Thomson Reuters announced yesterday that it has acquired Highline Financial, a financial information analytics site which focuses on the US banking industry.
In a press release Reuters said the acquisition “supports Thomson Reuters strategy of providing timely, accurate and high quality information” through the expansions of its offering.
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 Financial’s 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 next year the release adds. Terms of the deal were not disclosed.