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Thomson Reuters Closes Acquisitions of Client Reference Platform Clarient, Legal Data Specialist Avox.

M2 EQUITYBITES-March 21, 2017-Thomson Reuters Closes Acquisitions of Client Reference Platform Clarient, Legal Data Specialist Avox

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21 March 2017 - US-based media company Thomson Reuters (NYSE: TRI) has closed the acquisitions of data platform Clarient Global LLC and UK-based legal entity data provider Avox Ltd., the company said.

Clarient is a global Know Your Customer and client reference data platform owned and used by the Depository Trust and Clearing Corp., Barclays, Credit Suisse, Goldman Sachs, J.P. Morgan, BNY Mellon, and State Street, among others.

Avox is a supplier of legal entity data, hierarchies and identifiers on financial entities globally, owned by the DTCC.

The Clarient and Avox acquisitions represent another step forward by Thomson Reuters, who brought the first KYC managed service to market three years ago (Org ID) and currently serves 23 financial institutions worldwide with over 200,000 KYC records.

These businesses will be integrated into Thomson Reuters portfolio of risk management, compliance and reference data offerings.

Clarient Global is a DTCC company founded with Barclays, BNY Mellon, Credit Suisse, Goldman Sachs, J.P. Morgan and State Street.

Its Clarient Entity Hub acts as a central hub for investment managers, hedge funds, and corporations to upload, securely store, maintain and permission use of legal entity level information, documentation and ownership information.

It integrates technology and operational expertise to provide increased controls, standardization, data quality and transparency during client on-boarding and ongoing client lifecycle activities.

Clarient was established in response to the industry's call to reduce operational complexity and to address regulatory requirements.

Avox, a subsidiary of The Depository Trust and Clearing Corp., is a UK-based supplier of legal entity data on financial entities globally, that matches, enriches and maintains legal entity reference data for its clients, delivering corporate hierarchies, registered address information, industry sector codes and company identifiers.

Thomson Reuters is a source of news and information for professional markets.

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