NEWS
Plenitude, a leading financial crime consultancy, has finalized the acquisition of Contineo Financial Risk Solutions, a prominent provider of technical advisory services specializing in regulatory compliance operations.
This significant transaction coincides with Plenitude’s 12-year anniversary and stands as the firm’s inaugural acquisition. The move follows a previous minority investment by Growth Capital Partners in July 2022, aimed at bolstering the development of new capabilities and service offerings.
Established in 2017, Contineo has garnered recognition for its expertise in delivering specialized technical advisory services. These services encompass a wide spectrum, including FCC (Financial Crime Compliance) technology selection and implementation, transaction monitoring, customer and transaction screening tuning, optimization, independent testing, model validation, and data analytics.
Under the terms of the acquisition, all existing employees of Contineo will be retained, resulting in a notable 20 percent increase in Plenitude’s workforce.
Alan Paterson, Founder & CEO of Plenitude, expressed confidence in the strategic alignment of the merger, stating, “The decision to bring the businesses together felt absolutely right from a strategic standpoint, enabling us to meet the evolving needs of our clients and accelerating the build out of our tech advisory and data analytics practice.”
