NEW YORK, Dec. 15 /PRNewswire-FirstCall/ -- (NYSE: TRI; TSX: TRI) -- Thomson Reuters, the world's leading source of intelligent information for businesses and professionals, today announced that its Tax & Accounting business has completed the acquisition of Sabrix, Inc., a leading global provider of transaction tax management software applications and services.

Sabrix offers both the Sabrix Application Suite used by large enterprises to, among other things, determine, calculate and record sales tax, use tax, VAT, excise tax, and industry-specific taxes and fees, and the Sabrix Managed Tax Service(TM) (MTS), an outsourced transaction tax compliance service. Over time Sabrix products and solutions will be fully integrated with other leading Thomson Reuters software and services on ONESEOURCE, a web-based technology, to provide a full array of integrated transaction tax capabilities to customers.

All 160 Sabrix employees will transfer into Tax & Accounting and the business will continue to be based in San Ramon, CA.

The terms of the transaction were not disclosed.

Thomson Reuters

Thomson Reuters is the world's leading source of intelligent information for businesses and professionals. We combine 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 50,000 people and operates in over 100 countries. Thomson Reuters shares are listed on the Toronto Stock Exchange (TSX: TRI) and New York Stock Exchange (NYSE: TRI). For more information, go to www.thomsonreuters.com.

The Tax & Accounting business of Thomson Reuters is the leading provider of technology and information solutions, as well as integrated tax compliance software and services to accounting, tax and corporate finance professionals in accounting firms, corporations, law firms and government. Tax & Accounting includes the Research & Guidance, Professional Software & Services, and Corporate Software & Services business groups.

SOURCE Tax & Accounting business of Thomson Reuters

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