About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

Compliance Automation Provider Ascent Technologies Acquired by Edgewater Equity Partners

Subscribe to our newsletter

Ascent Technologies, a Chicago-based provider of AI-driven compliance automation, has been acquired by Edgewater Equity Partners, a private equity firm in Boston. The acquisition aims to accelerate development of Ascent’s compliance automation platform and enhance its value proposition to customers.

The acquisition is a strategic move for Edgewater Equity Partners, which acknowledges Ascent’s capability in AI-driven technology that simplifies and streamlines regulatory compliance processes and plans to accelerate the company’s innovation trajectory by providing it with additional resources to enhance the platform and expand market presence.

“We welcome the Edgewater Equity Partners team as our strategic partner,” says Chris Junker, CEO of Ascent. “Its track record of growing companies of our size is impressive, and its experience will be invaluable as we continue to expand our footprint in the compliance technology landscape.”

Edgewater Equity Partners managing partner, Joe Bradley, adds: “We were drawn to Ascent by its ability to help companies solve their most critical compliance challenges. Ascent’s commitment to innovation offers tremendous potential to advance AI-driven compliance automation.”

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: GenAI and LLM case studies for Surveillance, Screening and Scanning

As Generative AI (GenAI) and Large Language Models (LLMs) move from pilot to production, compliance, surveillance, and screening functions are seeing tangible results – and new risks. From trade surveillance to adverse media screening to policy and regulatory scanning, GenAI and LLMs promise to tackle complexity and volume at a scale never seen before. But...

BLOG

Audit-Ready AI: How Fenergo Is Redefining Financial Crime Compliance

Regulators are losing patience. In the first half of 2025, global financial institutions were hit with fines totalling $1.23 billion, a 417% increase on the same period the year before. Sanctions failures alone surged from $3.7 million in H1 2024 to $228.8 million this year, underscoring just how closely watchdogs are monitoring AML, KYC and...

EVENT

RegTech Summit London

Now in its 9th year, the RegTech Summit in London will bring together the RegTech ecosystem to explore how the European capital markets financial industry can leverage technology to drive innovation, cut costs and support regulatory change.

GUIDE

The DORA Implementation Playbook: A Practitioner’s Guide to Demonstrating Resilience Beyond the Deadline

The Digital Operational Resilience Act (DORA) has fundamentally reshaped the European Union’s financial regulatory landscape, with its full application beginning on January 17, 2025. This regulation goes beyond traditional risk management, explicitly acknowledging that digital incidents can threaten the stability of the entire financial system. As the deadline has passed, the focus is now shifting...