CUBE Completes Acquisition of Thomson Reuters Regulatory Intelligence
Deal News | Jan 02, 2025 | PR Newswire Cision CUBE
CUBE, a leader in Automated Regulatory Intelligence, announced the completion of its acquisition of Thomson Reuters Regulatory Intelligence and Oden businesses on December 31, 2024. This acquisition expands CUBE’s customer base and enhances its RegBrain AI capabilities, bringing significant scale to its SaaS RegPlatform. This deal is a major milestone for CUBE, which has seen important developments this year, including a strategic partnership with Hg and previous acquisitions like Reg-Room. CUBE’s presence in the enterprise sector strengthened, serving around 40% of Tier 1 financial institutions, and its mid-market reach has grown to cover nearly 800 customers. The company has established offices across six main hubs, doubling its employee count to about 700, and increasing its geographic footprint, now operating in 15 countries.
Sectors
- Regulatory Intelligence
- Financial Services
- Technology
Geography
- United Kingdom – CUBE is headquartered in London, making the UK its primary geographic focus.
- United States – The acquisitions of Thomson Reuters businesses, majorly based in the US, highlight its significance.
Industry
- Regulatory Intelligence – The acquisition involves businesses that provide regulatory analysis and compliance solutions, which fits within the regulatory intelligence sector.
- Financial Services – CUBE's expanded customer base includes banking, insurance, and asset management, sectors part of the broad financial services industry.
- Technology – The use of AI and SaaS in CUBE’s offerings places the company within the technology industry.
Financials
- Not Disclosed – The terms of the acquisition between CUBE and Thomson Reuters businesses were not disclosed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| CUBE | Bidding Company | Companies | CUBE is a global leader in Automated Regulatory Intelligence and Regulatory Change Management. |
| Thomson Reuters Regulatory Intelligence and Oden | Target Company | Companies | These businesses provide regulatory analysis and subject matter expertise, known for their world-leading journalism and news. |
| Ben Richmond | CEO of CUBE | People | Ben Richmond is the founder and CEO of CUBE. |
| Hg | Strategic Partner | Companies | Hg is a private equity firm that has formed a strategic partnership with CUBE. |