GeoComply pens first-ever M&A deal to acquire OneComply
Geolocation firm bolsters its compliance capabilities after snapping up licensing experts
GeoComply has acquired compliance specialist OneComply as it looks to bolster its offering across key regulated markets.
The undisclosed deal will see the geolocation firm snap up OneComply and add its licensing management platform to its system.
GeoComply said through the acquisition it would be able to offer a streamlined toolkit for its customers across igaming, fintech and other regulated industries.
OneComply is based in Vancouver and has a 14-strong team.
The firm currently boasts clients including Genius Sports, Strive Gaming and Underdog Fantasy.
Anna Sainsbury, GeoComply CEO, said the acquisition would allow the combined company to deliver “unparalleled capabilities” in the compliance space.
She remarked: “From our first interactions with OneComply, we have been excited about the opportunity to welcome them into the GeoComply family, and it gives me great pleasure to have completed that process.
“Adding their licensing platform and expertise to our portfolio of solutions will materially and cost-effectively help our existing and new customers in the gaming and other regulated industries achieve and maintain a new gold standard in compliance and risk services.”
Cameron Conn, OneComply CEO, said: “As fellow Vancouver-based entrepreneurs, GeoComply has always been an inspiration. Our co-founder Aaron [Gould] and I are super excited about continuing our journey as part of the broader GeoComply team.
“I am sure that together we will amplify and enhance our world-class compliance and licensing solutions for regulated industries around the globe.”