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Reuters Plans to Sell Yankee Group and TowerGroup

Authored by Mark Hefflinger on September 26, 2003 - 10:59am.
Boston and Needham, Mass. -- Financial news and information provider Reuters announced that it plans to sell two Massachusetts-based research subsidiaries, TowerGroup and Yankee Group, as it continues efforts to focus on its core business. "Reuters is undergoing a significant transformation of its business and in order to focus fully on this initiative we are divesting noncore assets, which at this time include TowerGroup and Yankee Group," the company said. Reuters acquired TowerGroup, a research firm for the financial services industry that has 72 employees, in 1999, and Yankee Group, a technology research and consulting firm that employs 165, in 2000.
http://www.finextra.com/fullstory.asp?id=10027

tags: Yankee Group | Reuters | TowerGroup |



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