Softway

Name

Softway

Legal name

Thomson Reuters Corporation

Website

https://softwaysa.com

Company type

Public

Founded year

1851

Operating status

Operating

Headcount range

10,001+ employees

Ownership category

akta.pro rank

Headquarters

HQ city

Centro

HQ country

Brazil

HQ region

Latin America

Offices3 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure, Supply Chain, Others

Revenue model

1. Subscription / SaaS Licensing: Thomson Reuters generates the majority of its revenue through subscription and SaaS licensing across its product lines including Westlaw, CoCounsel, ONESOURCE, HighQ, CLEAR, and Practical Law. These are recurring revenue contracts with annual or multi-year billing cadences targeting enterprise and professional firm clients.
2. Professional Services & Training: The company offers professional services including product training, implementation consulting, and support services for its software platforms, including dedicated professional services for tax/audit/accounting firms.
3. Publishing & Book Sales: Sale of legal and tax books including Black's Law Dictionary, audit and accounting titles, and tax quickfinder handbooks through the Thomson Reuters store.
4. Developer APIs & Data Access: Thomson Reuters provides API access, developer tools, and data integration services through its developer portal, enabling third-party integration with Thomson Reuters platforms and data.

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels7 records

Core offering

Softway provides AI-powered professional information and workflow software across legal, tax, accounting, and risk domains. Core offerings include the CoCounsel AI assistant built on Fiduciary-Grade AI principles, Westlaw legal research, Practical Law attorney-editor content, ONESOURCE tax and trade compliance suites, CLEAR public-records risk and investigation tools, and HighQ collaboration platforms. The platform is delivered primarily as subscription-based SaaS licensed to law firms, corporations, government agencies, and tax/audit/accounting professionals globally.

Product overview

Thomson Reuters is a comprehensive professional services technology platform offering an integrated portfolio of AI-powered solutions across legal, tax and accounting, international trade and supply chain, and risk and fraud management. The platform architecture centers on CoCounsel, the flagship AI platform chosen by 1 million users globally, built on Fiduciary-Grade AI principles for professional contexts. The legal suite includes Westlaw (research), Practical Law (guidance), HighQ (collaboration), Legal Tracker (matter management), and CLEAR (investigations). The tax and accounting suite includes CoCounsel Audit and Tax, Guided Assurance, Ready to Advise/Review, SafeSend, and the comprehensive ONESOURCE product line for tax determination, income tax, indirect compliance, and global trade management. The ONESOURCE+ intelligent compliance network connects tax, trade, legal, and risk operations. The platform also includes Reuters news services and ProView e-reader.

Differentiator

Problem solved

Functional benefit

Brands

• CoCounsel: AI platform chosen by 1 million users globally, built on Fiduciary-Grade AI principles for legal, tax, and audit professionals
• Westlaw
• Practical Law
• HighQ
• Legal Tracker
• ONESOURCE
• CLEAR
• Fraud Detect
• SafeSend
• Guided Assurance
• Ready to Advise
• Ready to Review
• Westlaw Edge
• Westlaw Advantage
• ONESOURCE+
• ProView
• Thomson Reuters Institute
• Reuters
• Black's Law Dictionary
• ONESOURCE University

Products and services

• CoCounsel Legal Complete legal work platform that unites research, analysis, and drafting in one seamless experience using professional-grade AI grounded in trusted Westlaw and Practical Law content; for legal professionals across firms, corporations, and government.
• CoCounsel Professional AI assistant for complex workflows that delivers defensible work, uncovers value, and reduces friction across legal, tax, and audit contexts; built on Fiduciary-Grade AI principles.
• Westlaw Legal research software powered by 150 years of expertise and AI, enabling legal professionals to find answers faster across case law, statutes, regulations, and secondary sources.
• Westlaw Edge Premium legal research with AI-assisted research capabilities that deliver precise, verified answers and strategic insights for complex legal research.
• Westlaw Advantage Agentic AI research solution combining comprehensive, verified Westlaw content with autonomous AI capabilities to move legal professionals from research to strategy faster.
• Practical Law AI-powered legal guidance service providing templates, checklists, and attorney-editor content to deliver confident legal work for law firms and in-house teams.
• HighQ Secure collaboration and automated workflows platform for legal teams, providing AI-powered client engagement and matter management.
• Legal Tracker AI-powered matter and spend management software that maximizes legal efficiency and reduces annual outside counsel and legal spend for law firms and corporate legal departments.
• CLEAR Public-records technology platform that reveals critical connections in one platform for investigations, adverse media screening, identity verification, and risk assessment across risk, fraud, and compliance teams.
• CLEAR Investigate AI-driven research workflows integrated with premium public-records data that help investigators surface critical connections faster.
• CLEAR Adverse Media Adverse media screening software providing automated monitoring to identify risky individuals and businesses across global sources for compliance and risk teams.
• CLEAR ID Confirm Customizable identity verification software that delivers confidence scores across public-records data for onboarding and fraud prevention.
• CLEAR Risk Inform Customizable risk assessment software that delivers calculated scores and adverse flags for rapid risk identification.
• Fraud Detect Machine-learning fraud detection technology that delivers risk scoring and actionable insights to identify complex fraud schemes.
• CoCounsel Audit AI-powered audit workflow automation that standardizes audit processes and delivers verifiable, citation-backed insights for audit and accounting professionals.
• CoCounsel Tax AI tax research and deliverable platform that centralizes trusted sources and firm data to help tax professionals complete client work and research faster.
• Guided Assurance Audit engagement software that automates audit workflows, identifies risks using AI, and supports full audit engagement completion and compliance.
• Ready to Advise AI-powered tax planning software that turns client data into actionable tax strategies and guides implementation for accounting and tax practices.
• Ready to Review AI-powered 1040 review software that automates 1040 return preparation and eliminates manual data-entry tasks for tax professionals.
• SafeSend AI-powered 1040 return preparation automation that scales tax capacity for tax practitioners by eliminating manual data-entry tasks.
• ONESOURCE Determination Certified, automated indirect tax determination software that ensures accurate global indirect tax calculations across enterprise systems.
• ONESOURCE Income Tax Corporate income tax software that helps companies file accurate federal, state, and international corporate tax returns faster.
• ONESOURCE Indirect Compliance Indirect tax compliance software that centralizes VAT, GST, and sales tax determination, returns, and reporting across all jurisdictions.
• ONESOURCE Pagero E-invoicing compliance software that centralizes tax data and automates reporting for global regulatory compliance.
• ONESOURCE Tax Provision Tax provision software that automates current and deferred tax estimates in seconds and streamlines financial close reporting.
• ONESOURCE Foreign Trade Zone Management Foreign Trade Zone management software that centralizes supply-chain data, automates compliance, maximizes duty savings, and improves cash flow.
• ONESOURCE Global Classification AI AI-powered global trade classification software that delivers fast, accurate Harmonized System (HS) code classifications for import and export compliance.
• ONESOURCE Global Trade Content Trusted global trade content service with rapid updates and broad coverage for powering global trade compliance programs.
• ONESOURCE Denied Party Screening Denied party screening software that automates screening against more than 750 global denied-party lists to minimize sanctions risk for trade compliance teams.
• ONESOURCE Free Trade Agreement Management Free trade agreement management software that reduces duties and simplifies FTA qualification with less manual effort.
• ONESOURCE Export Management Export compliance software that consolidates export compliance, screening, clearance, and document workflows in a single system.
• ONESOURCE+ Intelligent compliance network that brings tax, trade, legal, and risk together in an AI-powered connected approach so teams collaborate faster, see risks sooner, and make smarter decisions.
• ProView E-reader platform built for legal and tax professionals to access their entire professional library across devices.
• Tax Quickfinder Quick-reference tax research handbooks that deliver accurate answers in a concise, practical format for tax professionals.
• Black's Law Dictionary Premier legal dictionary and reference publication for legal professionals, available in print via the company store.

Quantifiable outcome

• 5x ROI and 100% increase in litigation capacity for law firm using CoCounsel
• +2 more outcomes

Named customers5 records

Segments6 records

Ideal customer profiles6 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

AI capability10 records

Feature6 records

Partnerships

Two partnerships are on record, tiered core.

• OraclecoreTechnology or IntegrationOracle users consolidate compliance into one platform that reduces complexity while scaling tax and trade using Thomson Reuters ONESOURCE solutions integrated with Oracle Fusion Cloud ERP.
• Thomson Reuters Partnership ProgramcoreChannel Partner/ Reseller/ DistributorFormal partnership program with technology partners, channel partners, implementation/SI consulting partners, and GTM/marketing partners. The company actively recruits new partners through its 'Become a Partner' portal and maintains a 'Find a Partner' directory.

Scale indicators6 records

Recent moves6 records

Expansion highlights6 records

Emerging players

• Workiva: A cloud-based compliance and reporting platform serving accountants, auditors, and corporate compliance teams. Workiva competes with Thomson Reuters' tax provision and audit reporting tools (ONESOURCE, CoCounsel Audit) for corporate finance and accounting professionals.
• Harvey: An AI-native legal technology platform built for elite law firms, offering domain-specific AI for legal research, drafting, and analysis. Harvey is an emerging threat to Thomson Reuters' Westlaw and CoCounsel Legal products, particularly at large law firms seeking more modern AI-only experiences.

Direct peers

• Bloomberg Tax: Bloomberg's tax and accounting division provides tax research, news, and software for corporate tax and accounting professionals. Competes directly with Thomson Reuters' tax research, ONESOURCE suite, and CoCounsel Tax products for similar enterprise tax customers.
• Wolters Kluwer: A global professional information, software, and services company serving legal, tax, accounting, compliance, and healthcare professionals. Wolters Kluwer's tax and accounting division directly competes with Thomson Reuters ONESOURCE and CoCounsel Tax/Audit products for the same professional customer base.
• CCH (Wolters Kluwer): Wolters Kluwer's flagship tax and accounting software division (CCH) provides tax research, compliance, and practice management software. CCH directly competes with Thomson Reuters ONESOURCE and CoCounsel Tax for corporate tax departments and CPA firms.
• Dun & Bradstreet: A leading provider of business data and analytics for corporate compliance, risk management, and sales/marketing. CLEAR competes directly with Dun & Bradstreet in public records, identity verification, and risk/fraud detection for the same enterprise compliance customers.
• LexisNexis (RELX): The primary direct competitor in legal research and information services, part of RELX. LexisNexis competes head-to-head with Westlaw, Practical Law, and Lexis+ AI for law firm and corporate legal customers, with overlapping content libraries and AI-powered legal tools.

Broad incumbents

• S&P Global: A professional information and analytics company serving financial, commodity, and corporate professionals. While not a direct legal competitor, S&P Global competes with Thomson Reuters in financial information, risk analytics, and corporate compliance segments, sharing similar professional-services customer base.
• Intuit: Provides tax and accounting software (ProConnect, Lacerte, QuickBooks) for tax professionals and small businesses. Intuit competes with Thomson Reuters' tax preparation tools (SafeSend, Ready to Review) in the tax professional market, particularly for small and mid-market CPA firms.

Regional players

• H&R Block: A major U.S. tax preparation provider serving consumer and small-business tax filers. While focused on consumer tax rather than enterprise professional services, H&R Block competes with Thomson Reuters' tax products for the small CPA firm and individual tax professional segment.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/softway_sa
• YouTubeyoutube.com/thomsonreuters
• Facebookfacebook.com/thomsonreuters
• LinkedInlinkedin.com/company/14826
• Instagraminstagram.com/thomsonreuters

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries2 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Softway