Upcoming AWS Coverage on Time Inc. Post-Earnings Results

LONDON, UK / ACCESSWIRE / February 7, 2017 / Active Wall St. blog coverage looks at the headline from Thomson Reuters Corp. (NYSE: TRI) as the Company announced on February 06, 2017, that it has signed definitive agreements to acquire Clarient Global LLC and Avox Limited. Clarient and Avox are owned and used by the Depository Trust & Clearing Corporation (DTCC), where Clarient is a leading global Know Your Customer (KYC) and client reference data platform. Avox, on the other hand, supplies legal entity data, hierarchies, and identifiers on financial entities across the world. Register with us now for your free membership and blog access at: http://www.activewallst.com/register/.

One of Thomson Reuters' competitors within the Publishing - Periodicals space, Time Inc. (NYSE: TIME), announced on January 20, 2017, that it will release its Q4 2016 results on Thursday, February 16, 2017, before the market opens. The Company's management will host a conference call beginning at 8:30 am ET to discuss the results on the same day. AWS will be initiating a research report on Time in the coming days.

Today, AWS is promoting its blog coverage on TRI; touching on TIME. Get all of our free blog coverage and more by clicking on the links below:

http://www.activewallst.com/registration-3/?symbol=TRI

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The Agreement

The Clarient and Avox acquisitions are viewed as the next step in Thomson Reuters' strategy to expand its KYC managed services offerings. On March 19, 2014, Thomson Reuters launched a new solution to support financial institutions and their clients to increase efficiency and reduce costs to comply with KYC requirements. The service, known as Accelus Org ID was reportedly the first one in the KYC managed services in the segment and was developed in partnership with leading financial institutions, asset managers, corporations, and hedge funds. Org ID helps clients effectively respond to new KYC regulatory requirements, through several features, including:

  1. Lower client onboarding costs;
  2. Centralized system to ensure faster client on-boarding;
  3. A single set of documents and clear audit trail offers additional security of identity documents;
  4. Helps address rapidly changing new regulatory needs.

The Acquired Companies

Clarient Global LLC was founded with Barclays, BNY Mellon, Goldman Sachs, Credit Suisse, J.P. Morgan, and State Street. Clarient Entity Hub's KYC services are aimed at supporting multiple sides of a trade by offering centralized public and permission private legal entity data. These services help Companies achieve evolving regulatory requirements for KYC and Anti-Money Laundering (AML) data collection. Clarient serves a large community of users including more than 3,500 asset managers, about 2,800 brokers, and 1,000 corporate institutions.

Avox Limited is responsible for validating, correcting, enriching, and maintaining business entity reference data. The data Avox supplies includes corporate hierarchies, registered address information, industry sector codes, and company identifiers. Being a subsidiary of the DTCC, Avox offers legal entity reference data for its clients and hence ensures that clients can rely on most accurate and timely data to make decisions and file regulatory reporting.

The Complementary Portfolios

According to Matt Stauffer, CEO of Clarient, both Avox and Clarient address industry's client reference data and lifecycle management requirements; thus reduces cost and risk for their respective clients. The integration of these businesses into Thomson Reuter's portfolio will strengthen its risk management, reference, and compliance data offerings.

Thomson Reuters recently introduced Regulatory Change Management (RCM), an end-to-end compliance solution on January 26, 2017. RCM, offered by Thomson Reuters Enterprise Risk Services is a versatile compliance workflow system. The compliance team can connect standardized regulatory rules via the RCM dashboard for optimal mitigation of their risk.

The acquisitions of Clarient and Avox are expected to close by the end of Q1 2017 subject to customary closing conditions.

Stock Performance

On Monday, February 06, 2017, the stock closed the trading session at $44.56, declining 1.02% from its previous closing price of $45.02. A total volume of 520.70 thousand shares have exchanged hands. Thomson Reuters' stock price advanced 9.74% in the last three months, 9.70% in the past six months, and 26.12% in the previous twelve months. Furthermore, since the start of the year, shares of the Company have gained 1.78%. The stock is trading at a PE ratio of 29.35 and has a dividend yield of 3.05%. The net market capital for the Company's stock was at $32.24 billion, considering its last closing price.

Earnings Alert: Thomson Reuters announced on January 05, 2017, that it will issue its Q4 2016 and FY16 and earnings via a news release on February 09, 2017.

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SOURCE: Active Wall Street