Verdane acquires majority stake in RegTech consolidator Corlytics

By Gloria Methri

Specialist growth investor Verdane has agreed to acquire a majority stake in Corlytics, a regulatory intelligence and policy compliance technology provider based in Ireland.

Corlytics and Verdane have partnered to support the RegTech company’s continued growth. Verdane will leverage more than 20 years of experience partnering with European software businesses and extensive expertise in RegTech to support Corlytics. The transaction was managed by investment bank Baird in a competitive process that saw significant market interest.

In addition to leveraging generative AI throughout workflows, Corlytics is plugged directly into international regulators, delivering an end-to-end compliance platform.

John Byrne, Corlytics’ founder and CEO, said, “Corlytics has successfully progressed in developing new products to improve our value proposition to Tier 1 clients globally. This investment from Verdane ensures Corlytics’ continued growing market leadership. We look forward to partnering with the Verdane team, and with their experience and expertise, we expect to accelerate organic growth and augment that with M&A activity. As well as investing significantly in our ‘intelligent content’ offering, combining data, software and AI, we will continue to lead the RegTech sector consolidation with more complementary acquisitions, following our recent transactions with Clausematch and ING SparQ.”

Nils Vold, Partner at Verdane, said, “Verdane is delighted to back John and his impressive team at Corlytics. This is a centrepiece majority investment from our newly raised €1.1 billion Edda III Fund. We are thrilled that John and Corlytics chose to partner with Verdane against very strong market interest in the business. We are an active and experienced investor in the RegTech sector, and we identified Corlytics as the global category leader in its field, helping banks and financial services companies manage their compliance obligations in a complex and fast-changing environment.”

As part of the Verdane investment and partnership, Corlytics has also expanded its board of directors, adding further expertise to support the company’s growth plans.