HighQ, a provider of regulatory and legal support, has been acquired by Thomson Reuters for an undisclosed amount.
The company, which is based in London, provides financial services, enterprises, and legal companies with a cloud-based platform for business collaboration, workflow automation and client engagement. Its technology can help with the management of transactions, legal projects, litigations, online products, documents, contracts, and vendors, among others.
Investment banks, private equity firms, and insurance firms use HighQ to improve their asset and risk management, legal and governance, and transaction processes. The platform collects, manages and protects valuable data and content which is related to clients’ assets, and provide compliance tools and educational material to ensure no regulatory breaches are made.
Finally, the solution can generate preapproved contracts and documents in-demand and track them in real-time.
Thomson Reuters offers customers with a range of software and tools to help companies with their compliance, tax, accounting, and legal needs. The acquisition of HighQ will enable to provide more cloud-based software tools for its clients.
HighQ CEO and founder Ajay Patel 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.”
Last year, a consortium led by Blackstone acquired a majority stake in Thomson Reuters’ financial and risk business. The division, now known as Refinitiv, offers data and insights, trading platforms, and open data platforms which connect the global financial markets community.
Through the deal, the company hopes to increase its content coverage, AI and analytics capabilities.
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