Thomson Reuters
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| Thomson Reuters | |
|---|---|
 Skeezix1000 · CC BY-SA 3.0 · source | |
| Name | Thomson Reuters |
| Type | Public |
| Traded as | NYSE: TRI, TSX: TRI |
| Industry | Media, Information services |
| Founded | 17 April 2008 (merger of The Thomson Corporation and Reuters Group) |
| Founder | Roy Thomson (Thomson), Paul Julius Reuter (Reuters) |
| Hq location | Toronto, Ontario, Canada |
| Key people | David Thomson (Chairman), Steve Hasker (President & CEO) |
| Products | Legal research, Financial data, Tax software, News agency |
| Revenue | ▲ US$6.35 billion (2022) |
| Num employees | ~24,900 (2022) |
Thomson Reuters. The company is a global provider of specialized information, software, and workflow solutions for professionals in the legal, tax, accounting, corporate, and government sectors. Formed by the merger of The Thomson Corporation and Reuters Group, it operates in over 100 countries and is known for its flagship products like Westlaw and Checkpoint. Headquartered in Toronto, it maintains a significant operational presence in major financial centers including London, New York City, and Eagan, Minnesota.
History
The company's lineage traces back to two distinct media and information dynasties. The Thomson side originated with Roy Thomson's acquisition of newspapers in Ontario during the Great Depression, later expanding into North Sea oil and professional publishing. The Reuters side was founded in 1851 by Paul Julius Reuter in London, pioneering the use of telegraphy to transmit financial news across Europe. Key milestones include Thomson's 1989 acquisition of the legal publisher West Publishing and Reuters' pivotal role in global news coverage, such as during the American Civil War and the October Revolution. The historic merger in 2008, valued at over $17 billion, created one of the world's largest information companies. Subsequent restructuring included the 2018 sale of a majority stake in its Financial & Risk unit to Blackstone Group, which was later relaunched as Refinitiv.
Business segments
The company is organized into three primary customer-focused segments. The **Legal Professionals** segment serves law firms and the judiciary with research, software, and information solutions, anchored by the Westlaw platform and services like Practical Law. The **Tax & Accounting Professionals** segment provides integrated software and information offerings for accounting firms and corporate departments, featuring the ONESOURCE suite and Checkpoint. The **Corporates** segment delivers solutions for governance, risk management, and compliance to multinational companies and government agencies, including the World-Check screening database and media monitoring tools. Each segment operates globally, with significant research and development centers in locations like Zurich and Bangalore.
Products and services
Its portfolio encompasses a wide array of specialized tools and content. In legal research, Westlaw and Practical Law are industry standards, while Casetext offers artificial intelligence-driven analysis. For tax and accounting, the ONESOURCE platform and Checkpoint provide critical regulatory and compliance data. The company's news agency, operating under the Reuters brand, is a global leader in financial and general news, serving media outlets like BBC News and The New York Times. Other notable services include the Elite practice management system, the Thomson Reuters Institute for professional insights, and data feeds integrated into platforms like the London Stock Exchange and Bloomberg Terminal.
Corporate affairs
The company is publicly traded on both the New York Stock Exchange and the Toronto Stock Exchange under the symbol TRI. Its governance is led by Chairman David Thomson and CEO Steve Hasker, with major offices in Toronto's Bay Street financial district and London's Canary Wharf. It actively engages in corporate social responsibility through the Thomson Reuters Foundation, which focuses on media freedom and human rights issues. The organization has faced scrutiny, including during the 2010 Flash Crash related to its data feeds, and has undergone significant strategic shifts, such as its partnership with Microsoft to integrate generative AI into its legal products.
See also
* Bloomberg L.P. * RELX * Dow Jones & Company * S&P Global * Wolters Kluwer * Refinitiv * Reuters
Category:Companies listed on the New York Stock Exchange Category:Mass media companies of Canada Category:Information technology companies of Canada