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CUBE completes acquisition of Thomson Reuters Regulatory Intelligence and Oden to accelerate innovation

May 16, 2024over 1 year ago

Acquiring Company

Cube

Acquired Company

Thomson Reuters Regulatory Intelligence

LondonTorontoFintechFinanceArtificial Intelligence

Description

CUBE, a global leader in Automated Regulatory Intelligence (ARI) and Regulatory Change Management (RCM), has announced its acquisition of the Thomson Reuters Regulatory Intelligence and Oden products and businesses. This acquisition represents a major step forward in CUBE's growth plans, delivering significant scale across many of the world's leading and systemically important financial institutions. The combination of CUBE's purpose-built AI with the years of content curated by Thomson Reuters Regulatory Intelligence and Oden expert analysts will accelerate innovation, delivering regulatory transformation capabilities for global customers.

Company Information

Company

Cube

Location

London, England, United Kingdom

About

The company will also accelerate product development of its spreadsheet-native platform as businesses usher in a new era of holistic and collaborative planning across all departments. In the last year, the company has also added a number of forward-thinking companies to its customer roster, which includes Acorns, Hinge Health, Masterworks, Truepill, Wealthfront, and more. Founded in 1983, the firm backs companies at all stages, ranging from seed and early to growth and buyout, and invests globally from six strategic locations: Boston; San Francisco and Menlo Park, Calif.; Herzliya, Israel; London; and New York. By integrating FP&A automation and workflows into the tools users live in every day, including Excel and Google Sheets, Cube enables teams to quickly and confidently plan for the unexpected and stay ahead of changes. As companies of all sizes prioritize efficiency, Cube is the first spreadsheet-native FP&A platform that helps finance teams build multi-scenario plans, track performance, and stay ahead of changes using the spreadsheets they've come to rely on. "Cube is precisely what finance leaders need to think and act strategically during this time of market uncertainty when a 'Plan B' isn't good enough. Cube is the first spreadsheet-native FP&A platform that helps strategic finance teams build multi-scenario plans, track performance, and drive business decisions using the spreadsheets they've come to rely on.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed