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Canada: Thomson Reuters to buy Confirmation

 |  June 23, 2019

Thomson Reuters stated it has signed a deal to acquire Confirmation, a provider of secure audit confirmation services.

“The Confirmation acquisition will strengthen offerings to our core tax, accounting and audit customers,” said Jim Smith, president and CEO, Thomson Reuters. “We will continue to invest in solutions that help our customers automate tasks in their daily workflow. The Confirmation acquisition fits that objective.”

Financial terms of the agreement were not disclosed. Jim Smith says the acquisition will strengthen the company’s offerings to its core tax, accounting, and audit customers.

Confirmation is used by audit firms, banks, law firms, and credit managers to quickly and securely verify financial data.

The deal is subject to regulatory approvals and customary closing conditions. Brian Fox, president and founder of Confirmation, will join Thomson Reuters once the deal is complete and is expected to continue in an executive role.

Full Content: PR News Wire

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