Thomson Reuters (TSX/NYSE: TRI) acquired Pondera Solutions, a provider of technology and advanced analytics to combat fraud, waste and abuse in healthcare and large government programs.
The amount of the deal was not disclosed.
The acquisition of Pondera Solutions will enhance the offerings in the risk, fraud and compliance space and will allow Thomson Reuters to expand on its strategic approach to deliver insight through advanced analytics, artificial intelligence and human expertise.
Led by Jon Coss, CEO and founder, Pondera Solutions leverages advanced analytics, AI, and human intelligence to enable government and commercial healthcare programs to maintain compliance and detect fraud, waste, and abuse. Their core detection system, FraudCaster, allows clients to detect and prevent hundreds of millions of dollars in improper payments in health plans and government programs. Founded in 2011, the company is based in Sacramento and has an office in Florida.
Thomson Reuters is a provider of business information services. Its products include specialized information-enabled software and tools for legal, tax, accounting and compliance professionals combined with the world’s most global news service – Reuters.