Thomson Reuters Buys Legal Intelligence Firm Noetica

Veteran business data firm Thomson Reuters Corporation has acquired Noetica, Inc., a New York-based AI-native start-up whose software turns transaction-deal data into structured market intelligence for deal professionals.

Thomson Reuters (TR) serves professionals across legal, tax, accounting, compliance, government and media, providing a wide range of data, intelligence and solutions to support decision-making. The firm is also the parent of the Reuters news agency. Noetica's platform pulls in transaction deal data and provides qualitative and quantitative benchmarking, natural-language term search, term-trend analysis, and deal-level risk signals. TR says it will integrate Noetica's analytics and structured market intelligence platform across its own AI platform, CoCounsel, to offer reliable benchmarking of key deal terms during transaction negotiations, assistance with legal drafting, and deeper transaction data analysis throughout the deal workflow.

Raghu Ramanathan, President of Legal Professionals at Thomson Reuters says the combined offer 'will bring real-time market insight directly into legal work.' He adds: 'This acquisition will result in a transformative leap forward and accelerates our strategy to deliver vertical specific, professional-grade AI to private practice and in-house deal professionals.'

Noetica CEO Dan Wertman adds: 'By combining our vertical AI specialization with Thomson Reuters category-defining solutions, we will provide a new generation of market-aware legal AI.'

TR's enterprise VC fund Thomson Reuters Ventures was an early investor in Noetica's Series A round. The firms are online at www.tr.com and www.noetica.ai .

All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.