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July 22, 2005
For Immediate Release |
Contact: Debbie Leitner
800.669.1154
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The Thomson Corporation Acquires Global Securities Information, Inc.
Washington, D.C., July 22, 2005 – The Thomson Corporation (NYSE: TOC; TSX: TOC)
recently announced that it has acquired Global Securities Information, Inc.
(GSI), a leading provider of online securities and securities-related
information and research services. The terms of the acquisition were not
disclosed.
A leader in the securities information sector, GSI has been helping the world’s
pre-eminent legal and financial firms fulfill their most demanding research
requirements for over 15 years. GSI’s flagship product, LIVEDGAR, combines
proprietary content, award-winning search technology and domain expertise to
enable legal and financial professionals to conduct online securities research
and obtain source documents in a single step. GSI clients include all of the Am
Law 100; 80 percent of the top investment banking firms; and all of the top
U.S. accounting firms. GSI also includes 100 of the Fortune 500 companies as
customers.
GSI will become part of Thomson West, the leading provider of legal research
information in the U.S. and publisher of the Westlaw® online service. GSI
operations and senior management, including President, Richard Harrison, Chief
Executive Officer, Phillip Brown, and Chief Technology Officer, Nick Keenan,
will join Thomson West. GSI has 147 employees and is based in Washington, D.C.
The acquisition will enable West to satisfy the currently unmet needs of
transactional attorneys – those involved in work such as mergers and
acquisitions, real estate and securities transactions. Moreover, the
acquisition will further strengthen and deepen West’s relationships with large
law firms, the company’s largest customer segment.
“Thomson and GSI share a common goal to help legal professionals access and use
information in ways that help them serve their clients more effectively,” said
Mike Wilens, President and CEO of Thomson Legal & Regulatory’s North
American Legal unit. “The combined assets of GSI and Thomson bring legal
professionals the world’s largest collection of securities-related data and
material documents.”
“Thomson is home to the most respected and trusted brands in the legal
industry,” said Phillip Brown. “We are truly excited about the opportunity to
partner with Thomson West to develop powerful new services that improve how our
customers put information to work for their practices.”
About GSI
Founded in 1988, Global Securities Information, Inc. is the leading provider of
online securities information and research. By specializing within the
securities information sector, GSI offers unmatched breadth, accuracy and
currency of relevant information, as well as personal support services and
research assistance. Superior understanding of the underlying information has
allowed GSI to develop award-winning search, alert, and retrieval technology,
delivering our expertise to clients on their desktops.
About The Thomson Corporation
The Thomson Corporation (www.thomson.com),
with 2004 revenues of $8.10 billion, is a global leader in providing integrated
information solutions to business and professional customers. Thomson provides
value-added information, software tools and applications to more than 20
million users in the fields of law, tax, accounting, financial services, higher
education, reference information, corporate e-learning and assessment,
scientific research and healthcare. With operational headquarters in Stamford,
Conn., Thomson has approximately 40,000 employees and provides services in
approximately 130 countries. The Corporation's common shares are listed on the
New York and Toronto stock exchanges (NYSE: TOC; TSX: TOC).
The information in this press release can be re-printed at no cost providing
that 1) attribution is made to “Source: Global Securities Information, Inc.,
www.gsionline.com., 800.669.1154” and 2) email is sent to the
marketing department including the following information: name of your
publication/newswire/website, name of reporter/publisher and email
address/phone/fax number, date of redistribution(s), copy of or link to
reprint/story.
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