NetEconomy acquired by Cazenove Private Equity
NetEconomy, a leading provider of real-time enterprise risk monitoring and fraud solutions for the finance and telecom industries, announced today that it has been acquired by Cazenove Private Equity (CPE).
0
External
This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author.
The new ownership gives NetEconomy access to capital that will accelerate its global strategic plan aimed at expanding product development and sales operations in the near future.
"We recognized NetEconomy as being exceptionally well placed in the growing Financial Crime Solution market," said Tod Bensen, Chief Executive of Cazenove Private Equity. "The Company has an exceptional management team and dedicated staff already in place as evidenced by its rapid sales growth in recent years. NetEconomy's superior technology and solution offerings service a global customer base with a broad range of products which solve real and current problems for them. We are very pleased to partner with the management team in this transaction, which will allow NetEconomy to develop to its considerable potential."
"NetEconomy's strengthened equity position and added strategic expertise from Cazenove will significantly speed operational growth and expansion into new regions," said Sebastian Kuntz, Chief Executive Officer (CEO) of NetEconomy. "With Cazenove on board, we have an excellent opportunity to continue to drive innovation in the Financial Crime Solution market, support our sales operations, better serve our customers, and expand our competitive position in the marketplace."