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Cross-border advisory firm Quantuma has announced its advisory role in the sale of Clausematch, a RegTech company, to Ireland-based Corlytics.
The transaction was delivered by Adrian Howells, managing director, and George Fawcett, assistant manager, along with David Schreiter and Stephan Werner, both from Aethon Partners, and Rebecca Burford and Pei Li Kew, from Charles Russell Speechlys.
Clausematch is a RegTech company supporting institutions across financial services, FinTechs, insurers, and other highly regulated industries.
Clausematch’s SaaS platform helps companies achieve regulatory compliance and governance, while supporting sustainable growth, reducing costs and avoiding fines and reputational damage.
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.”
Likhoded continued: “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.”
John Byrne, CEO of Corlytics, added: “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.”
Adrian Howells, Quantuma’s corporate finance managing director, finished: “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.”
