- The acquisition provides an expanded customer base with a deep global network of subject matter expertise that further powers CUBE’s RegBrain AI through its industry-proven RegPlatform™ SaaS.
- CUBE continues to experience strong organic customer growth in its well-established enterprise sector, while also accelerating its growth in the mid-market sector.
- 2024 was a year of strategic milestones for CUBE, including the partnership with Hg, the expansion of its global presence across six main hubs, the acquisition of the Reg-Room and Thomson Reuters Regulatory Intelligence businesses and Oden, as well as appointments crucial to the board of directors and management.
LONDON, January 3, 2025 /PRNewswire/ — CUBE, a global leader in automated regulatory intelligence (ARI) and regulatory change management (RCM), today formally announced the completion of its acquisition of the regulatory intelligence business of Thomson Reuters and Oden the December 31, 2024.
The acquisition of these global companies represents another step in CUBE’s growth plans as a leader in regulatory intelligence. It will complement and enhance CUBE’s ability to provide services at scale to many of the world’s leading and systemically important financial institutions. CUBE’s global customer base will expand to approximately 1,000 clients across banking, insurance, asset and investment management, payments and adjacent regulated sectors.
Founder and CEO of CUBE, Ben Richmondsaid: “The completion of this acquisition represents a major milestone for CUBE in a year that has seen many significant milestones, including our strategic partnership with Hg, the acquisition of Reg-Roomand the acquisition of the businesses of Thomson Reuters Regulatory Intelligence and Oden.”
“Thomson Reuters is best known in the industry for its regulatory analysis and subject matter expertise, combined with world-leading journalism and information,” said Ben Richmond. “The powerful combination of CUBE’s AI and years of human-generated content curated by Thomson Reuters Regulatory Intelligence and Oden’s subject matter experts sets us apart in the industry. This new dimension of CUBE will accelerate innovation and drive more growth and opportunities in 2025 and beyond. “.
Following the announcement of his strategic partnership with Hg In March 2024CUBE has now completed two transformational US-based acquisitions across three businesses while continuing to build a highly experienced management team. CUBE’s impressive and continued growth has seen its presence in the corporate sector surpass 200 clients and now represents approximately 40% of the world’s leading financial institutions. In the mid-market sector, serving small and medium-sized businesses, CUBE now has nearly 800 customers.
With this growth, CUBE has consolidated its global presence by establishing offices in its six main centers focused on customer support and implementation; with the number of CUBE employees doubling to nearly 700 and a comparable increase in the number of countries where CUBE employees are located, which now total 15 countries.
Ben Richmond said: “We are excited to welcome all of our new colleagues to CUBE – 2025 promises to be another important year for the company as we continue to deliver new innovations focused on automating regulatory compliance and compliance. risk management for our clients.
The definitive agreement was initially announced in May 2024 and the terms were not disclosed.
Show original content:https://www.prnewswire.com/apac/news-releases/cube-completes-acquisition-of-thomson-reuters-regulatory-intelligence-and-oden-businesses-302341227.html
SOURCE CUBE
