Ascent Technologies, a Chicago-based vendor of AI-enabled compliance automation solutions, has acquired Waymark, a UK-based provider of horizon scanning and compliance management workflow solutions. The move follows Ascent’s recent acquisition by Edgewater Equity Partners.
Waymark’s horizon scanning tools augment Ascent’s obligations management technology, with the combined company now able to offer regulatory coverage of the US, EU and UK.
“Ascent’s technology quickly and efficiently identifies relevant regulatory obligations, a critical task for navigating the ever-changing regulatory landscape,” says Chris Junker, CEO of Ascent. “With the addition of Waymark’s technology, particularly its horizon scanning functions, Ascent can offer insights into where regulations may be headed as well as a precise, timely and actionable picture of current regulatory demands.”
Mark Holmes, founder and CEO of Waymark, adds: “Our combined strengths deliver an advanced compliance automation solution giving our customers access to the best US and Canadian regulatory content, and Ascent potential to expand its coverage in the UK and EU.”
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