Tom Glocer, the President & CEO of the new company Thomson Reuters has sent a letter to customers, shareholders and staff expressing his joy about the completion of the acquisition of Reuters by Thomson (some say it was in fact a reverse takeover). 

Tom Glocer writes: “Today is a very special day for the customers, employees and shareholders of Thomson Corporation and Reuters PLC.  I write to share my excitement over the formation of Thomson Reuters. Birthdays are generally joyous occasions, so I hope you will permit me this celebration.  Rare is the offspring who enters the world as the leading source of intelligent information for businesses and professionals and traces his family history to 1851. “We call our information ‘intelligent’ because it is not only insightful, well chosen content, but it is also made available in electronic formats that provide our customers with competitive advantage – the knowledge to act.  If the 20th century was the era of the Carbon Economy, the 21st century will be the era of the information economy, and Thomson Reuters will be one of its leaders.” 

The new company has operations in 93 countries, a market capitalization of US$30 billion and 50,000 employees.   Source: Password

David Worlock recently commented in an OUTSELL Insight:  “Thomson Reuters sets a new trend: we are no longer talking about information services and solutions providers in four or six markets getting portfolio stability from market spread.  In order to invest at the level required in workflow and process development, and heavyweight search capacity, the new model will be intensive (and necessarily duopolistic, for competition regulation reasons) occupancy of broadly-defined verticals with strong synergistic relationships between operating units.  The engineering needed to get there now begins in earnest.”   Courtesy Outsell Inc.

BIIA Newsletter April 2008 Issue