Irish regulatory risk intelligence firm Corlytics has acquired UK-based regtech company Clausematch, merging their capabilities to enhance regulatory compliance solutions. The acquisition expands Corlytics’ offerings and client base, positioning them as a strategic partner in addressing regulatory technology challenges.
Facts
- Irish regtech firm Corlytics has acquired UK-based regtech company Clausematch to strengthen their regulatory compliance solutions.
- Clausematch’s Software-as-a-Service (SaaS) platform for creating and managing regulatory documents and policies will be integrated with Corlytics’ regulatory data and analytics technology.
- The expanded offerings of the Corlytics Group cover the regulatory management value chain, including regulatory monitoring, change management, policy management, and attestation.
- The acquisition adds 80 clients to the Corlytics Group, including prominent organizations like ING and SwissRe, along with 14 of the top 50 banks in the industry.
- Clausematch founder and CEO, Evgeny Likhoded, becomes the newly-appointed Corlytics president, responsible for solving clients’ regulatory technology issues and managing the group’s solutions portfolio.
- Corlytics founder and CEO, John Byrne, will lead the enlarged group’s growth strategy, profitability, and vision as CEO.
- This marks Corlytics’ second acquisition in 2023, following their purchase of ING SparQ earlier in the year, aligning with the projected growth of the global regtech market.
