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Thomson Reuters to acquire Sabrix from venture capital firms

Thomson Reuters, a provider of integrated information-based solutions, has entered into a definitive agreement to acquire Sabrix, a provider of transaction tax management software applications and related services.

Both Thomson Reuters and Sabrix are based in the US.

Following the acquisition, Sabrix offerings, which cover rates and rules for 170 countries, will be integrated with Thomson Reuters’ existing local transaction tax software and services to form a total solution for corporate customers in the US, UK, and Europe.

Sabrix raised USD13m in 2006 from Trinity Ventures, Mohr Davidow Ventures, GKM Ventures and VSP Capital (formerly Venture Strategy Partners).

The transaction is expected to close in December 2009.

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