Friday, April 18, 2008

Thomson Reuters Deal Complete

It took nearly a year, but yesterday marked the closing of the merger of Thomson and Reuters, forming a new entity called Thomson Reuters. See the press release here:

It should be interesting to see in coming months how the new company merges their operations, products and sales teams. I know lots of people at both organizations and everyone is anxiously waiting to see how it plays out, and how it affects their jobs.

As for how this affects iMiners, there has never been a better time for innovative new players to enter the market. Thomson Reuters, Nasdaq OMX, and other large service providers have enormous resources and reach, but companies like iMiners can utilize its smaller size to quickly bring innovative products to the market. In my experience, lots of IROs and PROs don't like consolidation of vendors because it leads to monopoly status and eventually, higher prices. iMiners intends to focus on bringing innovative products to market that leverage our unique database of nearly half-a-million categorized press releases from over 6,500 companies. Next up? PR Cycle, which we are about to launch as a beta product. Stay tuned.....

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