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Thomson Reuters Corporation

Thomson Reuters Corporation. Pat McMahon 3/19/12. Products. Business data provider Enormous variety of professional products and software Five major divisions: Markets Legal Intellectual property and science Tax and accounting Global growth organization. Financials. Financials.

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Thomson Reuters Corporation

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  1. Thomson Reuters Corporation Pat McMahon 3/19/12

  2. Products • Business data provider • Enormous variety of professional products and software • Five major divisions: • Markets • Legal • Intellectual property and science • Tax and accounting • Global growth organization

  3. Financials

  4. Financials • Market value: $24.5 billion • Revenue: $13.8 billion • Net income: $1.4 billion • 55,000 employees worldwide

  5. History • Began as two separate companies • The Thomson Corporation • Reuters Group • April 17 2008 Thomson Corporation bought Reuters • Merger valued at $17.2 billion • Merger had anti-trust review and proceedings for “potential of abuse on the dominant market position”

  6. History • Thomson Corporation • Began in 1950s as a small Canadian newspaper, founded by Roy Thomson • Grew in the 1960s to become one of the largest newspaper conglomerate and publisher in Canada • In 1978, acquired Wadsworth publishing became one of the largest publishers of educational texts

  7. History • Thomson Corporation • In early 90s, transitioned to specialized information services • Owns hundreds of well-known brands, such as: • Physician’s Desk Reference • EndNote • Micropatent • Wadsworth • Cengage

  8. History • Reuters • Multinational media group founded in 1851 thanks to electric telegraph by Paul Julius Reuter • Largely known as a media group/news agency, but comprises less than 10% of their enterprise • Owns many companies for the provision of market data and analysis • IPO in 1984

  9. Corporate culture • Strong culture of ethics • Developed a constitution and decisions are made by the board – not shareholders • Huge effort to present impartial data and information

  10. What’s hot hothot • Diversification and acquisitions • Recently went from two divisions (market and professional) to the five listed earlier • Many large, recent acquisitions to become the premier source of data in markets such as science, pharmacology, intellectual property, tax, and accounting

  11. Recent major acquisitions • July 2009 – Streamlogics: real time data mining and analysis • November 2009 – Sabrix: leading provider of enterprise accounting and tax software • February 2010 – Aegisoft: electronic trading • October 2010 – Serengeti law: matter management and ebilling • November 2010 – Highline financial: banking data and analytics • November 2010 – GeneGo: leading provider of databases for biology software • December 2011 – Emochilla: cloud web development

  12. Secret sauce • Continuing diversification – become the leader in data for everything • Continually impartial and reliable data source • Regular income from established markets already dominated

  13. Competition • Bloomberg: $6.9 billion annual revenue • Morningstar: $600 million annual revenue • Markit group: Private company, 2300 employees

  14. Prediction • Solid growth potential • Continues to be successful in old business while adapting new business and technology • Adapts very well to changes

  15. Questions • Comments? Questions?

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