Tuesday, January 05, 2010
New York, January 5, 2009 -- Berkery Noyes, a leading independent investment bank serving the information and technology markets, announces that it represented Discovery Logic, Inc., a provider of customizable analytics and decision support solutions for scientific research, in its sale to Thomson Reuters. The company will become part of the Healthcare & Science business of Thomson Reuters. Financial terms of the transaction were not disclosed.
Discovery Logic is a leading provider of systems, data and analytics for real-time portfolio management, decision support, outcomes tracking, and information visualization. The company provides unique software, data and analytics for relating people, organizations, ideas, grants, inventions, patents, publications, and products worldwide.
"Discovery Logic created enormous excitement in the M&A marketplace, similar to pre-fall 2007, due to its cutting-edge solutions for the information sector and its exceptionally talented professionals," said Mary Jo Zandy, Managing Director of Berkery Noyes.
Thomson Reuters' acquisition of Discovery Logic will enhance its current research analytics offerings and provide increased decision support and workflow solutions to Thomson Reuter's academic, government, nonprofit and commercial customers. Key assets and benefits which Discovery Logic will bring to Healthcare & Science's Scientific & Scholarly Research group include:
ScienceWire®, a highly customizable and proprietary software and database platform
Complementary capabilities in analytics, data management, and value added services
Experienced management team with a highly skilled, scientific-oriented staff
A successful track record of deploying decision support systems
"Discovery Logic and Thomson Reuters specialize in transforming information into knowledge," said Mike Pollard, Executive VP & Chief Operating Officer of Discovery Logic. "Together, our companies create an unmatched resource for professionals needing to make crucial decisions on projects, people and research opportunities."
About Thomson Reuters – Thomson Reuters is the world's leading source of intelligent information for businesses and professionals. It combines industry expertise with innovative technology to deliver critical information to leading decision makers in the financial, legal, tax and accounting, healthcare and science and media markets, powered by the world's most trusted news organization. With headquarters in New York and major operations in London and Eagan, Minnesota, Thomson Reuters employs more than 50,000 people and operates in over 100 countries. Thomson Reuters shares are listed on the Toronto Stock Exchange (TSX: TRI) and New York Stock Exchange (NYSE: TRI). For more information, go to www.thomsonreuters.com.
About Berkery Noyes - Berkery Noyes provides strategic mergers and acquisitions transaction advisory services, financial consulting and strategic research to middle-market information and technology companies in the United States and internationally. BNC has been involved in many notable transactions in the media and information sectors, including Random House's acquisition of Ten Speed Press, Gale's acquisition of HighBeam Research, Wicks' acquisition of The Gordian Group, Leeds' acquisition of Ex Libris Ltd. and Oxford University Press' acquisition of Roxbury Publishing Company. For more information, visit: www.berkerynoyes.com
Mary Jo Zandy, Managing Director
John Shea, Chief Operating Officer