Thomson Reuters buys Highline Financial

Thomson Reuters buys Highline Financial

Thomson Reuters has acquired Highline Financial, an information and analytics provider focused on the US banking sector. Financial terms of the deal were not disclosed.

Market dynamics are creating a strong need for deep data and analytics as the financial sector experiences a tremendous level of new regulatory oversight, post crisis performance monitoring, bank closures and overall industry consolidation, argues Thomson Reuters.

Highline Financial provides the buyer with a public company and regulatory database comprising of 20 years of historical data covering 20,000 financial institutions.

The information - over 24,000 filed and calculated financial data points and ratios are maintained in the system on a daily basis - will be available on Thomson Reuters new Eikon desktop in 2011.

Neil Masterson, global head, investment banking, Thomson Reuters, says: "The recent turmoil in the markets makes access to financial data more important than ever to our clients. With the acquisition of Highline Financial, Thomson Reuters can provide the banking and capital markets sector with the financial industry-specific analytics they need to drive deal activity."

Highline Financial, which has offices in New York and Austin, Texas, is currently majority-owned by private equity firm Spire Capital Partners.

Comments: (0)