Thomson Reuters Acquires Compliance Software Company Complinet

Thomson Reuters is acquiring compliance and risk software company Complinet. Terms of the deal, which is expected to close in the second quarter of 2010, were not disclosed.

Complinet’s technology helps companies in the financial services industry handle governance, risk and compliance. In an age where the sector is being regulated more than ever, Complinet helps these institutions navigate regulations, risk and compliance. Of course, since Thomson Reuters caters to the financial services industry, Complinet’s software will be used to offer clients an option to manage compliance.

Thomson Reuters also recently bought analytics company DiscoveryLogic and acquired Breakingviews, a site that provided commentary on UK and European breaking financial news. Thomson was rumored to have paid close to $18 million in cash for the site.