Launch of Kaizen’s Shareholding Disclosure Service
London, Tuesday 8 September 2020 – Leading regulatory reporting assurance firm Kaizen Reporting (Kaizen), developer of the multi-award-winning assurance service, ReportShield™, today announced the acquisition of MDM Compliance Systems, the premier service for shareholding disclosure management. The price of the transaction was not disclosed.
MDM Compliance Systems (MDM) provide a shareholding monitoring and reporting solution to financial institutions who are exposed to disclosure requirements. Founded in 2012, MDM provides an unparalleled service combining the latest software for monitoring shareholdings and updating disclosure rules with the deep knowledge and expertise of its industry specialists. The service is a fully automated monitoring and flexible reporting system covering more than 95 countries that addresses the challenges of over 400 global shareholding disclosure rules and requirements including the complex takeover rules.
The newly named ‘Shareholding Disclosure Service’ (SDS) will sit alongside Kaizen’s existing reporting quality assurance services which provide the controls firms need to ensure they effectively meet their reporting quality and control obligations.
Dario Crispini, CEO of Kaizen Reporting, commented: “The expansion into shareholding disclosure demonstrates our commitment to providing our clients with the services they need. 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’s vital that 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.”
“We are delighted to be part of Kaizen. 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. What sets us apart from other firms is our expertise, and our ability to adapt our shareholding disclosure service to a firms specific needs rather than a one-system-fits-all solution. By becoming part of a bigger organisation we will be able to share and expand on that expertise and clients will benefit from the economies of scale.”
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