Mumbai: eClerx Services Ltd. (NSE: ECLERX; BSE: 532927), a provider of AI-powered analytics, digital operations, automation and business process management, has announced the acquisition of RegEdge, a boutique consulting firm specialising in regulatory compliance, risk management and financial services operations.
The RegEdge acquisition will strengthen eClerx’s risk and regulatory capabilities by combining its AI, technology and global delivery expertise with RegEdge’s specialised consulting capabilities and proprietary solutions.
The move is aimed at helping financial institutions navigate increasingly complex regulatory requirements more effectively.
RegEdge works with financial institutions to strengthen their compliance programmes, transform regulatory operations and manage risks across the entire trade lifecycle.
Through this acquisition, eClerx aims to deepen its domain expertise and expand the range of services it offers to clients in the financial services sector.
The integration of the company’s expertise is expected to further enhance eClerx’s capabilities in regulatory operations and compliance management, bringing together technology-driven solutions and practical industry knowledge.
Commenting on the RegEdge acquisition, Kapil Jain, CEO & Managing Director of eClerx, said, “Strategic acquisitions are an important part of how we expand our capabilities, deepen our domain expertise, and pursue new growth opportunities.
We are pleased to welcome the team to eClerx, and look forward to creating greater value for our clients.”
Harshad Pitkar, Founder and CEO of RegEdge, said the acquisition would allow the company to extend its expertise and proprietary solutions to a wider range of financial institutions.
“RegEdge was founded on the belief that navigating regulatory complexity requires more than advisory expertise; it calls for a hands-on approach and practical solutions that work within the realities of financial institutions.
Becoming part of eClerx enables us to take our expertise and proprietary solutions to a wider range of institutions, while helping clients further strengthen their compliance programs, improve operational effectiveness and respond with greater agility to an evolving regulatory environment.”
With the acquisition, eClerx aims to expand its regulatory compliance and risk management capabilities, leveraging RegEdge’s specialised consulting expertise to support financial institutions in addressing evolving regulatory requirements, improving operational effectiveness and strengthening compliance programmes.
