LONDON–(BUSINESS WIRE)–CUBE, a global leader in Automated Regulatory Intelligence (“ARI”), today announced the acquisition of The Hub, a leading RegTech company providing highly innovative artificial intelligence solutions for the capture and surveillance of unstructured data on the regulatory Internet.
As global regulations continue to rapidly evolve, businesses increasingly need more effective ways to monitor their regulatory obligations, as well as predict and mitigate compliance risks. CUBE is committed to providing the industry’s most advanced regulatory compliance technology to enable its customers to transform manual processes and base their strategies on a proven, purpose-built platform. The acquisition of The Hub will strengthen CUBE’s capabilities and market reach to provide the most innovative solutions to regulated companies around the world.
CUBE will seamlessly integrate The Hub technology with its market-leading RegPlatform to provide customers with additional capabilities to automate their regulatory compliance processes, reducing compliance risk and operating costs. The acquisition follows Bregal Milestone’s recent strategic growth investment in CUBE to support CUBE’s next phase of growth for further geographic expansion and to extend CUBE’s technology advantage.
CUBE Founder and CEO Ben Richmond commented: “The acquisition of The Hub marks the first of what should be a number of targeted acquisitions for CUBE as a consolidator of businesses and technologies focused on regulatory compliance in what is a highly fragmented RegTech market. The Hub’s team and solutions are best in class and represent many synergies with CUBE’s own capabilities.
Richmond continues: “The current macroeconomic environment creates uncertainty for less proven new market entrants, so it is all the more important that customers can be confident that they are choosing the right partner to support their long-term regulatory compliance strategy. CUBE’s vision and proven track record as a RegTech category leader for ARI and strategic supplier of choice for the world’s most regulated institutions, gives clients confidence that CUBE is here to partner with them for the long haul. term.
Juned Jable, co-founder and CEO of The Hub, adds: “We are excited about this next phase of our journey. We’ve partnered with CUBE for some time and see this as a natural next step to more closely align the two companies’ AI-focused regulatory technology. CUBE’s strategy will ensure that Hub’s employees, customers and partners are in safe hands and will benefit from additional investment from what is now clearly the undisputed market leader.
CUBE’s RegPlatform ARI transforms complex regulatory change management and compliance processes, enabling compliance teams to significantly reduce existing costs and move highly skilled people up the value chain while reducing risk . By capturing changing or emerging regulations and using AI to automatically enrich and map them to client policies, procedures and controls. CUBE’s solutions mean businesses are alerted to regulations that affect them, instantly freeing up compliance departments to focus on preventing non-compliance and ensuring good governance practices.
About CUBE
Born out of the 2008 financial crisis, Founder and CEO Ben Richmond led CUBE to become the world’s most comprehensive and robust source of AI-powered classified and meaningful regulatory intelligence with 5,000 issuing bodies spanning 180 jurisdictions and 60 languages. With operations across Europe, North America, Asia and Australia, CUBE serves a diverse and global base of customers and partners, including the world’s largest financial institutions that leverage RegPlatform of CUBE to streamline their complex regulatory change and compliance management processes. For more information, visit www.cube.global or follow us on LinkedIn.
About the Hub
Founded by Juned Jable and Jon Anthony in 2015, The Hub provides AI-powered web data capture and monitoring solutions to support compliance and regulatory requirements. Working with legal, financial and pharmaceutical companies and RegTech providers around the world, The Hub applies artificial intelligence techniques to huge volumes of unstructured data on the web with core skills that include subject-based classifications , relevance calculations, article versioning, indexing, and data analysis tools that enable streamlined delivery of new or updated regulatory content. For more information, visit www.thehub.ai or follow us on LinkedIn.