Thomson Reuters has made great strides into becoming a major player in international development.
On Tuesday (Feb. 21), International Land Systems, Inc., an international development company and founding member of the Coalition of International Development Companies in the United States, announced it will transition to the Thomson Reuters brand name, “effective immediately.” The move follows Thomson Reuters acquisition of ILS in July.
ILS is known for providing software management systems to governments and development institutions for land management and property registration. Its services enable government clients to enhance revenues and transparency, plan for food security and manage natural resources. It has worked with bilateral and multilateral funding agencies such as the U.S. Agency for International Development, the Millennium Challenge Corp. and the World Bank, among others, through direct contracting.
Following the acquisition, ILS became part of Reuters’ Tax & Accounting business unit. Bill McKinzie, senior vice president and general manager of the government sector for the business unit, said although both companies have a “solid” reputation within the international community, the Thomson Reuters name offers ILS “even greater access and support.”
Thomson Reuters traditionally focused on business intelligence. It owns various websites, including multimedia news agency Reuters.com and AlertNet, a humanitarian news service of the Thomson Reuters Foundation.
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