Thursday 30 June 2011, Sydney, Australia - Thomson Reuters has acquired Cleardocs Pty Ltd. Cleardocs will be aligned with the Tax and Accounting business in Australia. Terms of the deal were not disclosed.

Cleardocs was established in 2002 and provides a workflow information solution for accountants and financial planners, enabling them to create and manage the required legal documentation in the core and highly regulated areas of personal superannuation, trusts and company formation.

Based in Melbourne, Australia, Cleardocs is a leading provider of automated online documents and its document creation/delivery solution is provided on a transactional basis via an e-commerce model.

Cleardocs will be a great asset to our already strong offering of information and software products and services in the tax and accounting market in Australia.

FAQ

What’s happening?
Thomson Reuters has acquired Cleardocs Pty Ltd. Cleardocs will be aligned with the Tax and Accounting business in Australia.

Why did Thomson Reuters acquire Cleardocs?
In line with the strategic focus of the Tax and Accounting business, Cleardocs will help strengthen our workflow information services and accelerate our growth. Cleardocs is growing rapidly, and we see great opportunity to provide our customers with better, more focused solutions through embedding Cleardocs links within our Tax and Accounting online platform. With its strength in the financial planning segment, we see tremendous opportunities to serve the Cleardocs customer base.

What is Cleardocs?
Cleardocs was established in 2002 and provides a workflow information solution for accountants and financial planners, enabling them to create and manage the required legal documentation in the core and highly regulated areas of personal superannuation, trusts and company formation. Based in Melbourne, Australia, Cleardocs is a leading provider of automated online documents and its document creation/delivery solution is provided on a transactional basis via an e-commerce model.

Who is Thomson Reuters?
Thomson Reuters is the world's leading source of intelligent information for businesses and professionals. The company combines 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 55,000 people and operates in more than 100 countries. Thomson Reuters shares are listed on the Toronto and New York Stock Exchanges.

What will this mean to customers?
Customers can continue to expect the high level of quality and customer service they’ve come to know from Cleardocs, and will benefit even further from the reach and resources of Thomson Reuters. It will be business as usual throughout the transition.

Moving forward, we see great opportunity to provide our customers with better, more focused solutions by integrating Cleardocs’ content within our Tax and Accounting online platform.

Who do I contact with questions?
If you are a current customer of Cleardocs, please continue to contact the Cleardocs service and sales professionals with whom you normally do business.

You can contact Cleardocs by phone on 1300 307 343 or by email at: support@cleardocs.com

Will Lisa Galbraith remain with the business?
Cleardocs CEO and general manager Lisa Galbraith will remain with the business, reporting to Jackie Rhodes, CEO of the Thomson Reuters Legal and Tax & Accounting businesses in Australia and New Zealand.

What are the terms of the acquisition?
Terms of the deal were not disclosed.

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