Thomson Reuters today announced it acquired Highline Financial, a financial information and analytics provider focused on the US banking sector. The acquisition supports Thomson Reuters strategy of providing timely, accurate and high quality information by expanding its offering to include differentiated financial content and analytics for the banking and capital markets sector.
Market dynamics are creating a strong need for deep data and analytics as the financial sector experiences a tremendous level of new regulatory oversight, post crisis performance monitoring, bank closures and overall industry consolidation. The combination of Thomson Reuters and Highline Financial will provide Thomson Reuters clients with access to Highline Financialâs comprehensive public company and regulatory database which comprises 20 years of historical data covering 20,000 financial institutions, with over 24,000 filed and calculated financial data points and ratios maintained in the system on a daily basis. Highline Financial clients will benefit from having access to the depth and breadth of Thomson Reuters global content, support and infrastructure. The information will be available on Thomson Reuters Eikon, Thomson Reuters recently launched next-generation desktop, in 2011.
âThe recent turmoil in the markets makes access to financial data more important than ever to our clients,â said Neil Masterson, Global Head of Investment Banking, Thomson Reuters. âWith the acquisition of Highline Financial, Thomson Reuters can provide the banking and capital markets sector with the financial industry-specific analytics they need to drive deal activity.â
âThis acquisition will create a significantly larger financial information and analytics platform for Highline Financial by enabling the company to leverage Thomson Reuters global reach and expertise to better serve its clients,â said Terry Waters, President & CEO, Highline Financial. âBoth companies are committed to providing the most timely, accurate and complete financial information available and the combination of the two creates an industry leader in this space.â
Highline Financial is a portfolio company of Spire Capital Partners.
Terms of the agreement were not disclosed.