MyComplianceOffice Expands with Acquisition of Pythagoras Solutions
Date – 08-Aug-2024
MyComplianceOffice (MCO), a leading provider of compliance management software, is thrilled to announce the acquisition of Pythagoras Ltd., a Swiss firm renowned for its Know Your Customer (KYC) and Anti-Money Laundering (AML) solutions. Headquartered in Zug with additional locations across Europe, South Africa, and Hong Kong, Pythagoras Solutions brings a wealth of expertise that will significantly enhance MCO’s product offerings and bolster its position as a leader in compliance technology.
“We are delighted to welcome Pythagoras Solutions to the MCO family,” said Brian Fahey, CEO of MCO. “This acquisition is a strategic step in our mission to offer the most comprehensive and effective compliance solutions. The advanced technology and expertise of Pythagoras Solutions will enable us to better meet our clients’ needs and further support their compliance programs.”
This acquisition facilitates MCO’s global expansion by leveraging Pythagoras Solutions’ established presence in critical markets. Clients of both companies can anticipate a seamless transition while continuing to receive the high standards of service and innovation they have come to expect.
Fabian Finke, CEO of Pythagoras Solutions, added, “We are excited about the opportunity to join forces with MyComplianceOffice. This collaboration will enhance the value we provide to our clients, combining our strengths to deliver exceptional compliance and risk management solutions.”
The acquisition is effective immediately, and both companies have commenced a comprehensive review process to integrate their operations and product lines. During this period, Pythagoras Solutions will continue to operate independently. Both MCO and Pythagoras Solutions are dedicated to maintaining uninterrupted service and support for their clients throughout the integration process.
