Reuters has entered into an agreement to acquire all the outstanding shares of ClearForest, a privately held provider of text analytics solutions whose tagging platform and analytical products allow clients to derive business information from huge volumes of unstructured text and enterprise data.

Reuters believes that search will be a pivotal element to the future of how financial information is sourced and consumed. As part of its drive into this space, it has created a new strategic group that will oversee the integration of ClearForest into Reuters' offerings.