Financial crime consultancy Plenitude has acquired Contineo Financial Risk Solutions, a provider of technical advisory services for regulatory compliance operations.
As Plenitude celebrates its 12-year anniversary, this marks the firm’s first acquisition, following a minority investment from Growth Capital Partners in July 2022 to enhance its capabilities and offerings.
Founded in 2017, Contineo specializes in technical advisory services, including support for FCC technology selection and implementation, transaction monitoring, customer and transaction screening tuning, optimization, independent testing, model validation, and data analytics. The firm serves clients across the UK, US, Europe, and UAE in various sectors.
As part of the deal, all of Contineo’s current employees will be retained, increasing Plenitude’s workforce by 20 percent.
Alan Paterson, founder and CEO of Plenitude, stated, “The decision to bring the businesses together felt absolutely right from a strategic standpoint, enabling us to meet the evolving needs of our clients and accelerating the build-out of our tech advisory and data analytics practice.”