Thomson Reuters has acquired scientific analytics software provider Discovery Logic as the company looks to expand its content and services.
Thomson Reuters (NYSE: TRI) has acquired scientific analytics software provider Discovery Logic as the company looks to expand its content and services. Discovery Logic will be folded into Thomson Reuters' Healthcare & Science business. Financial terms of the transaction were not disclosed.
Rockville, MD-based Discovery Logic gathers information from scientific and related business databases, which are then used to provide background for R&D investment decisions. The move comes as Thomson Reuters has been working to broaden its financial and business information services, to build up its appeal to a general business audience, while strengthening specific verticals like its Legal and Tax & Accounting businesses, in addition to the Healthcare & Science unit. The acquisition of Discovery Logic comes just a month after Thomson Reuters closed on its acquisition of financial commentary start-up Breakingviews, which serves as another example of the company's intentions to expand its web offerings.
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