Regnology Enters into Exclusive Talks to Acquire Invoke
Regnology, a leading software provider with a focus on regulatory reporting solutions, announces today it expects to sign a definitive agreement to acquire Invoke, a French-based provider of financial, regulatory, and tax reporting solutions for supervisory authorities, and reporting entities. On completion of the agreement, the deal would mark the fifth acquisition in less than a year for Regnology.
With 160+ full-time employees, Invoke serves over 1,800 regulated entities and supervisory authorities throughout Europe with its XBRL-based banking, insurance, and tax reporting solutions. Invoke’s corporate tax solution will complement Regnology’s financial tax reporting solution and open a new growth area for the company.
Rob Mackay, CEO of Regnology, comments: “The round of recent deals we have undertaken, culminating with today’s announcement, sets Regnology on an accelerated path for growth internationally. Invoke’s advanced solutions would complement our technology stack while its team’s deep knowledge of the French and Luxembourg markets, in particular, would strengthen our ability to deliver superior RegTech and tax reporting solutions on a wider scale.”
The contemplated acquisition would follow on the heels of Regnology’s acquisition of UK-based statistical SDMX reporting specialist Metadata Technology earlier this month. This strategic deal was preceded by the purchase of KPMG’s K-Helix reporting software business unit and the acquisition of Brussels-based reporting specialist b-fine in November 2022. In June 2022, Regnology announced a deal to acquire PwC UK’s Tax Information Reporting (TIR) software business.
“The acquisition of Vizor in 2021 was the founding step for the advent of Regnology. Combined with our organic growth, our M&A activity over the past 12 months continues to supercharge our business, significantly accelerating our international expansion and consolidating our RegTech and SupTech offering into a powerful integrated regulatory reporting platform,” said Bobby Rahman, Head of M&A for Regnology.
“We were impressed by the momentum of Invoke over the past two years under Raphael’s leadership. The proposed acquisition of Invoke would bring Regnology closer than ever to realizing our vision of providing the global community of regulators and regulated financial institutions with best-in-class, end-to-end solutions that can solve regulatory complexity with better data quality and unlock unprecedented efficiencies,” added Mackay.
Raphael de Talhouet, CEO of Invoke continued: “This proposed deal could come as a natural leap forward for Invoke. Regnology shares the same entrepreneurial vision and innovation focus ISAI Expansion and Sagard NewGen had when they acquired Invoke in 2021. Our regulatory and tax expertise, local knowledge, and advanced solutions would be a natural fit for Regnology, and we believe a combination would offer amazing growth opportunities.”
The contemplated acquisition is subject to further due diligence and conditions including information and consultation with Invoke’s works council, agreeing and executing any definitive agreement.
About Regnology
Regnology is a leading technology firm on a mission to bring safety and stability to the financial markets. With an exclusive focus on regulatory reporting and more than 34,000 financial institutions, 60 regulators, international organizations and tax authorities relying on our solutions, we’re uniquely positioned to bring greater data quality, efficiency and cost savings to all market participants. With over 850 employees in 15 countries and a unified data ingestion model powering our work, our clients can quickly implement and derive value from our solutions and easily keep pace with ongoing regulatory changes. Regnology was formed in 2021 when BearingPoint RegTech, a former business unit of BearingPoint Group, joined forces with Vizor Software, a global leader in regulatory and supervisory technology.
For more information about Regnology, connect with us on LinkedIn and Twitter.
Visit our website: www.regnology.net
About Invoke
Invoke is a French-based software vendor specializing in SaaS solutions dedicated to financial, tax and regulatory reporting. A leading player in the field of French tax management for large and mid-sized companies, Invoke has also established itself as a SaaS leader in RegTech and SupTech in Europe due to its innovative solutions for regulatory reporting and prudential supervision.
It’s cutting-edge expertise, particularly in XBRL and inline XBRL technologies, makes Invoke a preferred partner for national and supranational supervisory authorities, as well as for banks, insurers and company groups required to comply with national and European regulatory requirements, including CRD V, Solvency II and ESEF.
As an EDI partner of the French tax authority, (DGFiP), a founding member of XBRL France and a direct member of XBRL International, Invoke currently supports 1,800 customers in 34 countries.
To view this piece of content from cts.businesswire.com, please give your consent at the top of this page.
View source version on businesswire.com: https://www.businesswire.com/news/home/20230529005204/en/
Contact information
Mireille Adebiyi
Chief Marketing Officer, Regnology
mireille.adebiyi@regnology.net
About Business Wire
Subscribe to releases from Business Wire
Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Business Wire
Takeda’s Dengue Vaccine Recommended by World Health Organization Advisory Group for Introduction in High Dengue Burden and Transmission Areas in Children Ages Six to 16 Years3.10.2023 22:50:00 CEST | Press release
Takeda (TSE:4502/NYSE:TAK)today announced that the World Health Organization’s (WHO) Strategic Advisory Group of Experts (SAGE) on Immunization shared recommendations for use of QDENGA®▼ (Dengue Tetravalent Vaccine [Live, Attenuated]) (TAK-003). In the coming months, the WHO will consider the SAGE recommendation and update its position paper on dengue vaccines to include final guidance on the use of QDENGA in public vaccination programs. SAGE made the following recommendations: The vaccine to be considered for introduction in settings with high dengue disease burden and high transmission intensity to maximize the public health impact and minimize any potential risk in seronegative persons. The vaccine to be introduced to children aged 6 to 16 years of age. Within this age range, the vaccine should be introduced about 1-2 years prior to the age-specific peak incidence of dengue-related hospitalizations. The vaccine should be administered in a 2-dose schedule with a 3-month interval betw
Verimatrix To Showcase Cybersecurity Solutions at GovWare 20233.10.2023 17:45:00 CEST | Press release
Regulatory News: Verimatrix, (Euronext Paris: VMX), the leader in powering the modern connected world with people-centered security, today announced it will highlight its Extended Threat Defense (XTD) technologies at GovWare 2023 taking place October 17-19 at Singapore’s Sands Expo and Convention Centre. Located in GovWare booth C19, Verimatrix will offer hands-on demonstrations as well as customer success stories for its portfolio of award-winning XTD cybersecurity solutions that enable mobile app developers to harness the latest protections against hackers seeking to use mobile apps and websites as tools to attack enterprises. GovWare 2023 promises yet another invigorating event where knowledge, ideas, insights and technologies will be shared among cybersecurity leaders and innovators. Under the theme “Fostering Trust Through Collaboration in the New Digital Reality,” GovWare 2023, a part of the renowned Singapore International Cyber Week (SICW), is set to deliver transformative insi
Evolve Additive Solutions Announces Strategic Partnership with alphacam to Provide STEP Parts Production in Europe3.10.2023 16:00:00 CEST | Press release
Evolve Additive Solutions, provider of industrial 3D printing solutions and inventor of the transformative Selective Thermoplastic Electrophotographic Process (STEP), announces a strategic partnership with alphacam GmbH to offer STEP-manufactured parts as a service to customers throughout Europe. STEP is a groundbreaking additive manufacturing technology that addresses the manufacturing constraints in accuracy, scalability and engineering-grade materials by other technologies in market today. alphacam will combine its deep industry expertise, vast experience in printing plastic parts, and strong customer relationships with its adoption of Evolve’s Scaled Volume Production (SVP) platform to produce and deliver fully dense, high-fidelity thermoplastic parts with near injection molding surface finish and properties. This marks the 2nd partnership of this kind introduced by Evolve as part of its mission to establish STEP production centers of excellence around the world – ultimately to inc
Axius Water acquires Triplepoint Environmental, a leader in transforming wastewater lagoons3.10.2023 15:39:00 CEST | Press release
Axius Water announced today that it has acquired Colorado-based Triplepoint Environmental, a leading supplier of wastewater lagoon systems for rural communities. Axius Water is a portfolio of businesses focused on improving the effectiveness of water and wastewater treatment for industrial and municipal customers. The acquisition of Triplepoint complements Axius Water’s established expertise in nutrient management and further expands the company’s capabilities in lagoon technology. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20231003371312/en/ Founded in 2007, Triplepoint provides high-performing, high-value lagoon solutions for industrial and municipal customers across the U.S. and Canada. Triplepoint’s innovative lagoon technologies, including its flagship Ares Aerator solution, utilize existing infrastructure to ease the financial burden of upgrades while reinventing lagoons to meet new, more stringent effluent limits. A
Economist Impact Research Finds 85% of Organizations’ Ability to Adapt Falls Short3.10.2023 15:00:00 CEST | Press release
Planview, a global leader in Portfolio and Value Stream Management, today announced the findings of a global study, “Bridging the gap: turning strategy into reality,” conducted by Economist Impact, the research arm of The Economist,and commissioned by Planview. The study uncovers common disconnects in strategy implementation leading to failures in critical digital initiatives. The findings show a stark reality: if businesses do not accelerate efforts to close the gap between strategy and action, the consequences are significant: wasted work, sunk costs, failed digital transformations, and the threat of becoming obsolete. “With economic uncertainties, market disruptions, the rapid advancement of technologies like AI, and the growing digitalization imperative impacting every industry, the pace of change and complexity of decision-making is growing exponentially. Organizations across the globe are experiencing the realities of ‘adapt, evolve, or die.’ Yet only 15% of executives are confid
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.
Visit our pressroom