Thomson Reuters acquires PE-backed legaltech platform HighQ

Thomson Reuters (TSX, NYSE: TRI) has acquired HighQ, a London, U.K.-based collaboration platform for the legal and regulatory market. No financial terms were disclosed. Launched in 2001, HighQ provides a secure cloud-based platform for business collaboration, workflow automation and client engagement to more than 400 global customers. In 2016, the company raised US$50 million from One Peak Partners, Morgan Stanley Merchant Banking and Goldman Sachs Private Capital. Thomson Reuters, a Toronto-based provider of business information services, said the deal will expand its cloud-based software offerings and help it meet demand from legal professionals.

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