ComplySci, a provider of regulatory technology and compliance products for the financial services sector, has begun its M&A growth strategy with the acquisition of National Regulatory Services. This marks the first acquisition by ComplySci following a $120 million growth equity investment from K1 Investment Management in June. NRS provides compliance consulting services and technology solutions for investment advisers, broker-dealers, hedge funds, private equity firms and insurers.
ComplySci helps compliance organizations identify, monitor, manage and report on conflicts of interest arising from code of ethics violations. The transaction is expected to enhance ComplySci’s ability to support its clients through the use of NRS’ hands-on expertise.
“When we received our recent equity growth investment of $120 million just over three months ago, we were excited to leverage the capital to add fuel to our growth through acquisitions as well as investments in our products and services,” said ComplySci CEO Amy Kadomatsu. “Our acquisition of NRS creates a truly differentiated offering of technology-driven, automated RegTech capabilities, combined with NRS’ hands-on personal compliance guidance based on 30-plus years of experience, insight and technical understanding.”