Thomson Tax & Accounting, part of the Thomson Corp., and a provider of technology and information solutions to accounting, tax and corporate finance professionals, announced a realignment into three distinct business groups.

The divisions will be broken down by product lines, falling into the categories of research and guidance, professional software and services, and, finally, corporate software and services.

"[The move will] leverage the strengths and assets of the individual product brands and provide greater focus on the daily workflow needs of our customers in the accounting firm, corporate tax, academic, government and legal markets," said president and chief executive of Thomson Tax & Accounting Roy Martin Jr., in a statement.

A trio of executive vice president/general managers will oversee each of the lines.

Mark Schlageter has been appointed to lead the research and guidance business, which focuses on providing products and services in the areas of digital content and information-based workflow solutions. The business will combine the RIA Information/Online and PPC accounting lines.

Jon Baron will lead the professional software and services business, which serves the U.S. accounting firm market and will combine Thomson's GoSystem Tax and Creative Solutions into one group, along with a number of other brands such as the CS Professional Suite, UltraTax CS TM and GoFileRoom products. The business will focus on providing products and services in the areas of tax compliance, integrated business management solutions and other advanced services for accounting firms.

Brian Peccarelli will head the corporate software and services business, which serves the corporate tax, bank and trust markets and encompasses the tax domains of Trust Tax, Income Tax, Transaction Tax, 1099 Tax and Probate/Estate Tax. The line is composed of the former RIA Compliance and Fast-Tax business units. The new business will focus on providing products and services in the area of tax compliance, integrated workflow solutions and document management.

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