"Important milestone" for compliance systems specialist with £18m platform acquisition

A London compliance systems company has announced that it has invested around £18m into the acquisition of a risk and compliance software firm.

Marlowe plc, which specialises in safety and regulatory compliance services, has completed its acquisition of governance, risk and compliance (GRC) platform CoreStream in a deal worth approximately £18m.

The company said that the deal broadens its digital service offerings and enhances its relationships with blue-chip organisations.

Alex Dacre, chief executive of Marlowe plc, commented: “The acquisition of CoreStream strengthens Marlowe’s position in the UK’s rapidly-growing governance, risk and compliance software market.

“In combination with our existing compliance software products, CoreStream’s platform enables us offer our clients a complete GRC risk management solution to improve corporate governance & control, reduce risk and enhance compliance.

“It also strengthens our ability to support clients on their ESG objectives.

“We continue to make good progress on our digital strategy of growing Marlowe’s compliance software revenues and this acquisition marks an important milestone in that journey, increasing our base of SaaS subscription revenues, offering greater cross-selling opportunities, and improving our position for the long-term in this important and attractive market.”