Regulatory data provider CUBE has acquired The Hub, a provider of AI-powered technology for capturing unstructured data across the regulatory internet. This acquisition follows less than six months after CUBE landed an investment from Bregal Milestone, and CUBE’s leadership believes this is just the start.
The Hub’s technology will be integrated with CUBE’s existing RegPlatform product, furthering CUBE’s capabilities and market reach to provide the most innovative solutions to regulated firms across the globe, CUBE said in a news release.
“The acquisition of The Hub marks the first in what is expected to be a number of purposeful acquisitions for CUBE as a consolidator of regulatory compliance focused firms and technologies in what is a highly fragmented RegTech market,” said Ben Richmond, CUBE’s CEO and founder. “The Hub’s team and solutions are best in class and represent many synergies with CUBE’s own capabilities.”