Thomson Financial

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Thomson Financial is an arm of The Thomson Corporation, one of the world's leading information companies, focused on providing integrated information solutions to business and professional customers.

Contents

[edit] Recent history

Thomson Financial made significant growth when they acquired another financial information provider Primark on June 6, 2000 for $842 million in an all-cash deal. Primark owned many names familiar in both the U.S. and UK/Europe such as Datastream, ICV, IBES. The acquisition consolidated and combined competing financial information provision, for example the FirstCall and IBES earnings estimate data, under the same company.

[edit] Major office locations

Thomson Financial has many offices across the US, Europe, and Asia Pacific regions. The head office is based in New York, with significant presence in Boston, San Francisco, London, Frankfurt, Bangalore, Manila, and many satellite offices in locations such as Sydney, Hong Kong, Tokyo, Zurich, Geneva, just as some examples. The two major data centers, not including smaller points of presence, for Thomson Financial are located in NYC and New Jersey.

In June 2007, Thomson Financial agreed to buy seven Asia-Pacific news bureaus from Xinhua Finance[1]. The bureaus purchased were in Tokyo, Manila, Jakarta, Kuala Lumpur, Singapore, Sydney and Seoul. Xinhua Finance stated they would retain their operations in Beijing, Shanghai, Hong Kong and Taipei. Financial terms were not disclosed.

[edit] Products

The company has a wide variety of financial products. Thomson ONE is a core product, although legacy branded offerings such as Datastream Advance and Global Topic will probably remain for a few years.

Thomson ONE is a competitor of Bloomberg L.P. and Reuters. Currently known as one of "The Big Three." There are many different packages of Thomson ONE; ie. Thomson ONE for Investment Management, Thomson ONE for Investment Banking, etc.

Due to the acquisition of Primark (Not same as clothing retailer previously linked here) and buyout of ILX Systems, Thomson Financial has seen growth over the last four years and has seen improvement in the core product Thomson ONE.

In June of 2005, they hired management consultants Boston Consulting to revamp their Global Sales and Marketing team after frequent reorganizations. Those changes went in to effect in January of 2006.

Thomson bought out Reuters in the summer of 2007.

[edit] Awards

[edit] 2004 Global Pensions Awards

"Software Provider of the Year" (by way of nominations from over a thousand managers of pension funds then a panel of independent judges)

[edit] Inside Market Data 2003 awards

  • "Product Development of the Year", for its Thomson ONE product.
  • "Company to Watch".

[edit] Investor Relations Magazine

  • Its clients won 20 out of 30 awards.

[edit] References

  1. ^ Thomson buys non-China bureaus of Xinhua Finance. Reuters (20007-06-01).

[edit] See also

[edit] External links

no:Thomson Financial

Retrieved from "http://india.smashits.com/wikipedia/Thomson_Financial"
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