Thomson Reuters has acquired the business and operations of RedEgg, a leading provider of media intelligence solutions for public relations and marketing professionals.
Khaitan & Co. advised Thomson Reuters on the Indian leg of the transaction. The team was led by Principal Associate Niren Patel along with Real Estate Associate Partner Abhishek Sharma.
Dickstein Shapiro acted as US legal counsel for Thomson Reuters with a team led by Associate Lindsay A. Sheehy
The Bangalore office of Indus Law advised RedEgg with a team led by Partner Srinivas Katta while Morse, Barnes-Brown & Pendleton acted as International legal counsel for Red Egg. The team was led by Partner Charles A. Wry.
According to the press release, the acquisition builds on an existing relationship with RedEgg whose MyMediaInfo media contact database and MyNewsBrief service are already available to Thomson ONE Public Relations and Thomson Reuters InPublic customers.
Thomson Reuters plans to integrate RedEgg into its Corporate Services business, and its co-founders Gaugarin Oliver and Eric Hill will join and bring their expertise in developing innovative solutions for the public relations markets.
Recently, Thomson Reuters sold its investment operations tool business PORTIA to SS&C Technologies for $170 million. Khaitan & Co. advised Thomson Reuters on the Indian leg of the transaction with a team led by Partner Rabindra Jhunjhunwala along with Executive Director Dinesh Kumar Agrawal.