US-based RIMES Technologies has acquired EBR Analytics, a London-based benchmark regulation (BMR) focused regulatory technology (regtech) company, for an undisclosed price.

The acquisition is said to confirm RIMES Technologies’ commitment to invest in catering to the requirements of financial sector companies of addressing business-critical regulatory challenges with advanced, data-centric managed services.

RIMES Technologies, through the acquisition, adds EBR Analytics’ solution to its BMR compliance suite called RIMES RegFocus BMR.

Christian Fauvelais – RIMES Technologies CEO said: “EBR Analytics is a well-known and trusted brand in the RegTech market, which is a strategic growth market for RIMES.

“This acquisition allows us to enhance our BMR service suite and further help firms as they look to comply with this complex and demanding regulation.”

The EBR Analytics brand will fold into RIMES Technologies and its team will continue to operate under the latter’s leadership.

Since 2016, RIMES Technologies has been engaged in RegTech for the buy-side and during this time, EBR Analytics has focused on the sell-side. Through the acquisition, RIMES Technologies will improve its position as one of the top BMR solution provider across the financial services sector.

Jay Gandhi – CEO of EBR Analytics said: “Culturally, RIMES is a great fit for us and our clients; the EBR Team can’t wait to get started on this new journey.

“RIMES understands that data management is the future of the financial services industry and is clearly committed to investing in people and technology that can deliver against client demands.”

  Christian Fauvelais, EBR Analytics, Jay Gandhi, London, regulatory technology, RIMES Technologies, United Kingdom