M&A Deal Summary

Cube Acquires Thomson Reuters - Regulatory Intelligence Business

On May 16, 2024, Cube acquired business services company Thomson Reuters - Regulatory Intelligence Business from Thomson Reuters

Acquisition Highlights
  • This is Cube’s 1st transaction in the Business Services sector.
  • This is Cube’s 1st transaction in Canada.
  • This is Cube’s 1st transaction in Ontario.

M&A Deal Summary

Date 2024-05-16
Target Thomson Reuters - Regulatory Intelligence Business
Sector Business Services
Buyer(s) Cube
Sellers(s) Thomson Reuters
Deal Type Divestiture

Target

Thomson Reuters - Regulatory Intelligence Business

Toronto, Ontario, Canada
Thomson Reuters' Regulatory Intelligence Business provides regulatory intelligence and oden products.

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Buyer(S) 1

Buyer

Cube

London, United Kingdom

Category Company
Founded 2011
Sector Internet Software and Services
DESCRIPTION

Cube offers a comprehensive and robust source of classified, and meaningful AI-driven regulatory data to power its Automated Regulatory Intelligence (ARI) and Regulatory Change Management (RCM) solutions. The company's regulatory technology including its AI engine (RegBrain) and software platform (RegPlatform) tracks, analyses, and monitors laws, rules, and regulations in every country and in every published language to create an always up-to-date regulatory footprint that transforms visibility and compliance capability for customers across the globe. Cube was founded in 2011 and is based in London, United Kingdom.


DEAL STATS #
Overall 2 of 2
Sector (Business Services) 1 of 1
Type (Divestiture) 1 of 1
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-11 The Hub

London, United Kingdom

The Hub is a RegTech firm providing highly innovative artificial intelligence solutions for capturing and monitoring unstructured data across the regulatory internet. Working with legal, financial, and pharmaceutical firms and RegTech providers across the globe, the company applies artificial intelligence techniques to huge volumes of unstructured data from across the web with core competencies that include topic-based classifications, relevance calculations, article versioning, indexing, and data analysis tools which enable streamlined delivery of new or updated regulatory content. The Hub is based in London.

Buy -

Seller(S) 1

SELLER

Thomson Reuters

Toronto, Ontario, Canada

Category Company
Founded 1851
Sector Information Services
Employees25,600
Revenue 6.8B USD (2023)
DESCRIPTION
Thomson Reuters' office in Eagan, Minnesota.
Thomson Reuters' office in Eagan, Minnesota.

Thomson Reuters is an information source for businesses and professionals. Thomson Reuters delivers information to decision makers in the financial and risk, legal, tax and accounting, intellectual property and science and media markets. With headquarters in New York and major operations in London and Eagan, Minnesota, Thomson Reuters employs people and operates in over 100 countries. Thomson Reuters was originally incorporated in 1851 and is headquartered in Toronto, Ontario.


DEAL STATS #
Overall 33 of 34
Sector (Business Services) 5 of 6
Type (Divestiture) 31 of 32
State (Ontario) 3 of 3
Country (Canada) 3 of 3
Year (2024) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-16 World Business Media

London, United Kingdom

World Business Media Limited's editorial team provides content and insight for global professionals working within the global (re)insurance and specialty markets. Its products include The Insurer, the go-to and digital source for news, analysis and data on the (re)insurance industry and The Insurer TV, which brings exclusive insight and intelligence on the market through video interviews, panel discussions and mini docuseries. World Business Media is based in London, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-03 FindLaw

Eagan, Minnesota, United States

FindLaw is a provider of online legal information and solutions for the legal community, businesses and individuals. FindLaw was founded in 1995 and is based in Eagan, Minnesota.

Sell -