VERMEG Finalizes Sale of 'Agile' Regulatory Tech Division to Regnology

VERMEG Sells RegTech Division 'Agile' to Regnology

In a major strategic move, VERMEG, a prominent provider of software solutions for the financial services sector, announced the sale of its RegTech division, known as Agile, to Regnology—a well-respected name in regulatory compliance. The decision reflects VERMEG’s commitment to refining its focus on core competencies such as Collateral Management and Insurance.

For decades, VERMEG has established itself as a cornerstone in asset servicing, renowned for its extensive offerings in corporate actions, collateral management, mutual funds, and life insurance. With a robust reputation, it serves a diverse clientele of financial institutions globally.

A milestone in VERMEG’s evolution was marked by the 2018 acquisition of Lombard Risk. This acquisition not only facilitated VERMEG's entry into Anglo-Saxon markets but also solidified its position as a global leader in collateral management. The strategic alignment was beneficial, given the complementary nature of their product portfolios, and further enhanced by a center of expertise in Tunisia, crucial to VERMEG's growth trajectory.

Agile, the RegTech division that has now been sold, has played an essential role within VERMEG, accounting for around 10% of its workforce. Over time, Agile has developed into a premier modular and scalable SaaS platform, delivering comprehensive regulatory reporting solutions. Its capabilities have not only garnered industry acclaim but have also made it highly valuable in today’s complex regulatory landscape.

The acquisition by Regnology positions Agile for greater opportunities. Regnology stands as a leader in regulatory reporting, servicing over 35,000 financial institutions, and 70 regulatory bodies worldwide. The integration of Agile into Regnology is expected to enhance their service offerings and expand their international reach, capitalizing on the local expertise developed in Tunisia.

For VERMEG, this transaction is pivotal in refocusing its resources and efforts towards its foundational strengths. By channeling efforts into Collateral Management and Insurance, the company aims to drive further growth and enhance value for its clients. This strategic pivot is a clear demonstration of VERMEG's commitment to evolving its strategy and maintaining its leadership in financial technology.

Co-CEO and founder Badreddine OUALI emphasized the transaction’s alignment with VERMEG's sustainability and success vision. It allows the company to prioritize strategic initiatives within its remaining Banking Market Infrastructure and Insurance divisions, promising even more significant value addition for clients.

Founded in 1993, VERMEG operates in over 40 countries, catering to more than 500 blue-chip clients within the banking, insurance, and wealth management sectors. Its commitment to delivering high-quality software solutions has made it a reliable partner in the financial services sector. The company’s headquarters are located in Amsterdam, supported by a workforce of over 1,000 employees across various global locations.

On the other hand, Regnology’s reputation as a global provider of innovative regulatory solutions positions it uniquely within the industry. Its capabilities in supervisory and tax reporting make it a preferred choice for financial institutions aiming to navigate the evolving landscape of regulatory compliance.

In summary, this strategic sale not only signifies a new chapter for Agile under Regnology but also facilitates VERMEG’s concentrated push into its core areas, reinforcing its commitment to excellence in the financial technology domain. This transition is anticipated to create renewed momentum for both organizations as they embark on new paths toward growth and innovation in regulatory technology.