Thomson Reuters, a major media conglomerate, announced on Thursday the acquisition of Pondera Solutions, a healthcare analytics 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.
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.
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.”
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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.