Clausematch is a leading RegTech company supporting some of world’s leading institutions across Financial Services, FinTechs, Insurers, and other highly regulated industries. Clausematch’s proprietary SaaS platform ensures these companies achieve the highest levels of regulatory compliance and governance in an increasingly complex environment, while supporting sustainable growth, reducing costs and avoiding costly fines and reputational damage.
This strategic acquisition redefines the RegTech market by creating an unrivalled platform that provides comprehensive regulatory risk solutions to many global Tier 1 organisations. It will support an 80-strong client base that includes 14 of the world’s top 50 banks and allows them to stay ahead of the growing regulatory demands using advanced metadata and AI models that enable intelligent tagging and mapping of regulatory documents and policies.
Evgeny Likhoded, founder and CEO of Clausematch, who will now take on the role of President of Corlytics said:
“We are incredibly proud to join forces with Corlytics on the next stage of our journey. Our clients have been asking for the integration of regulatory content into our platform for a long time. By combining and accelerating our products and client relationships, we will drive a revised compliance operating model and unlock new value for our esteemed clients, redefining the RegTech landscape.
Through the combined products, our clients will be able to show to the regulator how a regulatory change is assessed, implemented and communicated internally and be able to provide compliance attestations in a single platform. It’s a first-of-a-kind offering that does not exist today and it will change how financial services firms manage compliance.”
CEO of Corlytics, John Byrne, said:
“As Corlytics’ second acquisition of the year, this deal marks a new milestone in the growth journey of our platform. We are thrilled to incorporate Clausematch into the next level of growth and welcome Evgeny Likhoded as our new President. We look forward to bringing the RegTech industry to the next level of maturity – providing a one-stop-shop RegTech solution that meets and exceeds evolving regulatory needs.”
Quantuma’s Corporate Finance Managing Director, Adrian Howells said:
“We are delighted to have advised Evgeny and his team on the sale of Clausematch to Corlytics. He has built an exceptional business delivering genuinely important and valued solutions to its clients in an increasingly complex regulatory landscape. The transaction is an excellent outcome for all parties involved and it has been a pleasure to advise on it. We wish Evgeny and John the best of luck for the future and eagerly look forward to seeing the combined success of the two companies as they lead the way in the RegTech market.”