Divestiture • Internet Software and Services

Thomson Reuters Acquires Lanworth

On August 17, 2011, Thomson Reuters acquired internet software and services company Lanworth from The Westervelt Co.

Acquisition Context
  • This is Thomson Reuters’ 1st transaction in the Internet Software and Services sector.
  • This is Thomson Reuters’ 22nd transaction in the United States.
  • This is Thomson Reuters’ 3rd transaction in Illinois.

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M&A Deal Summary

Date August 17, 2011
Target Lanworth
Sector Internet Software and Services
Buyer(s) Thomson Reuters
Sellers(s) The Westervelt Co.
Deal Type Divestiture
Advisor(s) InterOcean Advisors (Financial)

Target Company

Lanworth

Chicago, Illinois, United States
Forest One, founded in 2000 by Clark Love and Shailu Verma, has grown to serve Fortune 500 companies, state and federal agencies in addition to local and county governments in providing Remote Sensing, Geographic Information Systems, Economic Modeling and Software Development services.
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Buyer Overview 1

Buyer

Thomson Reuters

Toronto, Ontario, Canada

Category Company
Founded 1851
Sector Information Services
Employees25,600
Revenue 7.3B USD (2024)
DESCRIPTION
Thomson Reuters' office in Eagan, Minnesota.
Thomson Reuters' office in Eagan, Minnesota.

Thomson Reuters is an information source for businesses and professionals, delivering information to decision-makers in the financial and risk, legal, tax and accounting, intellectual property, and science and media markets. Thomson Reuters was formed in 1851 and is headquartered in Toronto, Ontario.


Deal Context for Buyer #
Overall 33 of 59
Sector: Internet Software and Services 1 of 6
Type: Divestiture 3 of 6
State: Illinois 3 of 3
Country: United States 22 of 34
Year: 2011 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-07-04 Solcara

Harefield, United Kingdom

Solcara Ltd. is a provider of federated search and knowledge management software solutions. Company provides an integrated search solution across internal and online content whilst Solcara KnowHow enables firms to collect, classify, browse and search high value information assets.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-02-29 PORTIA

United States

PORTIA provides a broad set of middle-to-back office capabilities that allow investment managers to track and manage the day-to-day activity in investment portfolios required to support global accounting requirements. Offered on a deployed and hosted basis, the solution supports a broad range of functions including corporate action processing, internal, client and regulatory reporting, performance measurement and attribution and post trade compliance.

Sell $170M

Seller Profile 1

SELLER

The Westervelt Co.

Tuscaloosa, Alabama, United States

Category Company
Sector Forest Products
DESCRIPTION

Westervelt owns timberland and natural resources in the Unites States and internationally. The company operates sporting lodges for hunting, and provides licenses and guidance on wildlife and recreational property. Westervelt also engages in wildlife management services with food plots, natural habitats and deer management.


Deal Context for Seller #
Overall 1 of 1
Sector: Internet Software and Services 1 of 1
Type: Divestiture 1 of 1
State: Illinois 1 of 1
Country: United States 1 of 1
Year: 2011 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-06-01 Lanworth

Chicago, Illinois, United States

Forest One, founded in 2000 by Clark Love and Shailu Verma, has grown to serve Fortune 500 companies, state and federal agencies in addition to local and county governments in providing Remote Sensing, Geographic Information Systems, Economic Modeling and Software Development services.

Buy -