CUBE Enhances Regulatory Intelligence with Thomson Reuters Acquisition and Oden Integration
On January 2, 2025, CUBE announced the successful completion of its acquisition of the Thomson Reuters Regulatory Intelligence and Oden businesses, marking a strategic milestone in its journey to be a frontrunner in Automated Regulatory Intelligence (ARI). By integrating these well-established global businesses, CUBE is poised to enhance its capabilities significantly, thus serving an expanding customer base across multiple sectors, including banking, insurance, and investment management.
With the acquisition finalized on December 31, 2024, CUBE anticipates that its clientele will swell to approximately 1,000, encompassing leading financial institutions and regulators. Ben Richmond, founder and CEO of CUBE, stated, "This completion highlights our commitment to growth this year, a path complemented by strategic partnerships and other acquisitions. The synergy between CUBE's AI technology and the industry-leading regulatory insights from Thomson Reuters is what sets us apart."
Richmond emphasized that CUBE will harness the expertise of Thomson Reuters' subject matter specialists alongside its AI capabilities. This powerful combination aims not only to drive efficiency but also to enhance innovation within the regulatory landscape. The integration will allow clients to leverage CUBE's SaaS RegPlatform™, further driving regulatory compliance and risk management.
In 2024, CUBE made notable strides, including a partnership with Hg and the acquisition of Reg-Room, resulting in a robust growth trajectory both in the enterprise and mid-market segments. The enterprise sector alone now boasts over 200 customers, while nearly 800 small and medium-sized enterprises are benefitting from CUBE’s innovative solutions. This dynamic growth is representative of the increasing demand for automated regulatory intelligence tools.
CUBE's expansion strategy also saw it fortify its global footprint by establishing offices in six main hubs. This global presence will enhance customer support and implementation services, doubling its workforce to nearly 700 employees, with representation in 15 countries. However, it's not just about numbers; the company is focused on fostering a culture that prioritizes innovation and excellence as it expands.
Looking forward to 2025, Richmond expressed excitement about welcoming new colleagues from the acquired businesses. He stated, "We are eager to focus on further automating compliance processes and risk management systems for our clientele. We believe this acquisition heralds a new era for CUBE as we push the boundaries of regulatory intelligence."
Originally announced in May 2024, the definitive agreement’s terms were kept under wraps, but the impact on CUBE’s operational capacity and market position is clear. As financial institutions increasingly turn to technology-driven solutions to navigate complex regulatory environments, CUBE's advancements in regulatory intelligence are set to provide vital tools for compliance and risk management that meet the demands of an ever-evolving market.
As the regulatory landscape continues to grow in complexity, the combination of CUBE’s AI capabilities with Thomson Reuters' profound industry knowledge positions CUBE uniquely as a leader in transforming how businesses approach regulatory challenges. The firm’s commitment to innovation and customer-centric approaches, backed by a robust team, suggests that CUBE is not just preparing for growth in 2025 but is actively reshaping the future of regulatory compliance and risk management.
With the acquisition finalized on December 31, 2024, CUBE anticipates that its clientele will swell to approximately 1,000, encompassing leading financial institutions and regulators. Ben Richmond, founder and CEO of CUBE, stated, "This completion highlights our commitment to growth this year, a path complemented by strategic partnerships and other acquisitions. The synergy between CUBE's AI technology and the industry-leading regulatory insights from Thomson Reuters is what sets us apart."
Richmond emphasized that CUBE will harness the expertise of Thomson Reuters' subject matter specialists alongside its AI capabilities. This powerful combination aims not only to drive efficiency but also to enhance innovation within the regulatory landscape. The integration will allow clients to leverage CUBE's SaaS RegPlatform™, further driving regulatory compliance and risk management.
In 2024, CUBE made notable strides, including a partnership with Hg and the acquisition of Reg-Room, resulting in a robust growth trajectory both in the enterprise and mid-market segments. The enterprise sector alone now boasts over 200 customers, while nearly 800 small and medium-sized enterprises are benefitting from CUBE’s innovative solutions. This dynamic growth is representative of the increasing demand for automated regulatory intelligence tools.
CUBE's expansion strategy also saw it fortify its global footprint by establishing offices in six main hubs. This global presence will enhance customer support and implementation services, doubling its workforce to nearly 700 employees, with representation in 15 countries. However, it's not just about numbers; the company is focused on fostering a culture that prioritizes innovation and excellence as it expands.
Looking forward to 2025, Richmond expressed excitement about welcoming new colleagues from the acquired businesses. He stated, "We are eager to focus on further automating compliance processes and risk management systems for our clientele. We believe this acquisition heralds a new era for CUBE as we push the boundaries of regulatory intelligence."
Originally announced in May 2024, the definitive agreement’s terms were kept under wraps, but the impact on CUBE’s operational capacity and market position is clear. As financial institutions increasingly turn to technology-driven solutions to navigate complex regulatory environments, CUBE's advancements in regulatory intelligence are set to provide vital tools for compliance and risk management that meet the demands of an ever-evolving market.
As the regulatory landscape continues to grow in complexity, the combination of CUBE’s AI capabilities with Thomson Reuters' profound industry knowledge positions CUBE uniquely as a leader in transforming how businesses approach regulatory challenges. The firm’s commitment to innovation and customer-centric approaches, backed by a robust team, suggests that CUBE is not just preparing for growth in 2025 but is actively reshaping the future of regulatory compliance and risk management.
Topics Financial Services & Investing）
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