(Updated at 10:25 a.m. ET March 6.)
Compliance Week has been acquired by Verdian Insights from its previous owner, Wilmington, editor Ian Sherr announced in a March 4 article. Details of the purchase were not publicly available.
Verdian Insights, established in 2021, is a New York- and Connecticut-based company that acquires and develops governance, risk and compliance (GRC) solutions. Its founder and CEO is James Lindstrom, who according to his LinkedIn, is a veteran CEO and investment specialist.
Verdian also owns Financial Crime Academy, Education Workers Group, H5 Training and Merit Training, which offer a range of training and certifications, as well as GRC data and software companies Verdian Accelerator, Verdian Compliance and Smart Capital Scorecard.
Compliance Week’s current staffing is expected to remain in place, said Sherr, who became the publication’s editor-in-chief in August, and it is expected to remain located in Boston.
Sherr told CCI he’s excited for Compliance Week’s new chapter, particularly in light of the challenging state of the media industry.
“Someone who is really invested and cares about it will make a really great owner,” Sherr said.
Wilmington, a UK-based publishing firm, bought Compliance Week in 2013 from Haymarket Media Group in a deal worth a reported $11 million. Before that, the publication, founded in 2002, was owned by Financial Media Holdings Group, its original parent company.
