Impact Venture Capital portfolio company Pondera Solutions acquired by Thomson Reuters
Thomson Reuters has acquired Pondera Solutions, a provider of technology and advanced analytics to combat fraud, waste, and abuse in healthcare and large government programs, from Impact Venture Capital.
Thomson Reuters serves government agencies at the federal, state and local levels with solutions and resources to improve efficiencies, diminish risk and reduce fraud. The acquisition of Pondera Solutions will enhance their offerings in this space and will allow Thomson Reuters to further deliver insight through advanced analytics, artificial intelligence, and human expertise.
“We couldn’t be more thrilled for the Pondera team. We've been working with Jon Coss and Pondera since the business planning stages and it’s been amazing to collaborate with this innovative and visionary team. Pondera is solving a huge and difficult problem, and it's been my pleasure to watch them grow from idea, to millions in revenues, to millions more in investment, to many times that with this successful exit. Thomson Reuters will certainly thrive following this acquisition and we're thrilled with the return on investment this transaction has provided to our firm," says Jack Crawford, founding General Partner at Impact Venture Capital.
“I’m very grateful to Jack Crawford and all of the Impact team for their support throughout Pondera’s journey. They were with us pre-revenue in the conception and business planning stages; they provided funding support in our Series A raise, and they helped us grow with strategy and operational support. In short, Impact’s support was critical to our success,” says Jon Coss, Pondera Solutions CEO.
"Thomson Reuters and Pondera share a commitment to serve customers with solutions that reduce fraud by individuals targeting government programs," says 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."