Thomson Reuters acquires Pondera Solutions
Written by Peter Walker
Thomson Reuters has acquired Pondera Solutions, a provider of analytics to combat fraud, waste and abuse in healthcare and large government programs.
A statement did not disclose the financial details, but explained that the deal would enhance Thomson Reuters’ offerings in the risk, fraud and compliance space, expanding on its strategic approach to deliver insight through advanced analytics, artificial intelligence and human expertise.
Founded in 2011, Pondera Solutions is based in Sacramento and operated the core detection system FraudCaster, which helps their clients detect and prevent hundreds of millions of dollars in improper payments in health plans and government programs.
“Thomson Reuters and Pondera share a commitment to serve customers with solutions that reduce fraud by individuals targeting government programs,” said Steve Rubley, president of the government business for Thomson Reuters. “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.”
Jon Coss, chief executive and founder of Pondera Solutions, added: “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 minimise risk and reduce fraud.”