Regnology, a Frankfurt, Germany-based software provider with a focus on regulatory reporting solutions, acquired Invoke, a Paris, France-based provider of financial, regulatory, and tax reporting solutions for supervisory authorities, and reporting entities
The amount of the deal – which is subject to further due diligence and conditions including information and consultation with Invoke’s works council, agreeing and executing any definitive agreement – was not disclosed.
With the acquisition, Invoke’s corporate tax solution will complement Regnology’s financial tax reporting solution and open a new growth area for the company.
Led by CEO Raphael de Talhouet, Invoke is a software provider specializing in SaaS solutions dedicated to financial, tax and regulatory reporting. As a player in the field of French tax management for large and mid-sized companies, Invoke has also established itself as a SaaS which specializes in RegTech and SupTech in Europe due to its solutions for regulatory reporting and prudential supervision.
With 160+ full-time employees, Invoke serves over 1,800 regulated entities and supervisory authorities throughout Europe with its XBRL-based banking, insurance, and tax reporting solutions.
Led by CEO Rob Mackay, Regnology is a technology firm that works to bring safety and stability to the financial markets. With an exclusive focus on regulatory reporting and more than 34,000 financial institutions, 60 regulators, international organizations and tax authorities relying on its solutions, the company brings data quality, efficiency and cost savings to market participants. With over 850 employees in 15 countries and a unified data ingestion model, its clients can implement and derive value from its solutions and keep pace with ongoing regulatory changes.
FinSMEs
30/05/2023