MyComplianceOffice (MCO), a global provider of a compliance management software platform, has acquired Pythagoras, a Swiss compliance software provider. The acquisition enables MyComplianceOffice and Pythagoras to combine their strengths and resources. This complements the existing product range, enables further developments and expands the company's presence in the global market.
The company MyComplianceOffice was founded in 2008. MCO is headquartered in Dublin, Ireland and has offices in the USA, EMEA and APAC. MCO serves well-known clients around the world with its portfolio.
The company specializes in Know Your Obligations (KYO), Know Your Business (KYB), Know Your Employee (KYE) and Know Your Trades (KYT).
"This move brings together our complementary strengths, both product-wise and geographically. Together, we will be able to offer more comprehensive and innovative compliance solutions globally, adding significant value to our clients."
Fabian Finke
CEO Pythagoras
The goal is the Integrated Compliance Product Suite
Pythagoras has agreed to the acquisition with the aim of becoming the world's leading provider of an Integrated Compliance Product Suite. The Pythagoras KYC and AML solutions complement the MCO portfolio perfectly. This means that MCO and Pythagoras Solutions together form a unique holistic platform for compliance requirements of all kinds. In addition, the corporate cultures and objectives are the same. Both MCO and Pythagoras put customer needs first and this acquisition will enable both companies to expand globally.
“We are excited to welcome Pythagoras Solutions to the MCO family,” said Brian Fahey, CEO of MCO. “This acquisition aligns perfectly with our mission to provide the most comprehensive and effective compliance solutions to our clients. Pythagoras Solutions’ technology and expertise will enhance our ability to serve our clients’ needs and support their compliance programs.”
What the acquisition means for customers
The acquisition is effective immediately. The two companies have initiated the process that will lead to the integration of their activities and products. This change will have no impact on Pythagoras' customers. Customers of both companies can expect a smooth transition and continued high standards of service and innovation. The dedicated Pythagoras team will remain in place for our customers. The account management team is available to answer any questions.
Press contact:
Christine M. Winkler
Marketing Communications Manager
Pythagoras Ltd.
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