Thomson Tax & Accounting acquires EBIA

Thomson Tax & Accounting, a business segment of The Thomson Corporation, and a leading provider of information solutions to tax and accounting professionals, has announced that it has acquired Employee Benefits Institute of America Inc. (EBIA), a leading provider of employee benefits research and guidance to benefits professionals in corporations and professional advisory firms.

The Edmonds, Washington-based company will join the Research & Guidance business of Thomson Tax & Accounting, expanding the company's position as a leading provider of end-to-end research and guidance services. EBIA's informative employee benefits content will be integrated into Checkpoint, the market-leading tax research platform from Thomson Tax & Accounting, and will provide an expanded offering of benefits information. EBIA will continue to service customers from its current location in Edmonds, Washington.

"Thomson Tax & Accounting is committed to supporting tax and accounting professionals by providing the widest range of information-based solutions, expert guidance and workflow tools," said Mark Schlageter, president, Research & Guidance for Thomson Tax & Accounting. "With the addition of content from EBIA, Thomson Tax & Accounting will provide an even more robust pension, benefits and payroll offering."

"EBIA's business philosophy and its employee benefits publications and seminars are a strong complement to those of Thomson Tax & Accounting," said Tom McCormick, EBIA's founder and - more - chairman. "As a part of Thomson Tax & Accounting, EBIA is now positioned for future growth in this important segment of the market." Financial terms of the transaction were not disclosed.