Thomson Reuters said today that it has acquired HighQ, a London-based enterprise collaboration and file-sharing platform for the legal industry.
HighQ has more than 400 customers, including more than half of the Global 100 largest law firms, TR said in announcing the acquisition.
It was just a year ago that HighQ announced an acquisition of its own, that of Legal Anywhere, also a mobile enterprise collaboration and file-sharing platform.
Thomson Reuters said this acquisition will expand on its strategic objective to provide more cloud-based software offerings and will meet a growing market need for legal professionals, aligning with Thomson Reuters focus on legal, tax, compliance and risk.
“Legal professionals are being disrupted by technology change and are seeking software solutions to help them improve costs and increase productivity,” said Brian Peccarelli, COO, customer markets at Thomson Reuters and head of its Legal Professionals segment. “The acquisition of HighQ will help us meet customer needs for efficient, compliant workflow collaboration solutions, and supports our ongoing approach to providing open technologies and driving customer innovation.”
Financial terms of the transaction were not disclosed.
