CUBE has announced its acquisition of Reg-Room, a prominent regulatory intelligence provider catering to the financial services sector.
This strategic move aims to further extend CUBE’s regulatory intelligence and horizon scanning capabilities, consolidating its position as an industry leader. The value of the deal has not been disclosed.
CUBE is a global leader in Automated Regulatory Intelligence (ARI) and Regulatory Change Management (RCM). It focuses on providing innovative solutions to the financial services industry to ensure regulatory compliance and manage risks effectively.
Founded by Nick Paraskeva and headquartered in New York City, Reg-Room is a leading regulatory intelligence provider serving the financial services industry. It offers regulatory change monitoring and analysis solutions, including flagship products like Reg-Track, Reg-Impact, and Regulatory Risk Report, which provide tailored, timely, and accurate alerts and summaries on crucial regulatory changes globally.
The acquisition strengthens CUBE’s sector leadership in financial services and aligns with its vision to pioneer an industry-defining regulatory compliance and risk platform. This strategic move follows CUBE’s recent partnership announcement with Hg, a prominent investor in European and transatlantic software and services providers.
Reg-Room’s expertise in regulatory summaries and analysis, combined with CUBE’s comprehensive content, technology, and AI platform, creates an unparalleled capability for financial firms worldwide. The integration aims to provide industry-leading automation, high-quality regulatory content, and enhanced customer value through a unified proposition.
Ben Richmond, founder and CEO of CUBE, expressed confidence in the acquisition, highlighting Reg-Room’s industry-leading client retention, innovative solutions, and high-quality proprietary regulatory summaries. He emphasized that combining Reg-Room’s strengths with CUBE’s RegPlatform and RegBrain AI automation would set new standards of excellence in regulatory compliance.
“We’re excited to join the CUBE team and bring our regulatory expertise to an even broader audience. Our mission has always been to provide our customers with the tools they need to navigate the complexities of regulatory compliance. Together with CUBE, we’re confident we can further transform the industry,” said Nick Paraskeva, founder of Reg-Room.
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