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Thomson Reuters Buys Op Risk Specialist Avanon

Thomson Reuters, the world’s leading source of intelligent information for businesses and professionals, today announced the completion of its acquisition of Avanon, a provider of integrated operational risk management software, to further help clients tackle and achieve process efficiencies in managing enterprise and operational risk.  Terms of the deal were not disclosed.

The acquisition sees Thomson Reuters expand its operational risk capabilities with the addition of Avanon’s operational risk management platform to Thomson Reuters governance, risk management, and compliance solutions.  The Avanon platform is used by over 15,000 professionals across banking, insurance and other highly regulated industries.

Source: Finextra.com

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