Marshall Group has exited the provider of anti-money laundering and identity verification software provider in a purchase by AML RightSource.
Arachnys Information Services, a UK-based developer of anti-money laundering and identity verification software, has been acquired by US-based counterpart AML RightSource for an undisclosed amount, allowing aerospace manufacturer Marshall Group to exit.
Founded in 2010, Arachnys provides anti-money laundering and know-your-customer software used by business customers to support regulatory compliance and mitigate risks.
The company’s products are used by customers in the financial services sector but also other high-risk sectors such as pharmaceuticals, energy generation and real estate.
David Buxton,…
