Thomson Reuters Acquires E-learning Business from Knowledge Platform
LONDON, 10 October 2012 – Thomson Reuters, the world’s leading source of intelligent information for businesses and professionals, today announced that it has acquired the governance, risk and compliance e-learning business of Knowledge Platform, a leading provider of compliance assessment and regulatory implementation learning programs within financial services and other highly-regulated industries in Asia and the Middle East. The value of the deal was not disclosed.
The acquisition sees Thomson Reuters acquire both the operations and employees of the e-learning business of Knowledge Platform. Knowledge Platform’s portfolio of innovative online courses will be integrated into the Thomson Reuters Accelus global suite of products for governance, risk and compliance.
Thomson Reuters Accelus e-learning business has grown to deliver courses in 19 different languages to more than 500 clients and 600,000 users globally. This latest acquisition builds on Thomson Reuters recent acquisition of UK-based e-learning business, MHA, and the expansion of its offerings to include the Financial Industry Regulatory Authority's (FINRA) Firm Element CE e-learning courses.
“Bringing the e-learning assets from Knowledge Platform into our business strengthens Thomson Reuters position in Asia and the Middle East by adding regional scale and delivering new and innovative learning programs to our extensive e-learning offering for governance, risk and compliance,” said Mark Schlageter, managing director, Governance, Risk & Compliance, Thomson Reuters. “The acquisition supports our ongoing commitment to meet clients’ demanding regulatory and best practice requirements, structuring delivery around the real needs of users.”
“We are honored and thrilled to have completed this transaction with Thomson Reuters,” said Mahboob Mahmood, founder and CEO, Knowledge Platform. “This transaction further validates our capacity to build innovative knowledge solutions businesses and develop leadership positions and a stellar client base all across Asia. We plan to continue evolving our capacity for innovation in learning and knowledge solutions.”
Thomson Reuters delivers a comprehensive suite of solutions designed to empower audit, risk and compliance professionals, business leaders and the Boards they serve with key intelligence and tools. Thomson Reuters Accelus brings together market-leading solutions for global regulatory intelligence, financial crime, anti-bribery and corruption, enhanced due diligence, compliance management, internal audit, e-learning, risk management and board of director or disclosure services.
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 and risk, legal, tax and accounting, intellectual property 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 approximately 60,000 people and operates in over 100 countries. Thomson Reuters shares are listed on the Toronto and New York Stock Exchanges. For more information, go to http://thomsonreuters.com.