Thomson Reuters Acquires Materia

October 22, 2024

Thomson Reuters has acquired Materia, a U.S.-based startup that builds an agentic generative AI assistant for tax, audit and accounting workflows. The acquisition is intended to accelerate Thomson Reuters' AI roadmap and integrate Materia's capabilities across its tax, audit and accounting product portfolio to improve efficiency and advisory services for accounting firms.

Buyers
Thomson Reuters Corporation
Targets
Materia
Location
New York, United States
Transaction Type
Buyout

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