Thomson Reuters to Acquire Sabrix

By Thomson Reuters, PRNE
Sunday, November 15, 2009

Tax & Accounting business adds to ONESOURCE corporate solutions for global transaction tax

NEW YORK, November 16 - Thomson Reuters (NYSE: TRI; TSX: TRI), the world's leading source of
intelligent information for businesses and professionals, today announced
that its Tax & Accounting business has signed a definitive agreement to
acquire Sabrix, Inc, a leading global provider of transaction tax management
software applications and related services. Headquartered in San Ramon, CA,
with additional operations in Oregon and London, all 160 Sabrix employees
will transfer into Tax & Accounting upon the close of the transaction, which
is expected in December 2009.

"This acquisition fulfills our vision of delivering a comprehensive
global solution for corporations in the area of transaction tax, especially
companies with a multinational presence" said Roy M. Martin, Jr., President
and CEO of Tax & Accounting. "Sabrix offerings, which cover rates and rules
for 170 countries, will be integrated with our existing local transaction tax
software and services to form a total solution for corporate customers in the
U.S., the U.K. and Europe."

Transaction tax, also known around the world as indirect tax, VAT, GST or
sales & use tax, trails only corporate and personal income taxes in its
pervasiveness among country governments.

"Sabrix applications can process an unlimited number of transactions,
control audit exposure, and reduce the total cost of sales tax, use tax, and
VAT compliance," said Brian Peccarelli, president of Corporate Software &
Services for Tax & Accounting. "Additionally, the Sabrix Managed Tax
Service(TM) offers finance departments of small-to-medium sized businesses an
outsourced transaction tax compliance service."

"We have collaborated with Thomson Reuters for years," said Steve Adams,
president and CEO of Sabrix. "We look forward to working alongside the
well-known and respected brands of the Tax & Accounting business, including
ONESOURCE and Checkpoint, so that Sabrix clients can continue to achieve
compliance with confidence in the most efficient and effective manner

Terms of the transaction were not disclosed.

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,
, Thomson Reuters employs more than 50,000 people and operates in
over 100 countries. Thomson Reuters shares are listed on the Toronto Stock
Exchange (TSX: TRI) and New York Stock Exchange (NYSE: TRI). For more
information, go to

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.

Cautionary Note Concerning Factors That May Affect Future Results

This news release includes forward-looking statements that are based on
certain assumptions and reflect Thomson Reuters current expectations.
Forward-looking statements are those that are not historical facts and
include Thomson Reuters expectations about the proposed Abacus acquisition.
Forward-looking statements are subject to a number of risks and uncertainties
that could cause actual results or events to differ materially from current
expectations. Some of the factors that could cause actual results to differ
materially from current expectations include the need to satisfy conditions
to closing, risks related to Tax & Accounting's ability to successfully
integrate the Abacus business after the closing, and actions of Tax &
Accounting's competitors. Additional factors are discussed in the materials
filed by Thomson Reuters from time to time with securities regulatory
authorities. Thomson Reuters disclaims any intention or obligation to update
or revise any forward-looking statements, whether as a result of new
information, future events or otherwise, other than as required by law, rule
or regulation.

Joe Christinat of Tax & Accounting, +1-212-807-2198, joe.christinat at

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