Thomson Reuters Completes Acquisition of Abacus Software Business From Deloitte LLP

NEW YORK -

Thomson Reuters, the world’s leading source of intelligent information for businesses and professionals, today announced that its Tax & Accounting business has completed the acquisition of the Abacus Enterprise suite of products and related business operations from Deloitte LLP, a leading professional services firm.

The Abacus suite of products helps corporations and their advisors plan, comply, and remit income taxes and value added taxes (VAT), and, in addition to Abacus products, includes Workflow, Identity and P11D products. The business will continue to be based in London.

Thomson Reuters

Thomson Reuters is the world’s leading source of intelligent information for businesses and professionals. We combine industry expertise with innovative technology to deliver critical information to leading decision makers in the financial, legal, tax and accounting, healthcare and science and media markets, powered by the world’s most trusted news organization. With headquarters in New York and major operations in London and Eagan, Minnesota, Thomson Reuters employs more than 50,000 people and operates in over 100 countries. Thomson Reuters shares are listed on the Toronto Stock Exchange and New York Stock Exchange. For more information, go to www.thomsonreuters.com.

The Tax & Accounting business of Thomson Reuters is the leading provider of technology and information solutions, as well as integrated tax compliance software and services to accounting, tax and corporate finance professionals in accounting firms, corporations, law firms and government. Tax & Accounting includes the Research & Guidance, Professional Software & Services, and Corporate Software & Services business groups.

Source: Thomson Reuters

Joe Christinat, Tax & Accounting, +1-212-807-2198, joe.christinat at thomsonreuters.com, or Victoria Brough, EMEA, +44(0)207-542-8763, victoria.brough at thomsonreuters.com, both of Thomson Reuters