the Markets and Professional divisions.
Location: USA, New York & UK, London
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