CUBE Acquires Thomson Reuters Regulatory Intelligence

Deal News | Jan 03, 2025 | PR Newswire Cision CUBE

CUBE, a leader in automated regulatory intelligence and regulatory change management, has finalized the acquisition of Thomson Reuters Regulatory Intelligence and Oden, as of December 31, 2024. This strategic move is part of CUBE’s ongoing expansion and growth strategy. Over the past year, CUBE has taken significant steps to extend its global footprint, including forming a strategic partnership with Hg, acquiring Reg-Room, and making crucial appointments to its board of directors and management team. The acquisition will enable CUBE to provide comprehensive services to a larger global client base, now expanded to approximately 1,000 clients across the banking, insurance, asset management, investment, and adjacent regulatory sectors. This acquisition complements CUBE’s continued organic growth and marks another milestone in its strategy to enhance its AI capabilities and deliver innovative solutions in regulatory compliance and risk management. The company has also grown significantly, now serving 200 enterprise clients and nearly 800 SME clients, with operational hubs across six major global locations.

Sectors

  • Regulatory Technology
  • Financial Services

Geography

  • United Kingdom – CUBE is headquartered in London, indicating the company's primary operational base and strategic focus.
  • Global – The acquisition extends CUBE's global reach, with hubs in multiple countries and a significant international client base.

Industry

  • Regulatory Technology – This acquisition is within the Regulatory Technology (RegTech) industry, focusing on regulatory intelligence and compliance management.
  • Financial Services – The broader client base that CUBE serves includes banks, insurance companies, asset management firms, and other financial institutions, indicating a strong link with the financial services industry.

Financials

  • Not disclosed – The financial terms of the acquisition were not disclosed.

Participants

NameRoleTypeDescription
CUBEAcquirerCompanyA leading company in automated regulatory intelligence and regulatory change management.
Thomson Reuters Regulatory Intelligence and OdenTarget CompanyCompanyBusiness units of Thomson Reuters known for sector-specific regulatory analysis and intelligence.
HgStrategic PartnerCompanyA private equity firm that has formed a strategic partnership with CUBE.
Ben RichmondCEOPersonFounder and CEO of CUBE, instrumental in driving the company's strategic growth initiatives.