Thomson Reuters
Acquires Pondera Solutions
Acquisition brings
additional technology, analytics and human analysis to combat
fraud, waste and abuse
MINNEAPOLIS and ST. PAUL, Minn., March
19, 2020 /PRNewswire/ -- Thomson
Reuters (TSX/NYSE: TRI) today announced that it has acquired
Pondera Solutions, a leading provider of technology and advanced
analytics to combat fraud, waste and abuse in healthcare and large
government programs.
Thomson Reuters serves government agencies at the federal, state
and local level with solutions and resources to improve
efficiencies, diminish risk and reduce fraud. The acquisition of
Pondera Solutions will enhance the offerings in the risk, fraud and
compliance space and will allow Thomson Reuters to expand on its
strategic approach to deliver insight through advanced analytics,
artificial intelligence and human expertise.
"Thomson Reuters and Pondera share a commitment to serve
customers with solutions that reduce fraud by individuals targeting
government programs," said Steve
Rubley, president of the Government business for Thomson
Reuters. "Pondera will be a key component to the suite of tools
available to government customers that use technology, data and
human analysis to support their mission and benefit their
communities."
"Government agencies offer and operate some of the largest
programs in the world, and that fact alone makes them targets for
illicit gains through fraud," said Jon
Coss, CEO and founder, Pondera Solutions. "We have taken the
latest technology and advanced analytics to help our clients combat
fraud and waste, and by joining Thomson Reuters, we will be able to
offer even more to help customers with key insights to minimize
risk and reduce fraud."
Founded in 2011, Pondera Solutions is based in Sacramento and has an office in
Florida.
Financial terms of the acquisition were not disclosed.
Pondera Solutions
Pondera Solutions leverages advanced analytics, AI, and human
intelligence to help government and commercial healthcare programs
maintain compliance and detect fraud, waste, and abuse. Their core
detection system, FraudCaster, helps their clients detect and
prevent hundreds of millions of dollars in improper payments in
health plans and government programs.
Thomson Reuters
Thomson Reuters is a leading provider of business information
services. Our products include highly specialized
information-enabled software and tools for legal, tax, accounting
and compliance professionals combined with the world's most global
news service – Reuters. For more information on Thomson
Reuters, visit tr.com and for the latest world
news, reuters.com.
CONTACT
Kara Pederson
+1.651.848.4298
kara.pederson@thomsonreuters.com
