Acquisition by Corlytics of SparQ

PUBLISHED: 23rd February 2023

LK Shields was delighted to advise Corlytics Limited on its acquisition of SparQ reg tech from Dutch bank ING. 

Corlytics was founded in 2013 by John Byrne and provides software solutions to banks that are dealing with regulatory, compliance and risk issues.

“This acquisition is important, both for the financial services industry and Corlytics,” said Mr Byrne.

“SparQ technologies mean that we can close the regulatory compliance and obligations management loop in a unified platform to automate, deliver and prove compliance. This deal sets the runway for further strategic acquisitions and is a clear signal of our ambitious program of managed growth.”

The transaction was led by Ruairi Mulrean (corporate) with assistance from Daniel Keegan (corporate).