Announced
Completed
Financials
Tags
finance management platform
Acquisition
Majority
Completed
Friendly
Single Bidder
United Kingdom
Digital Services
Cross Border
Private
Synopsis
Corlytics, a specialist in risk intelligence, analytics, compliance, and monitoring services for the legal and auditing, completed the acquisition of Clausematch, a finance management and regulation platform that provides policy management, regtech, and document management services. Financial terms were not disclosed. “Clausematch was built out of frustration at the inadequacy of existing legacy and incumbent solutions on offer for compliance and legal departments. The value of our offering was quickly recognised, and Clausematch has since become a market leader in the new generation of policy management and compliance software. We are incredibly proud to join forces with Corlytics on the next stage of our journey. Our clients have been asking for the integration of regulatory content into our platform for a long time. By combining and accelerating our products and client relationships, we will drive a revised compliance operating model and unlock new value for our esteemed clients, redefining the RegTech landscape. Through the combined products, our clients will be able to show to the regulator how a regulatory change is assessed, implemented and communicated internally and be able to provide compliance attestations in a single platform. It’s a first-of-a-kind offering that does not exist today and it will change how financial services firms manage compliance,” Evgeny Likhoded, Clausematch CEO and Founder.
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