Searchspace, a world leading provider of anti money laundering and fraud management solutions to the financial services industry, has appointed Michael Jackson as non-executive Chairman of the company.
Michael Jackson is Chairman of Sage Group which has grown to be one of the largest software companies in the world with a capitalization of over £2bn. He is also Executive Chairman and founder of Elderstreet Investments Ltd. and holds several other directorships including Netstore Plc, Computer Software Group, Mediasurface Plc and Micromuse Inc.
"I am very pleased to be joining Searchspace as non-executive Chairman. They are a tremendous example of a UK software company that has taken on the world and rapidly established themselves as a leading solutions supplier to the global financial services industry in a very competitive market," said Michael Jackson.
Searchspace monitors over 400 million accounts a day, working with regional, national and global banks. Its software enables organizations to automatically interpret and act upon vast amounts of data, assisting regulatory compliance, risk mitigation and brand protection. Every transaction is monitored for unusual activity, immediately notifying compliance staff about those that may require further investigation and providing them with an evidential audit to effectively manage the compliance process. Advanced detection technology enables the capture of both known and unknown patterns of suspicious behavior.
"We are very much looking forward to Michael joining – he brings years of experience in building successful public software companies which I am sure will deliver real benefits to our shareholders, management and customers," said Jason Kingdon, CEO of Searchspace.