Thomson Reuters, a Canadian multinational mass media and information firm announced that it has acquired HighQ, a collaboration platform of the legal and regulatory market industry. Based in multiple cities such as London, United States, Germany, Netherlands, Australia and India, HighQ offers a secure cloud-based platform for business collaboration, workflow automation, and client engagement. HighQ currently covers over 400 customers, including more than half of the Global 100 largest law firms.
Thomson Reuters has been providing its customers with efficient solutions that help them generate efficiency at lower costs with improved accuracy and at reduced risks. This acquisition serves to be the company’s strategic objective to facilitate more cloud-based software. It promotes the offering and will meet a growing market need for legal professionals that aligns with the objective of Thomson Reuters who 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 of Thomson Reuters.
“HighQ’s software is user-friendly, flexible, and integrates with other leading-edge technology to provide seamless user experience,” he further added. “This acquisition will position us with an open best-in-class platform at the heart of the legal software ecosystem. It provides us with an opportunity to leverage our channels to sell HighQ to thousands of large and medium-sized law firms and corporate legal departments globally. It also brings impressive software development talent to our organization.”
“Legal professionals are being disrupted by technology change and are seeking software solutions to help them improve the cost investment and increase productivity,” said Brian Peccarelli, COO, Customer Markets at Thomson Reuters and head of its Legal Professionals segment. “The acquisition of HighQ will help us meet customer needs for efficient, compliant workflow collaboration solutions, and supports our ongoing approach to providing open technologies and driving customer innovation.”
Ajay Patel, CEO, and founder of HighQ said, “We are excited to expand our global footprint and leverage the Thomson Reuters network to support and serve across several vertical industries and geographies. Our intelligent workflow platform allows legal professionals and corporate legal departments to collaborate on projects, matters, and transactions, transforming legal service and delivery. It is creating a compelling digital experience for clients and business both.”