eClerx Services Ltd. (NSE: ECLERX; BSE: 532927), a global provider of AI-powered analytics, digital operations and business process management services, has acquired RegEdge, a U.S.-based consulting firm specializing in financial services risk management and regulatory compliance.
The acquisition strengthens eClerx’s financial services capabilities by adding specialized expertise in regulatory operations, compliance transformation, transaction reporting and risk management across the trade lifecycle.
Financial terms of the transaction were not disclosed.
Founded in 2019, RegEdge provides consulting and technology-driven solutions to financial institutions navigating increasingly complex regulatory requirements.
The company’s services include trade and transaction reporting, market surveillance, financial crime compliance, regulatory change management, and risk and controls advisory.
By integrating RegEdge’s domain expertise and proprietary solutions with its existing technology and global delivery infrastructure, eClerx aims to expand its ability to help financial institutions modernize compliance operations and improve regulatory efficiency.
The transaction also supports eClerx’s strategy of using acquisitions to strengthen specialized service offerings and pursue growth opportunities within its financial services business.
“Strategic acquisitions are an important part of how we expand our capabilities, deepen our domain expertise, and pursue new growth opportunities,” said Kapil Jain, CEO and managing director of eClerx.
“We are pleased to welcome the RegEdge team to eClerx, and look forward to creating greater value for our clients.”
RegEdge works with financial institutions to address regulatory challenges through a combination of consulting expertise, operational support and technology-enabled solutions.
Its services cover multiple stages of the trade lifecycle, helping clients strengthen compliance programs, improve reporting processes and respond to evolving regulatory obligations.
The acquisition is expected to allow eClerx to combine its AI, automation and analytics capabilities with RegEdge’s specialized knowledge of financial markets regulation.
Harshad Pitkar, founder and CEO of RegEdge, said joining eClerx will enable the company to extend its services and proprietary solutions to a broader institutional customer base.
“RegEdge was founded on the belief that navigating regulatory complexity requires more than advisory expertise; it calls for a hands-on approach and practical solutions that work within the realities of financial institutions,” Pitkar said.
“Becoming part of eClerx enables us to take our expertise and proprietary solutions to a wider range of institutions, while helping clients further strengthen their compliance programs, improve operational effectiveness and respond with greater agility to an evolving regulatory environment.”
The transaction expands eClerx’s capabilities in an area where financial institutions face increasing demands for regulatory reporting accuracy, surveillance, financial crime prevention and operational risk oversight.
eClerx provides analytics, automation, digital operations and business process management services to major enterprises across financial services, telecommunications, media and entertainment, luxury, retail, fashion and manufacturing.
The publicly listed company operates in 17 countries and employs more than 23,300 people, serving customers across the Americas, Asia-Pacific, Europe, the Middle East and Africa.
The addition of RegEdge provides eClerx with further specialized consulting expertise to complement its established financial services operations and technology capabilities.
The companies did not disclose RegEdge’s annual revenue, employee count, acquisition valuation or specific post-acquisition integration plans.