TSX:TRI

Tax and accounting firms to benefit from secure cloud hosting brought by Right Networks and Thomson Reuters

Retrieved on: 
Tuesday, August 15, 2023

As part of the multi-year collaboration, tax and accounting officers can now leverage Right Networks’ secure, scalable cloud hosting with Thomson Reuters’ software suite, including UltraTax CS and SurePrep.

Key Points: 
  • As part of the multi-year collaboration, tax and accounting officers can now leverage Right Networks’ secure, scalable cloud hosting with Thomson Reuters’ software suite, including UltraTax CS and SurePrep.
  • “Thomson Reuters stands as a proven leader in the accounting profession, offering long-standing world-class solutions across the United States and beyond.
  • We are excited for the opportunity to help bring even more value to firm customers using our scalable, secure and highly reliable cloud,” said Will Yapp, Chief Revenue Officer at Right Networks.
  • Right Networks gives firms the flexibility to access solutions from an application hosting provider, while reaping the benefits of cloud-enabled access to Thomson Reuters tax software, taking the pain out of managing applications, security and IT.”
    Click here to learn more about Thomson Reuters’ solutions powered by the Right Networks cloud.

Thomson Reuters and TPG to Establish Elite as an Independent Legal Tech Company

Retrieved on: 
Tuesday, April 4, 2023

TPG (NASDAQ: TPG) and Thomson Reuters (TSX/NYSE: TRI) today announced that they have signed a definitive agreement for TPG to acquire a majority stake in Elite from Thomson Reuters, valuing the business at approximately US$500 million.

Key Points: 
  • TPG (NASDAQ: TPG) and Thomson Reuters (TSX/NYSE: TRI) today announced that they have signed a definitive agreement for TPG to acquire a majority stake in Elite from Thomson Reuters, valuing the business at approximately US$500 million.
  • Thomson Reuters will retain a minority ownership stake in the business and have board representation, supporting Elite strategically going forward.
  • We believe the legal industry is a market that is undergoing digital transformation, and Elite partners with leading firms on that journey,” said Tim Millikin, Partner at TPG.
  • Baker McKenzie is serving as legal counsel to Thomson Reuters, and Davis Polk & Wardwell LLP is serving as legal counsel to TPG.