Company profile
- Industry
- Information services
- Founded
- 2008
- Headquarters
- Toronto, Canada
- Ownership
- Publicly traded; The Woodbridge Company is the controlling/largest shareholder
Profiles are auto-generated and infrequently updated.
The analyses
The Adjacency Expansion · Growth & Portfolio
Thomson Reuters Bought Its AI Story: $650M for Casetext, $600M for SafeSend
Everyone calls it Thomson Reuters' AI transformation. It's really an adjacency roll-up: $650M for Casetext, $600M for SafeSend, an undisclosed sum for Materia — all grafted onto an install base that pure-play AI rivals can't replicate.
8 min
The Money Machine · Business Model
Everyone Calls Thomson Reuters a News Company. The Newswire Is a Small Fraction of It.
Reuters News is a small minority of the recurring base. The real machine is legal and tax subscriptions running at 97% recurring - and a family that owns 70% of the company, free to ignore the disruption panic everyone else is selling.
8 min
The Ecosystem Lock-In · Moat & Competition
What Holds Westlaw at 97% Recurring Revenue? A Century-Old Classification System
Westlaw's Legal Professionals segment runs at about 97% recurring revenue and grows 8% organically — not because its search is unbeatable, but because a century-old classification system and a 2025 copyright ruling make leaving prohibitively expensive.
8 min