Thomson Reuters has acquired HighQ , a collaboration platform for the legal and regulatory market used by the likes of Dentons, Freshfields and CMS.
Financial terms of the transaction were not disclosed.
Based in London with offices in the United States, Germany, the Netherlands, Australia and India, HighQ offers a cloud-based platform for business collaboration, workflow automation and client engagement.
HighQ serves more than 400 customers, including more than half of the Global 100 largest law firms.
Thomson Reuters provides its customers with solutions that help them generate more efficiencies, lower costs, improve accuracy and reduce risk.
This acquisition will expand on the company's strategic objective to provide more cloud-based software offerings and will meet a growing market need for legal professionals, aligning with Thomson Reuters focus on legal, tax, compliance and risk.
"This deal follows our recent acquisition of Confirmation, a leading provider of secure audit services, and reinforces our strategy of carefully investing to grow our core offerings in the world of business information services," said Jim Smith, president and CEO, Thomson Reuters.
“HighQ's software platform is flexible, user-friendly and integrates with other leading-edge technology to provide a seamless user experience."
Ajay Patel, CEO and founder of HighQ, said: “Our intelligent workflow platform allows legal professionals and in-house corporate legal departments to collaborate on projects, matters and transactions, transforming legal service delivery and creating compelling digital experiences for clients and business.
"We are excited to expand our global footprint and leverage the Thomson Reuters network to support and serve across several vertical industries and geographies.”
