Thomson Reuters acquires HighQ
Thomson Reuters has acquired HighQ, a collaboration platform for the legal and regulatory market. Financial terms of the transaction were not disclosed.
HighQ offers a secure cloud-based platform for business collaboration, workflow automation and client engagement.
Based in London with offices in the United States, Germany, the Netherlands, Australia and India, HighQ currently serves more than 400 customers, including more than half of the global 100 largest law firms.
“This deal follows our recent acquisition of Confirmation, a provider of secure audit services, and reinforces our strategy of carefully investing to grow our core offerings in the world of business information services,” says Jim Smith, president and CEO at Thomson Reuters.
“Legal professionals are being disrupted by technology change and are seeking software solutions to help them improve costs and increase productivity,” says Brian Peccarelli, COO, customer markets at Thomson Reuters and head of its legal professionals’ segment.
“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,” says Ajay Patel, CEO and founder of HighQ.
This acquisition will expand on the company’s 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.