On May 16, 2024, CUBE, a global leader in Automated Regulatory Intelligence (ARI) and Regulatory Change Management (RCM), acquired Thomson Reuters Regulatory Intelligence and Oden products. This acquisition marked a significant milestone in CUBE's growth, expanding its global customer base to around 1,000 clients in banking, insurance, asset and investment management, payments, and other regulated industries. The company’s workforce grew to 600, including nearly 250 regulatory subject matter experts, legal, and compliance professionals.

Ben Richmond, CUBE's founder and CEO, emphasized that combining CUBE’s AI technology with Thomson Reuters’ extensive regulatory content would drive innovation and enhance regulatory transformation capabilities for their global clients. Chris Maguire, General Manager at Thomson Reuters, highlighted the alignment of CUBE's vision with their commitment to innovation and investment in regulatory intelligence solutions.

Christopher Fielding and Thomas Martin from Hg expressed their enthusiasm about integrating these high-quality businesses into CUBE, expecting the acquisition to spur further innovation in the regulatory intelligence and change management sector.

The financial details of the transaction were not disclosed.