07|27|2012 02:48 am EDT
Information company Thomson Reuters announced today that they bought brand protection company and corporate domain registrar Mark Monitor for an undisclosed sum.
“This acquisition marks the beginning of a transformational shift within the Intellectual Property & Science business of Thomson Reuters,” said Chris Kibarian, president, IP & Science, Thomson Reuters. “It is emblematic of our strategy to accelerate innovation and growth within our business.”
“Thomson Reuters already helps thousands of companies create, manage and protect hundreds of billions of dollars worth of intellectual property assets,” said David Brown, president, Intellectual Property Solutions, Thomson Reuters. “With the addition of online brand protection solutions like those provided by MarkMonitor, we’ll be able to deliver advanced technologies to keep customers one step ahead of brandjackers and reduce the enormous risk posed to brands online.”
The MarkMonitor team, led by President and Chief Executive Officer Irfan Salim, will join Thomson Reuters.
Mark Monitor submitted a number of new TLD application on behalf of corporate clients