Tax & Accounting News

Thomson Reuters Strengthens Position in Australia with Acquisition of Munitec

Aumentum, Blog, News February 13, 2013

Thomson Reuters, the world’s leading source of intelligent information for businesses and professionals, has acquired Munitec.

One of the leading providers of property tax, valuation and permitting technology for governments in Australia, Munitec will expand the Tax & Accounting Government Sector offering in this rapidly advancing market.

Founded in 1994, Munitec has ten employees and is the primary provider of valuation technology to Municipalities throughout the state of Victoria. Their flagship product, VMOnline, is a web-based SaaS application that manages property valuations.

“We have created a unique strategic opportunity by combining Munitec’s multiple years of expertise, and unparalleled knowledge of local professional needs in Australia with Thomson Reuters expansive global footprint and capabilities to build and deliver government tax solutions globally”, said Bill McKinzie, managing director Government for the Tax & Accounting business of Thomson Reuters.

Terms of the acquisition were not disclosed.