Press Release Details

Vista Equity Partners Makes Binding Offer to buy Thomson Reuters Trade and Risk Management Business

September 23, 2011 at 6:03 PM EDT

New York – Vista Equity Partners and Thomson Reuters have signed an agreement under which Vista has made a binding offer to buy the Thomson Reuters Trade and Risk Management business which currently operates as a distinct unit within the Enterprise Solutions business.

Thomson Reuters will now begin the information and consultation process with respect to the planned divestment and will consult with all relevant Works Councils, unions and employee representatives. Upon completion of the employee information and consultation procedure, Thomson Reuters intends to enter into a sale and purchase agreement in respect of the proposed transaction which is expected to close by January 31, 2012. In the meantime Thomson Reuters is fully committed to ensuring continued quality of service to its Trade and Risk Management customers as well as investment in development and delivery of the planned product roadmap.

Barclays Capital is acting as sole financial advisor to Thomson Reuters with respect to the proposed transaction.

The terms of the agreement were not disclosed.

Vista Equity Partners
Vista Equity Partners, a U.S. based private equity firm with offices in San Francisco, Chicago and Austin, currently invests nearly $5 billion in capital committed to dynamic, successful technology-based organizations led by world-class management teams with long-term perspective. Vista is a value-added investor, contributing professional expertise and multi-level support towards companies realizing their full potential. Vista's investment approach is anchored by a sizable long-term capital base, experience in structuring technology-oriented transactions, and proven management techniques that yield flexibility and opportunity in private equity investing. For further information please visit www.vistaequitypartners.com

Thomson Reuters
Thomson Reuters is the world's leading source of intelligent information for businesses and professionals. We combine industry expertise with innovative technology to deliver critical information to leading decision makers in the financial, legal, tax and accounting, healthcare and science and media markets, powered by the world's most trusted news organization. With headquarters in New York and major operations in London and Eagan, Minnesota, Thomson Reuters employs more than 55,000 people and operates in over 100 countries. For more information, go to thomsonreuters.com.

Contacts

Vista Equity Partners
Tel: +1 (512) 651-3355
Email

Alan Duerden
Public Relations Director, Enterprise
Thomson Reuters
Tel: +44 (0) 207 542 0561
Email