RegEd acquires financial services compliance technology business from NRS
RegEd, a provider of compliance, education, training and regulatory management solutions and services for insurance companies, broker-dealers, banks, and other financial services companies, has acquired the ComplianceMAX and FIRE Continuing Education businesses from National Regulatory Services (NRS), a provider of compliance and registration products and services for investment advisers, broker-dealers, hedge funds, investment companies and insurance institutions.
These additions expand RegEd’s capabilities and meet the needs of the broker dealer industry so they can be compliant with FINRA and SEC rules and regulations. NRS is owned by Accuity, part of RELX. The acquisition closed on 8 January, 2021.
RegEd’s enterprise technology solutions, representing the broadest compliance management and credentialing portfolio in the industry, have evolved across hundreds of implementations to deliver the most robust functional capabilities, a singular user experience and the ready ability to scale to meet client needs as they evolve. With the acquisition of ComplianceMAX and FIRE Continuing Education, RegEd strengthens its position in compliance management solutions that serve the financial services industry and further builds on its market and compliance expertise. RegEd is a Gryphon Investors portfolio company.
“We are very excited to welcome the employees of ComplianceMAX and FIRE Continuing Education to RegEd,” says John M Schobel, CEO and Founder of RegEd. "This acquisition combines the strengths of these two businesses in a unique, strategic fit with RegEd and further enables RegEd in its mission to provide market-leading compliance, education and training solutions to the industry.
“ComplianceMAX and FIRE Continuing Education have served financial services firms, including some of the nation’s largest broker dealers, for more than 20 years, and we are confident that their customers and the market will benefit from the combination with RegEd."
John Gebauer, NRS President, says: “I am confident that the ComplianceMax and FIRE Continuing Education customers, employees and products will flourish under RegEd and NRS will be in a position to sharpen its focus on the Investment Adviser and Investment Company customer segments.”
Terms of the transaction have not been disclosed.