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  6. AML RightSource Acquires QuantaVerse

M&A Deal Summary

AML RightSource Acquires QuantaVerse

On August 17, 2021, AML RightSource acquired information technology company QuantaVerse

Acquisition Highlights
  • This is AML RightSource’s 2nd transaction in the Information Technology sector.
  • This is AML RightSource’s 1st transaction in the United States.
  • This is AML RightSource’s 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2021-08-17
Target QuantaVerse
Sector Information Technology
Buyer(s) AML RightSource
Deal Type Add-on Acquisition

Target

QuantaVerse

Wayne, Pennsylvania, United States
QuantaVerse is a provider of robotic process automation (RPA) and machine learning solutions that uses advanced data science to automate and improve financial crime identification, alert investigations, and the documentation of investigation results. The QuantaVerse Financial Crime Platform reduces financial crime risk by identifying patterns and discerning anomalies that are regularly missed, increases efficiency by reducing false positives while speeding investigations, and lowers operational risks by delivering consistent, accurate, high-quality results. QuantaVerse was founded in 2014 and is based in Wayne, Pennsylvania.

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Buyer(S) 1

Buyer

AML RightSource

Cleveland, Ohio, United States
Category Company
Founded 2004
Sector Business Services
DESCRIPTION

AML RightSource provides an end-to-end solution focused on Anti-Money Laundering (AML), Bank Secrecy Act (BSA), Financial Crime Advisory (FCA), tech-enabled onboarding/Know Your Customer (KYC) and expert managed services. AML RightSource was founded in 2004 and is based in Cleveland, Ohio.

DEAL STATS #
Overall 4 of 4
Sector: Information Technology M&A 2 of 2
Type: Add-on Acquisition M&A Deals 4 of 4
State: Pennsylvania M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2021 M&A 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-06 Blue Umbrella

Hong Kong, China

Blue Umbrella is a volume compliance research company providing researched third-party due diligence and pre-employment screening reports. provider of due diligence research and innovative third-party compliance technologies. Combining global research excellence with disruptive RegTech SaaS solutions, Blue Umbrella serves multinational corporations working in technology, manufacturing, life sciences, defense/aerospace, agriculture, energy, finance, and consumer goods as well as top-tier investment banks. Blue Umbrella was founded in 2009 and is based in Hong Kong.

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