Geolocation and risk solutions supplier GeoComply has received compliance and licensing management firm OneComply, its first acquisition.
As fragment of the acquisition, GeoComply‘s customers will doubtless be able to exhaust OneComply’s location of instruments to total your whole licensing task from commence up to cancel, from initial applications for licences to genuine compliance management.
OneComply affords a centralised and automatic licensing compliance service, which simplifies the licensing task for those working in regulated markets.
The phrases of the acquisition weren’t disclosed.
Anna Sainsbury, co-founder and CEO of GeoComply mentioned that she changed into as soon as overjoyed to have accomplished the acquisition task, in particular as GeoComply is an existing OneComply buyer.
“From our first interactions with OneComply, now we were obsessed on the different to welcome them into the GeoComply family, and it affords me broad pleasure to have accomplished that task,” mentioned Sainsbury.
“Licensing organisations and key participants is excessive but most ceaselessly is a painful task for any entity working in regulated industries resembling gaming or fintech.”
“As an existing OneComply buyer, all of us know correct how much OneComply eases that pain, not correct for us but moreover for the regulators administering the strategy.”
Deal affords GeoComply “unparalleled” compliance capabilities
Sainsbury added that this could well per chance considerably encourage those working in the gambling industry, by offering a high usual of compliance.
“Including their licensing platform and skills to our portfolio of solutions will materially and cost-successfully befriend our existing and contemporary customers in the gaming and varied regulated industries cancel and achieve a brand contemporary gold usual in compliance and risk products and services,” she persevered.
“Together, we are able to have unparalleled capabilities to bolster the mission-excessive compliance needs of the gaming industry, including AML, KYC, licensing, geolocation, sanctions compliance, and fraud prevention skills.”
“GeoComply has continuously been an inspiration”
Cameron Conn, CEO and co-founding father of OneComply, mentioned that the acquisition held the different to present OneComply’s products and services to extra regulated industries abroad.
“As fellow Vancouver-based entirely entrepreneurs, GeoComply has continuously been an inspiration,” mentioned Conn. “Our co-founder Aaron Gould and I are immense obsessed on persevering with our hurry as fragment of the broader GeoComply group.”
“I am certain that together we are able to attract better and beef up our world-class compliance and licensing solutions for regulated industries world broad.”
