EQS Group expanding rapidly in Europe
EQS Group AG, a global regtech, is continuing its rapid expansion in the compliance market. The Munich-based cloud provider is expanding into Italy and Spain effective early 2021 with future offices planned in Milan and Madrid.
In addition EQS has grown sales and marketing teams in all existing locations in recent months in a move to become the leading provider of digital compliance solutions in Europe.
With new locations in Southern Europe, EQS Group is continuing a strategy which has proven successful in Germany, London, Paris and Zurich: "Once again we want to send a clear signal and be close to national regulation in Milan and Madrid. This makes us the only listed European provider that combines industry-leading technology for digital whistleblowing systems with local teams and on-site support. In doing this we are fully supporting medium-sized companies, large corporations and public institutions according to their individual needs in their implementation of the new EU Whistleblower Directive," explains Marcus Sultzer, Member of the Management Board at EQS Group AG.
The EU Whistleblower Directive (Directive (EU) 2019/1937) is a key driver for EQS Group AG's growth over the coming years. EU member states have until 17 December 2021 to implement this Directive into their national law, obliging companies with 250 or more employees to introduce an internal reporting channel. Tens of thousands of organisations across Europe including cities and municipalities, public institutions and associations, public authorities and hospitals, are thus compelled to meet the requirements of the Directive and provide a whistleblowing system for their employees. This move is intended to strengthen integrity and transparency in the private sector as well as in public institutions throughout Europe. EQS Group has positioned itself optimally for this market potential.
EQS Group previously acquired Danish whistleblowing system provider Got Ethics A/S, thus also positioning itself in the market for whistleblowing solutions in Denmark, Norway, Sweden and Finland. In addition, the Group has taken a 23 per cent stake in the Bonn-based SaaS provider for policy management, C2S2 GmbH.
"Transparency promotes trust and contributes to the long-term growth of the company. We believe strongly in this and we have been translating this conviction into cloud-based RegTech software products since the foundation of EQS Group 20 years ago. We have already successfully implemented our vision for the Compliance COCKPIT in our investor relations field, bundling the most important workflows into one single platform. Our geographic expansion is just one step of many in our expansive growth course to become the leading European cloud provider for corporate compliance by 2025," says Achim Weick, Founder and CEO of EQS Group AG.
"As a compliance manager, I think it's important to know what's going on in my company so that I can learn from it. After all, it's better to learn about a problem early and then be able to prevent something worse than to be informed too late. Even during the first few months, helpful reports were received via the "PUMA SpeakUp! platform." So far, most of the tips have been sent anonymously. But I don't find that surprising, because it takes courage to make a report," says Kristina Schmieg, Senior Manager Compliance at Puma SE.
"At Alitalia, we value our employees and stakeholders as important contributors for creating transparency and trust within our organisation and beyond. EQS Group not only provided us with a safe and fitting whistleblowing system, they also made sure all parties were informed and guided through the process from A to Z. This has really helped us to establish this very important part of our corporate culture. We don't want to miss it," says Giorgio Casana, Vice President Enterprise Risk Management & Internal Audit at Alitalia.
"We especially like the anonymity and security features which definitely encourage whistleblowers to contact us. EQS Group helped us establish a system enhancing trust and transparency amongst our employees. The case management is intuitive and efficient which helps us to deal with every hint we receive in a timely manner," says Anabel Casahuga, Chief Compliance Officer at Abertis Infraestructuras.