Vermeg sees strong progress after rebrand 04 December 2018Amsterdam Reporter: Jenna Lomax
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Vermeg, the banking and insurance software solutions firm, has made strong progress following its acquisition of Lombard Risk, with its regulatory business signing more than 30 new customers in 2018.
The firm now has over 300 regulatory reporting customers, after renaming its brand, which was formally known as Lombard Risk.
Lombard Risk fully transitioned to the Vermeg brand in all of its operating countries on 1 October 2018.
Badreddine Ouali, chairman and CEO of Vermeg, said: “Vermeg acquired Lombard Risk as part of its long-standing strategy to develop its business in the risk and compliance area, which we have seen significantly enhance the business in terms of geography, capability and scale.”
He added: “We spent time working to identify the best business to acquire to complement our existing footprint and to add technical regulatory reporting strength to our strategic solutions portfolio.”
“I am thrilled that we have overachieved on our ambitions to grow our footprint in regulatory reporting with a record year for this business.”
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