Expands Thomson Tax & Accounting's services offering to corporations
STAMFORD, Conn. and NEW YORK, Oct. 5 /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 completed
the acquisition of Deloitte Tax LLP's Property Tax Services business (PTS).
(Logo: http://www.newscom.com/cgi-bin/prnh/20020227/NYW014LOGO )
"We are pleased to welcome the PTS employees to Thomson Tax & Accounting
and look forward to leveraging the strength of both businesses to offer
corporate clients seamless property tax compliance services," said Roy M.
Martin, Jr., President and Chief Executive Officer, Thomson Tax & Accounting.
PTS, which will be known as Thomson Property Tax Services, is a national
provider of property tax compliance outsourcing and consulting services, such
as real estate appeals and complex property tax consulting. Its expansive
national network of more than 420 professionals is now part of the Tax &
Accounting segment of Thomson, which provides leading technology and
integrated information solutions to accounting, tax and corporate finance
professionals in accounting firms, corporations, law firms and government.
"By combining PTS with Thomson Tax & Accounting, we are securing future
growth for the business and its employees," said Chet Wood, Chairman and CEO,
Deloitte Tax LLP. "The synergies resulting from this combination will truly
advance the products and services offered to property tax customers."
PTS will align with Thomson Tax & Accounting's ePropertyTax product line,
which offers corporate tax departments solutions to manage their property tax
compliance needs, ranging from licensing of its proprietary Web-native
property tax software system to compliance outsourcing services. PTS will
enhance the ePropertyTax product line with its value-added consulting services
for real estate property tax appeals and complex property tax consulting, as
well as its national footprint in the market.
"PTS is a highly complementary addition to our existing property tax
technology," said Brian Peccarelli, President, Thomson Tax & Accounting's
Corporate Software & Services business. "By integrating the PTS business with
our existing ePropertyTax brand, Thomson Tax & Accounting will provide the
most comprehensive property tax compliance solution available to
Financial terms of the transaction were not disclosed.
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 segment of Thomson, 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.
ePropertyTax is a brand of the Corporate Software & Services business.
This news release includes forward-looking statements which are based on
certain assumptions and reflect The Thomson Corporation's current
expectations. All forward-looking statements in this news release are subject
to a number of risks and uncertainties that could cause actual results or
events to differ materially from current expectations. Some of the factors
that could cause actual results to differ materially from current expectations
include risks related to Thomson Tax & Accounting's ability to successfully
integrate the Deloitte Tax LLP Property Tax Services business after the
closing, and actions of Thomson Tax & Accounting's competitors. Additional
factors are discussed in the Corporation's materials filed with the securities
regulatory authorities in Canada and the United States from time to time,
including the Corporation's latest annual information form, which is contained
in its most recently filed annual report on Form 40-F. The Corporation
disclaims any intention or obligation to update or revise any forward-looking
statements, whether as a result of new information, future events or
otherwise, other than as required by law.
Media Contact: Investor Contact:
Fred Hawrysh Frank J. Golden
Global Director, Vice President, Investor Relations
External Communications (203) 539-8470
(203) 539-8314 firstname.lastname@example.org
Sr. Director, Corporate Communications
Thomson Tax & Accounting
For further information:
For further information: Fred Hawrysh, Global Director, External
Communications, +1-203-539-8314, email@example.com, or Kathy Lofland,
Sr. Director, Corporate Communications, Thomson Tax & Accounting,
+1-972-250-8843, firstname.lastname@example.org, or Investor Contact, Frank J.
Golden, Vice President, Investor Relations, +1-203-539-8470,
email@example.com Web Site: http://www.thomson.com