Kaizen Reporting has acquired MDM Compliance Systems, a provider of shareholding disclosure management, monitoring and reporting solutions.
The price of the transaction was not disclosed.
The service, which expands on Kaizen’s existing offering, will be renamed as Shareholding Disclosure Service.
The two services will allow client firms to ensure they are compliant with reporting quality and control requirements.
Dario Crispini, CEO of Kaizen Reporting, commented: “The new service complements our existing reporting services and affects many of the firms that are already long term Kaizen clients, making it a natural fit with the data and reporting expertise that Kaizen delivers today.”
“With the complexity, time and costs that firms face, it is vital they have the confidence in the services they are using, and we will continue to grow and invest in the Shareholding Disclosure Service to ensure it provides everything our clients need.”
Angie Huff, regulatory advisory director of Kaizen’s Shareholding Disclosure Service, added: “By bringing the two businesses together, our existing shareholding disclosure service can now leverage the vast data assurance services that Kaizen offer to improve our clients’ experience.”
“In becoming part of a bigger organisation, we will be able to share and expand on our expertise and clients will benefit from the economies of scale.”