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Corlytics eyes expansion on back of first acquisition

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Irish regtech firm has acquired SparQ from Dutch company from ING for €5m

Corlytics, the regulatory tech company, has made its first acquisition, snapping up SparQ in a €5 million deal as it prepares to expand its compliance offering to companies outside of the financial services sector.

Founded by John Byrne in 2013, Corlytics has developed software which provides relevant information and analytics to financial institutions to identify and determine regulatory risk. The company has been expanding beyond its core market, with clients including Amazon, PayPal and Stripe, ...

 

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