Thomson Reuters has agreed to acquire Manatron, a provider of property tax automation and land registry global software for governments and municipalities and fold it into its Tax & Accounting unit.

Thomson Reuters purchased Manatron from private equity firm Thoma Bravo for undisclosed terms.

Manatron’s flagship product, Government Revenue Management, is an integrated suite of Web-based property recording, assessment and tax software that automates the operational, informational, and planning needs for assessors, auditors, treasurers, tax collectors and other government officials. Manatron expands Thomson Reuters’ Tax & Accounting business with an additional 1,400 clients in over 20 countries and more than 40 states in the U.S.

“Manatron has a great track record helping governments improve their collection and compliance processes, which improves accuracy, customer service and reduces costs associated with the collection process for all involved,” said Brian Peccarelli, president of the Tax & Accounting business of Thomson Reuters.

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