Verified Group makes its third acquisition in just over a year and welcomes GRC WATCH to the group. In the spring of 2023, Verdane stepped in as owner and Verified acquired Assently and Pliance. The strategy is to continue to grow the company organically and through important acquisitions.
‘’I’m so passionate about our product, our network and it feels exciting to become part of a group with products that really complement our offering. It felt right when we met Verified’s team and when we realized what we can do together, especially when it comes to due diligence of different types of suppliers. Together we’ll be able to grow faster both inside and outside the financial industry,’’ comments Linda Hellström, founder, GRC WATCH.
GRC WATCH strengthens the group’s offering in the Regtech area through its portal for Due Diligence, i.e. supplier assessments.
‘’It feels so good and at the same time completely natural to welcome GRC WATCH to Verified Group. They’re a clear player with a really smart product. The acquisition is completely in line with our ambition to develop solutions and simplify processes for companies that are looking for solutions in the Regtech area, both in the Nordic region and in Europe,'' says Tommy Jarnemark, CEO, Verified Group.
‘’Regtech is a strongly growing vertical and we see how the interest is increasing throughout Europe. It’s a very exciting area where the tougher legal requirements already set the agenda for many European companies. And the pressure will only increase in the coming years. Verified is well positioned to grow with the help of its end-to-end platforms. That’s why we’re incredibly excited to be part of the growth journey that Verified Group is facing, and we see many M&A opportunities in the coming time,'' says Nils Vold, Partner at Verdane.
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GRC WATCH is a Regtech company with a network of companies from 42 countries. The company was founded by compliance experts with long experience in the financial industry. Since 2017, financial institutions have shared information in this network in connection with due diligence and KYC. The company also helps them to document their risk assessments of counterparties and customers. The company’s customers include, for example, leading banks, asset management companies and institutional investors.
Verified Group is an industrial aggregator within Regtech. The companies in the group help their more than 4000 customers in the Nordic region and Europe with products and digital solutions connected to the EU directives AMLD (Anti-Money Laundering), CSDDD (Third-party assessment) and eIDASD (Contract Lifecycle Management).
