Chartis advises on the acquisition of GoldTier


24 October 2013

Chartis, the leading analyst for the risk and compliance technology market today announced that it acted as sell-side advisor to GoldTier Technologies on its recent acquisition by Thomson Reuters.

Already a proven provider of client onboarding and KYC products in the financial services industry, GoldTier software will be integrated into Thomson Reuters Know Your Customer (KYC) offering to provide a powerful and flexible solution for the financial service sector that integrates policy, process, documents and data management into a common platform.

“Chartis’s unique combination of market and product knowledge, as well as strategic and financial research played an important part in facilitating the creation and execution of this transaction”, comments, Peyman Mestchian, Managing Partner at Chartis.

"Partnering with the right company was key to our growth strategy. We were looking for an organization that recognized not only the current value of our business but also the value in working with GoldTier to realize its long-term potential", notes Matthew Tebaldi, co-founder of GoldTier who will remain with Thomson Reuters as GoldTier's President. "Chartis' knowledge of the risk technology sector, its global presence, and its experience in the M&A process was instrumental in bringing us together with the right company that became both an acquirer and a partner."