Automated regulatory intelligence provider CUBE has announced its acquisition of The Hub, which offers artificial intelligence (AI) solutions for the capture and monitoring of unstructured data in the regulatory internet space.
CUBE aims to help customers reduce their manual processes around regulatory obligations, identifying, predicting and mitigating risks and reducing costs.
Through the acquisition, CUBE states that it will be able to expand its global market reach and offer a greater variety of services. The Hub’s technology will be integrated into CUBE’s RegPlatform, providing a wider range of compliance tools to clients.
The announcement follows Bregal Milestone’s recent investment in CUBE, made with the company’s growth and development in mind.
Ben Richmond, CEO and founder of CUBE, says: “The acquisition of The Hub marks the first in what is expected to be a number of purposeful acquisitions for CUBE. The Hub’s team and solutions are best-in-class and represent many synergies with CUBE’s own capabilities.”
Juned Jable, co-founder and CEO of The Hub, comments: “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 the undisputed market leader.”
