Regnology in talks to acquire French regtech Invoke
Regnology, a regulatory reporting software provider, is in exclusive talks to acquire Invoke, a France-based provider of financial, regulatory and tax reporting solutions for supervisory authorities and reporting entities.
Regnology is in talks to acquire Invoke
On completion, the deal will mark the fifth acquisition by Regnology in less than a year. The move follows the acquisition of UK-based statistical SDMX reporting specialist Metadata Technology earlier this month.
Regnology CEO Rob Mackay says these acquisitions set the firm “on an accelerated path for growth internationally”.
Mackay claims Invoke’s solutions will “complement our technology stack” while the company’s “deep knowledge of the French and Luxembourg markets” will help strengthen his firm’s ability to deliver regtech and tax reporting solutions “on a wider scale”.
Invoke works with more than 1,800 regulated entities and supervisory authorities throughout Europe, providing its XBRL-based banking, insurance and tax reporting solutions.
Regnology says Invoke’s corporate tax offering will complement its financial tax reporting solution and open a new growth area for the company.
