MasterCard advisors, a subsidiary of MasterCard International, is to acquire TowerGroup from Reuters.
MasterCard Advisors is a global professional services organisation offering consulting, research and outsourcing products and services. The acquisition is part of Advisors' strategy to deepen and strengthen its research expertise.
TowerGroup has been operating as a subsidiary of Reuters since 1999. It is research and advisory firm for the financial services industry. Its divestiture from Reuters is part of the company's strategy to focus on its core business.