I am pleased to share with you that we have entered into an agreement with Thomson Reuters to acquire its Investor Relations, Public Relations and Multimedia Solutions businesses. Today's announcement is a significant milestone for this organization and it firmly underscores our long-term commitment to the Corporate Solutions business and our strategy to grow a portfolio of stable, recurring-revenue businesses. We believe this is an exciting opportunity that will contribute to our ability to grow our business, better serve our customers and create opportunities for our people.
This transaction represents a distinct opportunity to create a truly differentiated client experience through premier content and best in class platforms. We will bring the assets, talent and technology together to continue to deliver a strong customer-centric value proposition to over 7,000 new clients in over 60 countries.
We intend to combine Corporate Solutions with the Thomson Reuters Investor Relations Services, Public Relations Services, and Multimedia Solutions to create best of breed products, technologies and service model. As a result, NASDAQ OMX will become one of the leading providers of investor relations solutions and will add robust public relations and webcasting platforms, enabling the Company to better serve the combined client base. The increased scale and depth of the combined product offering is expected to create attractive cross-selling opportunities. Additionally, Corporate Solutions customers will have access to high-value investor relations data, including First Call and StreetEvents, through an exclusive relationship with Thomson Reuters.
As I mentioned, today's announcement is a significant milestone for us. We are tremendously excited about the additional opportunities and value that this transaction represents for our business, our employees and our clients.
Chief Executive Officer