Thomson Reuters Acquires Pondera Solutions (March 19, 2020)
Summary
A Thomson Reuters press release dated March 19, 2020, announcing that Thomson Reuters (TSX/NYSE: TRI) has acquired Pondera Solutions, a provider of technology and advanced analytics to combat fraud, waste and abuse in healthcare and large government programs. Steve Rubley, president of the Government business for Thomson Reuters, and Jon Coss, CEO and founder of Pondera Solutions, are quoted. The release says Pondera Solutions was founded in 2011 and is based in Sacramento with an office in Florida, and that financial terms of the acquisition were not disclosed. It names Pondera's core detection system as FraudCaster.
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Cited in: Pondera's 1.1 Million Flags · Pondera Solutions (Thomson Reuters)
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“Thomson Reuters Acquires Pondera Solutions (March 19, 2020).”
Original at www.thomsonreuters.com. Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/thomson-reuters-acquires-pondera-solutions-e5697900631a8e18-aee8cdba8e/
, SHA-256 1cfe90321f5aae151e3790f45a2e708f8d7567c14cad7f4394b0350a3fb1d86e.Full text
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Learn more Get started Contact sales Connect with our sales team to explore legal solutions tailored to your professional needs and business goals. Contact us Featured ProView Access your entire professional library anywhere, anytime with the only e-reader platform built from the ground up for legal and tax professionals. Learn more - Insights - Events - Product training - Product communities - Developers Insights Human intelligence See how expert human intelligence shapes the AI that’s redefining legal work — and what that means for your practice. Read blog Webinar Legal enhancements Explore the latest CoCounsel Legal enhancements — smarter AI, deeper research, and new workflows built for the way you practice. Register now - Help with account management - Help & support - Contact us March 19, 2020 Thomson Reuters Acquires Pondera Solutions Acquisition brings additional technology, analytics and human analysis to combat fraud, waste and abuse MINNEAPOLIS-ST. PAUL, March 19, 2020 – 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 Share Thomson Reuters Do not sell or share my personal information and limit the use of my sensitive personal information
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