Thomson Reuters has beefed up its fraud and abuse capabilities by acquiring Sacramento-based Pondera Solutions, a leading provider of technology and advanced analytics to combat fraud.
The deal will enable Thomson Reuters to leverage Pondera Solutions’ solutions to minimise waste and abuse in healthcare and large government programs.
It will also allow Thomson Reuters to expand on its strategic approach to deliver insight through advanced analytics, artificial intelligence and human expertise.
“Thomson Reuters and Pondera share a commitment to serve customers with solutions that reduce fraud by individuals targeting government programs,” said Steve Rubley, president of the government business for Thomson Reuters. “Pondera will be a key component to the suite of tools available to government customers that use technology, data and human analysis to support their mission and benefit their communities.”
Jon Coss, CEO and founder of Pondera Solutions, added, “Government agencies offer and operate some of the largest programs in the world, and that fact alone makes them targets for illicit gains through fraud. We have taken the latest technology and advanced analytics to help our clients combat fraud and waste, and by joining Thomson Reuters, we will be able to offer even more to help customers with key insights to minimise risk and reduce fraud.”
Thomson Reuters previously acquired Confirmation, the great Hill Partners-backed secure audit services provider, in mid-2019.