Thomson Reuters Acquires Business Intelligence Provider Zawya Limited
(Thomson Reuters ONE) -
Combination solidifies Thomson Reuters comprehensive coverage of the Middle East
and North Africa financial markets and increases its presence among a broader
set of users
LONDON, June 25, 2012 - Thomson Reuters, the world's leading source of
intelligent information for businesses and professionals, today announced that
it has acquired Zawya Limited, a regional provider of business intelligence and
unique tools for financial professionals in the Middle East and North Africa
(MENA). This investment marks Thomson Reuters second acquisition in 2012 across
the MENA region and further underscores the organization's commitment to
connecting and enabling the local financial community with leading edge
information and tools.
The acquisition comes in line with Thomson Reuters long-term commitment to
investing in the MENA region. Zawya, a privately owned company, is a leading
online business intelligence platform. The firm enables professionals to find
and connect to the right business and investment opportunities in the MENA
region. The firm's wide range of specialized content and tools include detailed
profiles on the top companies in the MENA region, live news, comprehensive
industry and asset class research, as well as an exclusive online network for
professionals focusing on the region.
"Zawya has built a strong brand and impressive offering in MENA, and this
acquisition builds on our commitment to this region which dates back to 1856
starting with news and expanding to comprehensive news and data coverage. We
offer deep and broad coverage of MENA markets across a wide spectrum of content
sets and data types," said Basil Moftah, Managing Director for the Middle East,
Africa and Russia, Thomson Reuters. "By joining forces, Thomson Reuters, Zawya's
clients, and the market will benefit from a unique offering. This synergy will
result in an improved and diversified line of services across the MENA markets
for a broader group of users."
"This investment confirms Thomson Reuters role as a key contributor to the
growth of local markets through enhancing transparency, offering quality
content, helping companies function better, and assisting professionals to make
informed business decisions across the MENA markets," said Russell Haworth,
Managing Director, Middle East and North Africa, Thomson Reuters. "By completing
this acquisition, a wider group of users such as small and medium sized
enterprises (SME), governments, family offices and financial institutions in and
outside of the MENA region will have access to a single source of information
providing rich content, research tools, deep subject matter expertise, and
proprietary data."
Globally, Thomson Reuters is the world's leading source of intelligent
information for businesses and professionals. In MENA, Zawya complements Thomson
Reuters offering exceptionally well by providing additional insight on local
markets, covering a much broader spectrum of non-listed companies which is of
value to regionally focused financial professionals.
In the area of Islamic finance, Zawya has an existing community which will
further allow Thomson Reuters to harness and build on their experiences. Zawya's
Sharia scholar and Sukuk database is respected and well recognized across the
MENA region. The combination of Thomson Reuters and Zawya represents the best of
breed proposition for Islamic Finance content.
Terms of the agreement were not disclosed.
Notes to Editors
Thomson Reuters
Thomson Reuters is the world's leading source of intelligent information for
businesses and professionals. We combine industry expertise with innovative
technology to deliver critical information to leading decision makers in the
financial, legal, tax and accounting, healthcare and science and media markets,
powered by the world's most trusted news organization. With headquarters in New
York and major operations in London and Eagan, Minnesota, Thomson Reuters
employs more than 50,000 people and operates in over 100 countries. For more
information, go to www.thomsonreuters.com.
About Zawya Limited
Zawya is the leading online business intelligence platform focusing on the
Middle East & North Africa. Zawya's wide range of unique content and tools
include detailed profiles on the top companies in the Middle East and North
Africa, live news, comprehensive industry and asset class research, as well as
an exclusive online network for professionals focusing on the region. Thomson
Reuters has acquired Zawya limited from a group of shareholders led by Saffar, a
MENA focused financial services and investment group.
CONTACTS
Tarek Fleihan
PR Manager, Middle East, Africa & Russia
Thomson Reuters
Direct: +97144536527
Mobile: +971562162575
Email: tarek.fleihan(at)thomsonreuters.com
Yvonne Diaz Lemuel Brewster
Director, External Communications & PR PR Director
Financial & Risk Investors
+44 20 7542 2615 +1 646 223 5147
yvonne.diaz(at)thomsonreuters.com lemuel.brewster(at)thomsonreuters.com
Press Release PDF:
http://hugin.info/142273/R/1621849/518307.pdf
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Thomson Reuters Corporation via Thomson Reuters ONE
[HUG#1621849]
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Datum: 25.06.2012 - 08:31 Uhr
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