UK-based Cube acquires The Hub

London, UK-based Automated Regulatory Intelligence (“ARI”) company, Cube acquired The Hub. The company announced the acquisition on January 11, 2023. However, it did not disclose the amount of the transaction.

Purpose of acquisition by Cube

With the latest acquisition of The Hub, Cube seeks to further it’s capabilities and market reach to provide the most innovative solutions to regulated firms across the globe. Moreover, Cube intends to seamlessly integrate The Hub technology with its market-leading RegPlatform. The integration seeks to provide additional capabilities for customers to automate their regulatory compliance processes, reducing risk and compliance operating costs. 

What the Cube’s official has to say

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.”

He further added, “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.”

What The Hub official has to say

Juned Jable, The Hub Co-Founder & CEO, said, “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.”

About the company

Ben Richmond launched Cube in 2011. CUBE is a global RegTech provider empowering regulated financial institutions to meet compliance challenges head-on. The company’s meaningful AI-driven regulatory intelligence covers 5,000 issuing bodies with 180 jurisdictions and 60 languages. The acquisition follows CUBE’s recent strategic growth investment from Bregal Milestone. With the investment, the company seeks to support its next phase of growth for further geographical expansion and to extend its technology edge. Meanwhile, the company boast offices as well as operations across Europe, North America, Asia, and Australia.

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