CUBE acquires The Hub to expand Regulatory Intelligence capabilities
By Gloria Methri
Automated Regulatory Intelligence (ARI) provider CUBE has acquired The Hub, a RegTech firm providing AI solutions for capturing and monitoring unstructured data across the regulatory internet. The acquisition will further CUBE’s capabilities and market reach to provide innovative solutions to regulated firms across the globe.
CUBE will integrate The Hub technology with its RegPlatform to provide additional capabilities for customers to automate their regulatory compliance processes while reducing risk and compliance operating costs.
The acquisition follows CUBE’s recent strategic growth investment from Bregal Milestone to support its geographical expansion and extend CUBE’s technology edge.
CUBE Founder & CEO, Ben Richmond, said, “The acquisition of The Hub marks the first in what is expected to be several 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 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.”
Juned Jable, The Hub Co-Founder & CEO, said “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.”
CUBE’s ARI RegPlatform transforms complex regulatory change management and compliance processes, enabling compliance teams to cut costs and move skilled individuals up the value chain whilst reducing risk.
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