Thomson Reuters has acquired the compliance information and solutions provider Complinet thus taking advantage of an anticipated new era of financial services industry regulation.  Outsell Inc. comments in its latest Insight, the next challenge is to weave Complinet and its other compliance-oriented offerings into a comprehensive compliance strategy in the face of an inherently fragmented regulatory environment.

Complinet has about 1,900 customers and over 100,000 users.  Customers include most of the Fortune 500 global financial institutions and 18 of the 20 top law firms.  Its annual revenues are just under GBP 20 million or about $30 million.  In 2008, Fidelity Capital acquired about a third of the value of the company (see Insights, Complinet Gets Major Capital Injection From Fidelity, April 23, 2008).

David Curle, Director & Lead Analyst – Minneapolis, Minnesota writes: “Thomson Reuters is positioning itself to gain from what might be called the professionalization and automation of compliance functions. Complinet is focused on financial services, but with this deal and other recent acquisitions. Thomson Reuters has put together a wide range of compliance-related offerings that Outsell believes will present a significant opportunity in coming years.”   Source: Outsell Inc.

BIIA Newsletter June I – 2010 Issue