Thomson Reuters has agreed to acquire two technology companies that specialize in know-your-customer and reference data, as part of an ongoing strategy to expand its data services for financial institutions.

The news and information company will acquire Clarient, a global KYC and client reference data platform, and Avox, a supplier of legal entity data on financial entities globally, both from the Depository Trust & Clearing Corp. These businesses will be integrated into Thomson Reuters' portfolio of risk management, compliance and reference data offerings. Financial terms were not disclosed.

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