Thomson Reuters Buys Analytics Firm Pondera for Undisclosed Sum

Thomson Reuters, a major media conglomerate, announced on Thursday the acquisition of Pondera Solutions, a healthcare Analytics Analytics Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Read this Term platform, to enhance its offerings.

Pondera’s products primarily serve healthcare and governmental programs with technology and analytics to combat fraud, waste, and abuse. This aligns with the Canadian conglomerate’s services to several government agencies at the federal, state, and local levels, prompting the Acquisition Acquisition Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Read this Term.

A press release put out by the company also detailed that this will allow Thomson Reuters to expand on its strategic approach to deliver insight through advanced analytics, artificial intelligence, and human expertise.

Minimizing frauds

Commenting on the acquisition, Steve Rubley, president of the government business for Thomson Reuters, said: ”Thomson Reuters and Pondera share a commitment to serve customers with solutions that reduce fraud by individuals targeting government programs. Pondera will be a key component to the suite of tools available to government customers that use technology, data, and human analysis to support their mission and benefit their communities.”

However, neither party has disclosed any financial terms of the acquisition deal.

“Government agencies offer and operate some of the largest programs in the world, and that fact alone makes them targets for illicit gains through fraud,” Jon Coss, founder and chief executive of Pondera Solutions, added. “We have taken the latest technology and advanced analytics to help our clients combat fraud and waste, and by joining Thomson Reuters, we will be able to offer even more to help customers with key insights to minimize risk and reduce fraud.”

In the technology space, many acquisitions are being made recently. Last week, Finance Magnates reported Finantix’s acquisition of InCube to boost its services to the wealth management, insurance, and banking industries.