Thomson Acquires CrossBorder Solutions



    Thomson Tax & Accounting to expand offerings in fast-growing segments of
    corporate tax market

    STAMFORD, CT, and NEW YORK, March 9 /CNW/ - The Thomson Corporation
(NYSE:   TOC; TSX: TOC), a leading provider of information solutions to business
and professional customers worldwide, today announced that it has acquired
CrossBorder Solutions, a leading tax software company, whose products are
relied upon by many of the world's largest corporations for their planning and
compliance needs. Financial terms of the transaction were not disclosed.

    
    (Logo:  http://www.newscom.com/cgi-bin/prnh/20020227/NYW014LOGO )
    

    Based in New York and London, CrossBorder Solutions will now become part
of Thomson Tax & Accounting. The acquisition will enable Thomson Tax &
Accounting to expand into the transfer pricing/tax market and enhance its
offerings in the tax provisions market -- two fast-growing markets in the
corporate tax segment. As an international tax solutions provider, CrossBorder
Solutions' products facilitate transfer pricing documentation and FAS 109
compliance to multinational, publicly-traded companies based in the United
States and Europe.
    "CrossBorder Solutions' innovative product line and strong customer
partnerships directly complement Thomson Tax & Accounting's best-of-breed
software and service offerings. This acquisition will greatly expand the range
of products and services that we can provide to our corporate tax customers,
particularly in the income tax market where we have already established a
leading position with our InSource(R) products," said Roy M. Martin, Jr.,
president and chief executive officer, Thomson Tax & Accounting. "We look
forward to building on their legacy and ours to provide exceptional products
and services to tax compliance and planning customers."
    "We see this transaction as a natural step for our company in continuing
to provide our customers with the most innovative and intuitive tax software
available," said Donald Scherer, CEO, CrossBorder Solutions. "By combining
CrossBorder Solutions with Thomson Tax & Accounting, we will be able to
leverage the expertise of both companies to create even greater opportunities
for growth."

    The Thomson Corporation

    The Thomson Corporation (www.thomson.com) is a global leader in providing
essential electronic workflow solutions to business and professional
customers. With operational headquarters in Stamford, Conn., Thomson provides
value-added information, software tools and applications to professionals in
the fields of law, tax, accounting, financial services, scientific research
and healthcare. The Corporation's common shares are listed on the New York and
Toronto stock exchanges (NYSE:   TOC; TSX: TOC).
    Thomson Tax & Accounting, a business segment of The Thomson Corporation,
is a leading provider of technology and integrated information solutions to
accounting, tax and corporate finance professionals in accounting firms,
corporations, law firms and government. Thomson Tax & Accounting includes the
Professional Software & Services, Corporate Software & Services, and Research
& Guidance businesses.

    
    Media Contact:                         Investor Contact:
    Kathy Lofland                          Frank J. Golden
    Senior Director, Communications        Vice President, Investor Relations
    Thomson Tax & Accounting               (203) 539-8470
    (972) 250-8843                         frank.golden@thomson.com
    kathy.lofland@thomson.com

    Jason Stewart
    Vice President, Media Relations
    (203) 539-8339
    jason.stewart@thomson.com

    




For further information:

For further information: Kathy Lofland, Senior Director, Communications,
 of Thomson Tax & Accounting, +1-972-250-8843, kathy.lofland@thomson.com, or 
Jason Stewart, Vice President, Media Relations, +1-203-539-8339, 
jason.stewart@thomson.com, or Investor Contact, Frank J. Golden, Vice 
President, Investor Relations, +1-203-539-8470, frank.golden@thomson.com, all 
of The Thomson Corporation Web Site: http://www.thomson.com

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