Thomson Reuters
Categories
#255
Rank
$76.15B
Marketcap
Canada
Country
Steve Hasker (President and Chief Executive Officer)
Michael Eastwood (Chief Financial Officer)
Shawn Malhotra (Head of Engineering)
Kirsty Roth (Chief Operations and Technology Officer)
Mary Alice Vuicic (Chief People Officer)
David Thomson (Chairman)
Media and Communications
Summary
Thomson Reuters is a renowned provider of information, data, and technology solutions for professionals worldwide. With over 160 years of experience, the company offers a wide range of products and services across various industries.
In the news and media sector, Thomson Reuters delivers real-time and curated news content from around the world, keeping professionals updated and informed about market trends and events.
For the financial industry, Thomson Reuters provides comprehensive financial data, analytics, and trading solutions, empowering financial professionals to make informed decisions, manage risks, and execute transactions efficiently. In the legal, tax, and accounting domains, Thomson Reuters offers innovative solutions for legal research, practice management, tax compliance, and accounting, enabling professionals to streamline workflows, access relevant information, and ensure compliance.
Thomson Reuters also caters to intellectual property, risk management, compliance, and science and healthcare professionals, delivering specialized solutions to support their specific needs. Thomson Reuters is a trusted partner for professionals across industries, delivering reliable information, data, and technology solutions that drive informed decision-making, improve efficiency, and contribute to success in an ever-changing business landscape.
History
Thomson Reuters boasts a storied history that spans over a century, marked by significant milestones and transformative developments. The company's roots can be traced back to 1851 when Paul Julius Reuter founded the Reuters news agency in London, revolutionizing the transmission of stock market quotations across borders. Meanwhile, in 1889, David Thomson laid the foundation of what would become The Thomson Corporation, starting as a humble book publishing business in Ontario, Canada.
Over the years, both Reuters and Thomson steadily expanded their operations and diversified their services. Reuters emerged as a pioneering force in international news services, being the first to report the fateful sinking of the RMS Titanic in 1912. Thomson, on the other hand, ventured into various publishing sectors, including newspapers, magazines, and directories, establishing its presence as a reliable source of information.
In the 1960s and 1970s, Reuters embraced computer technology for news transmission, departing from conventional telegraph-based communication. Meanwhile, The Thomson Corporation underwent a transformative phase, divesting its newspaper and magazine assets in the 1980s to become a global information services company. With a sharpened focus on electronic information provision, Thomson positioned itself as a trusted provider of essential data and insights.
The dawn of the new millennium brought forth significant developments for both entities. The Thomson Corporation acquired Primark, a financial data provider, in 2000, bolstering its position in the market. Seven years later, in 2007, Thomson expanded its influence by acquiring West Publishing, a prominent legal research provider, and established Thomson Legal & Regulatory as a major player in the legal information sphere.
The most transformative moment in the company's history came on April 17, 2008, when The Thomson Corporation acquired Reuters Group plc. This landmark merger formed Thomson Reuters, a global information powerhouse at the intersection of business, finance, law, tax, accounting, and media. Combining the strengths and expertise of both entities, Thomson Reuters became a trusted provider of critical information and solutions to professionals worldwide.
In 2009, Thomson Reuters withdrew its listings from the London Stock Exchange and the NASDAQ, opting instead to be listed on the Toronto Stock Exchange and the New York Stock Exchange. This strategic move solidified the company's global presence and demonstrated its commitment to serving a diverse range of clients.
Throughout the 2010s, Thomson Reuters continued to expand its offerings and solidify its position as a leader in the information services industry. Leveraging advancements in technology, the company provided professionals with cutting-edge data analytics, artificial intelligence, and machine learning capabilities, enabling them to make informed decisions in an increasingly complex and fast-paced world.
Emphasizing its dedication to sustainability and diversity, Thomson Reuters set ambitious goals in the 2020s. The company pledged to achieve carbon neutrality by the end of the year 2020 and committed to sourcing renewable energy for 100% of its global energy needs. Additionally, Thomson Reuters aimed to foster gender parity in senior leadership roles, setting a target of 40% female representation by 2020.
Today, Thomson Reuters stands as a testament to the power of information. With a legacy of innovation, a commitment to excellence, and a global network of professionals, the company continues to empower individuals and organizations with the knowledge and insights needed to navigate an ever-changing world.
Mission
Thomson Reuters is dedicated to providing professionals with trusted information, innovative solutions, and cutting-edge technology to help them make critical decisions with confidence. The company strives to deliver comprehensive, accurate, and timely information across various industries, empowering individuals and organizations to act with knowledge and insight.
Thomson Reuters is committed to pushing the boundaries of innovation, embracing emerging technologies, and leveraging data analytics to uncover actionable insights. By continuously adapting to the evolving needs of professionals and leveraging its global network, the company strives to be at the forefront of shaping the future of information services.
Vision
Thomson Reuters envisions a world where professionals have access to the most relevant and reliable information, enabling them to navigate complex challenges, seize opportunities, and drive positive change. The company aims to be the leading provider of essential intelligence, delivering indispensable insights that fuel informed decision-making and foster success for its clients.
Thomson Reuters recognizes the importance of ethical conduct, transparency, and integrity in everything it does. The company upholds the highest standards of professionalism, ensuring that its information and solutions are reliable, unbiased, and of the utmost quality. By maintaining these principles, Thomson Reuters aims to earn and preserve the trust of its clients, partners, and stakeholders.
Key Team
Stephane Bello (Board Member)
Bob Sturm (Chief Architect, Tax & Accounting)
Carla Jones (Chief of Staff)
Cgbs Mike Raymond (Chief Product Owner, B2C Transformation)
David Wong (Chief Product Officer)
Erik Carlson (Chief Marketing Officer, Tax & Accounting)
Ignacio Javier Carnero Ros (Chief Marketing, Digital and Product Officer)
James Paille Cpp (Director Compliance ; Chief Compliance Officer & Corporate Secretary Mypay Solutions)
James Smith (CEO, President)
Recognition and Awards
Products and Services
Thomson Reuters offers a wide range of products and services across multiple industries, catering to the needs of professionals who require accurate and timely information to make informed decisions. Here are some of the key products and services provided by Thomson Reuters:
- News and Media: Thomson Reuters delivers real-time and curated news content from around the world, covering a wide range of topics such as business, finance, politics, law, and more. Their news services include Reuters News Agency, Reuters.com, and Reuters TV.
- Financial Data and Analytics: Thomson Reuters provides comprehensive financial data, analytics, and trading solutions to financial professionals. This includes market data, pricing information, research tools, trading platforms, risk management systems, and financial analysis software such as Thomson Reuters Eikon and Thomson ONE.
- Legal Solutions: Thomson Reuters offers a suite of legal solutions for law firms, legal professionals, and corporate legal departments. These solutions include legal research platforms such as Westlaw, Practical Law, and Westlaw Edge, as well as legal practice management software, document management systems, and litigation support tools.
- Tax and Accounting: Thomson Reuters provides tax and accounting professionals with a range of software and tools to streamline their workflows, comply with regulations, and provide accurate financial reporting. Their offerings include software solutions such as Thomson Reuters ONESOURCE, Checkpoint, and UltraTax.
- Intellectual Property: Thomson Reuters offers intellectual property solutions that help businesses protect and monetize their intellectual assets. This includes services for patent research and analysis, intellectual property management, trademark research, and intellectual property litigation support.
- Risk and Compliance: Thomson Reuters provides risk management and compliance solutions to help organizations navigate regulatory complexities, manage risks, and ensure compliance with legal and regulatory requirements. Their offerings include software platforms such as Thomson Reuters World-Check, Accelus Risk Manager, and Regulatory Intelligence.
Thomson Reuters provides research solutions and data analytics for the scientific, healthcare, and pharmaceutical industries. Their products and services assist researchers, healthcare professionals, and pharmaceutical companies in accessing scientific literature, analyzing research data, and making informed decisions.
References
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Steve Hasker (President and Chief Executive Officer)
Michael Eastwood (Chief Financial Officer)
Shawn Malhotra (Head of Engineering)
Kirsty Roth (Chief Operations and Technology Officer)
Mary Alice Vuicic (Chief People Officer)
David Thomson (Chairman)
Media and Communications