ClearForest acquired by Reuters - Waltham, MA

Reuters said it has reached a deal to acquire the outstanding shares of Waltham business-information software maker ClearForest Ltd. The financial terms of the deal were not disclosed. ClearForest develops a tagging platform and analytic software for customers to extract business information from large amounts of text content. The company reported gross assets of $3.8 million in December 2006.

New York-based Reuters plans to retain and continue to work with ClearForest's management team and its employees in the United States and Israel. It also plans to continue to support existing products and customers, company officials said.

http://www.clearforest.com/whatsnew/PRs.asp?year=2007&id=109