Geolocation specialist GeoComply has announced a new acquisition which will strengthen their business. According to an announcement made by the company, it acquired OneComply a provider of comprehensive solutions for gambling operators within regulated jurisdictions.
iGaming today is a dynamic, ever-changing landscape. It can be difficult for businesses to navigate. Every region has their own set of rules, and as more and markets regulate online gambling, it becomes increasingly difficult to remain compliant.
OneComply’s platform gives companies everything they need to follow the rules. Operators can automate their compliance with the help of OneComply’s solutions. This saves time and money and prevents potential fines.
GeoComply is familiar with OneComply and its benefits. GeoComply’s customers will benefit from the diverse set of solutions and tools offered by OneComply after it acquires them. OneComply has a wide range of tools that cover the licensing process from application through to ongoing compliance management.
GeoComply welcomes OneComply into the family
GeoComply is extremely happy with the new acquisition. The company, which provides services to many companies, including those in the gaming, financial technology, and other sectors, is pleased. Anna Sainsbury is the chief executive officer at GeoComply. She said that previous interactions between GeoComply and OneComply were positive. GeoComply, a geolocation specialist, is thrilled to welcome OneComply to its family.
It is important to license organizations and key people, but it can be a difficult process for entities working in industries regulated by regulators such as gaming or fintech. We know as OneComply customers how OneComply makes the licensing process easier, not only for us, but also for regulators.
Anna Sainsbury, CEO, GeoComply
Sainsbury stated that the addition of OneComply’s licensing platform to GeoComply’s portfolio will enable the latter company’s customers to maintain a high standard in compliance services and risk management.
She concluded that OneComply’s knowledge of regulatory issues will complement GeoComply’s geolocation expertise, allowing the two companies to meet the needs in the gambling industry and other regulated sectors.
Cameron Conn also expressed his opinion on the M&A transaction. GeoComply, he said, has always inspired him and Aaron Gould. The two are therefore “super excited” to join the GeoComply family.
I am confident that we will enhance and amplify our world-class licensing and compliance solutions for regulated industry around the globe.
Cameron Conn, co-founder & CEO, OneComply
GeoComply & OneComply didn’t make their financial deal public.
