In April, Thomson Reuters entered into a definitive agreement with TPG for them to acquire a majority stake of Elite. The deal has closed, and Elite is now an independent legal tech company.

Thomson Reuters retains a minority ownership stake in Elite and has board representation. The new investment from TPG, alongside the expertise and experience from Thomson Reuters, positions Elite to better serve its customer’s needs. The investment will bring resources and focus to Elite, enabling organizations to digitally transform and thrive.

The Elite suite of solutions – including 3E, ProLaw, eBillingHub, and MatterSphere – will maintain existing integrations with Thomson Reuters products.

For more details, read TPG’s press release.

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