From: RegTech Analyst
Rimes Technologies has acquired compliance technology company EBR Analytics and will integrate it into its services.
The purchase of the London-based RegTech company marks Rimes’ first acquisition in 25 years.
“EBR Analytics is a well-known and trusted brand in the RegTech market, which is a strategic growth market for RIMES,” said Christian Fauvelais, CEO of Rimes. “This acquisition allows us to enhance our BMR service suite and further help firms as they look to comply with this complex and demanding regulation.”
Jay Gandhi, CEO of EBR Analytics, added, “Culturally, RIMES is a great fit for us and our clients; the EBR Team can’t wait to get started on this new journey. RIMES understands that data management is the future of the financial services industry and is clearly committed to investing in people and technology that can deliver against client demands.”
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