The Hub, a top RegTech company offering extremely cutting-edge artificial intelligence solutions for gathering and keeping track of unstructured data throughout the regulatory internet, has been acquired by CUBE, a world leader in Automated Regulatory Intelligence (ARI).
Companies increasingly require more efficient ways to manage their regulatory duties, foresee and reduce compliance risk, and keep up with the fast evolution of global legislation. To help its clients change manual processes and build their plans on a tested, purpose-built platform, CUBE is dedicated to offering the sector’s most cutting-edge regulatory compliance solutions. By acquiring The Hub, CUBE will be able to offer the most cutting-edge solutions to regulated businesses all over the world.
To provide clients more possibilities to automate their regulatory compliance procedures and save risk and operational costs, CUBE will easily integrate The Hub technology with its market-leading RegPlatform. The purchase comes after Bregal Milestone recently invested strategically in CUBE’s growth to assist CUBE’s next stage of growth for more regional expansion and to strengthen CUBE’s technological advantage.
CUBE Founder & CEO, Ben Richmond, commented: “The acquisition of The Hub marks the first in what is expected to be a number of purposeful acquisitions for CUBE as a consolidator of regulatory compliance focused firms and technologies 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 macro environment creates uncertainties for newer, less proven market entrants so it is ever more important that customers can be confident in selecting the right partner to support their long term regulatory compliance strategy. CUBE’s vision and proven track record as the category defining RegTech leader for ARI and strategic provider of choice to the world’s most highly regulated institutions, gives customers assurance that CUBE is here to partner with them in the long term.”
Juned Jable, The Hub Co-Founder & CEO, adds: “We are excited by this next phase in our journey. We have partnered with CUBE for some time and see this as a natural next step in more closely aligning both firms AI-driven regulatory technology. CUBE’s strategy will ensure Hub’s employees, customers and partners are in safe hands and will benefit from further investment from what is clearly now the undisputed market leader.”
To provide clients more possibilities to automate their regulatory compliance procedures and save risk and operational costs, CUBE will easily integrate The Hub technology with its market-leading RegPlatform. The purchase comes after Bregal Milestone recently invested strategically in CUBE’s growth to assist CUBE’s next stage of growth for more regional expansion and to strengthen CUBE’s technological advantage.
