Thomson Reuters wraps up buy of Great Hill-backed Confirmation
Thomson Reuters (TSX, NYSE: TRI) has closed its acquisition of Confirmation, a Nashville, Tennessee-based provider of secure audit confirmation services. Terms weren't released for the deal, which was announced last month. Founded in 2000, Confirmation provides digital confirmation services to more than 16,000 audit firms, 4,000 banks and departments, and 5,000 law firms in 170 countries. Thomson Reuters, a Toronto-based provider of business information services, said the acquisition strengthens its offering to the tax, accounting and audit industry. Confirmation was backed by U.S. mid-market private equity firm Great Hill Partners. Great Hill invested US$60 million in the business in 2016.
22 July 2019•2 mins read
