Thomson Reuters has signed a definitive agreement to acquire the Abacus Enterprise suite of products and related business operations from Deloitte.
The Abacus suite of products helps corporations and their advisers plan, comply, and remit income taxes and value-added taxes. Based in London, the business offers software products to customers in the U.K., Ireland, the Netherlands, New Zealand, and Hong Kong as well as supplying VAT software for 20 countries in the European Union. Approximately 40 employees will transfer with the business.
