Reuters (NYSE: TRI) has acquired Highline Financial, a site that provides analytics about banking industry trends. The news service has made a few other similar acquisitions over the past year, including its January purchase of scientific analytics software provider Discovery Logic.
Terms of the deal, which was managed by TheÂ Jordan,Â EdmistonÂ Group,Â Inc. on behalf of Highline, was not disclosed.
As Wall St. has experienced something of a comeback this year, as the severe impact of the global financial meltdown has receded, Reuters has been working on building up its subscription business to traders and investment banks.
Reuters plans to incorporate Highline’s database info and other tools into its Eikon system, a desktop data and news offering available to financial companies that was launched in September. Among other things, the Thomson Reuters Eikon applies social media and mobility to the mix of market information, news, analytics and trading tools as part of its financial markets data subscription business.