Strategic acquisition aimed at accelerating the expansion of new Governance, Risk & Compliance (GRC) business area
MUNICH, ZURICH / ACCESSWIRE / December 18, 2017 / Integrity Line GmbH specializes in the conception, launch, and operation of reporting systems and has developed its own cloud platform for this purpose. The company manages whistleblowing systems that are used in over 150 countries in more than 50 languages. Via an internal reporting system, employees, customers, and suppliers can securely and anonymously report abuses within companies and organizations. Integrity Line currently has annual recurring revenues ("ARR") from licenses in excess of 1 million Swiss francs. Both parties have agreed to confidentiality regarding the purchase price, which was financed entirely from a capital increase carried out for this purpose.
Integrity Line GmbH was founded in 2009 by Dr. Ing. Zora Ledergerber, an internationally-renowned leader in whistleblowing solutions. Dr. Ledergerber will step back from management within the first quarter but continue in a consulting role. Integrity Line's customer base includes international companies such as Baloise, as well as organizations and institutions such as UEFA and Fedpol (Swiss Federal Police). The company is experiencing strong demand for whistleblower systems and expects approximately 40% in revenue growth for the 2018 financial year, as well as a strong increase in annual recurring revenues (ARR).
As a result of the acquisition, EQS Group AG's planned revenue growth for the 2018 financial year will increase by 5%, reaching overall growth of 15-20%.
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About EQS Group
EQS Group is a leading international technology provider for Investor Relations, Corporate Communications and Compliance. More than 8,000 companies worldwide trust EQS' products and services to securely, efficiently, and simultaneously fulfill complex national and international disclosure and compliance requirements, and to reach stakeholders globally.
The EQS COCKPIT, a cloud-based platform, digitally maps the workflows of IR, Communications and Compliance Officers, communicates with the company's website, and distributes company releases via one of the most important global newswires. With additional products such as websites, IR tools, digital reports, and webcasting solutions, EQS Group is a digital single source provider.
EQS Group was founded in Munich, Germany in 2000 and has developed from a start-up to an international group with offices in the world's key financial markets. The group employs about 400 professionals globally.
Contact:
André Marques
Head of Investor Relations
Tel.: +49 89-21029833
Mobile: +49 175-5250009
Email: andre.marques@eqs.com
SOURCE: EQS Group AG
