Thomson Reuters has announced its acquisition of Highline Financial, a financial information and analytics provider focused on the US banking sector. The acquisition is intended to support Thomson Reuters plan to expand its offerings to include differentiated financial content and analytics for the banking and capital markets sector.
The combination of Thomson Reuters and Highline Financial will provide Thomson Reuters clients with access to Highline Financial's public company and regulatory database which comprises 20 years of historical data covering 20,000 financial institutions, with over 24,000 filed and calculated financial data points and ratios maintained in the system on a daily basis. Highline Financial clients will have access to Thomson Reuters global content, support and infrastructure. The information will be available on Thomson Reuters Eikon, Thomson Reuters recently launched desktop, in 2011.
Highline Financial is a portfolio company of Spire Capital Partners.Terms of the agreement were not disclosed.