- Thomson Reuters recently announced that it is buying Pondera Solutions. These are the details about the deal.
Thomson Reuters recently announced that it is buying Pondera Solutions — which is a leading provider of technology and advanced analytics to combat fraud, waste, and abuse in healthcare and large government programs.
Thomson Reuters works with government agencies at the federal, state, and local level with solutions and resources to improve efficiencies, diminish risk, and reduce fraud.
What does Pondera Solutions do? Pondera Solutions utilizes advanced analytics, AI, and human intelligence to help government and commercial healthcare programs maintain compliance and detect fraud, waste, and abuse. Plus its core detection system, FraudCaster helps its clients detect and prevent hundreds of millions of dollars in improper payments in health plans and government programs.
And the acquisition of Pondera Solutions will enhance the offerings in the risk, fraud and compliance space and will allow Thomson Reuters to expand on its strategic approach for delivering insight through advanced analytics, artificial intelligence, and human expertise.
Pondera Solutions was founded in 2011 and is based in Sacramento and has an office in Florida. The terms of the deal were undisclosed.
“Thomson Reuters and Pondera share a commitment to serve customers with solutions that reduce fraud by individuals targeting government programs. 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.”
-Steve Rubley, president of the Government business for Thomson Reuters
“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 minimize risk and reduce fraud.”
-Jon Coss, CEO and founder of Pondera Solutions