EQS Group takes over all shares in SaaS provider C2S2
EQS Group AG (ISIN: DE0005494165) has exercised its option to acquire all shares in C2S2 GmbH, thereby taking over the innovative SaaS provider for policy management completely. C2S2 GmbH based in Bonn provides software for the understandable communication of company policies under the Rulebook brand.
C2S2 GmbH was founded in 2015 by Aram Kaven-Moser to provide employees with guidance and concrete recommendations for applicable company policies. In December 2020, EQS Group AG acquired a stake of approximately 23 percent and received a call option on all shares. EQS Group AG continues to expand its product portfolio and strengthen its corporate compliance unit with the complete takeover.
Achim Weick, CEO of EQS Group AG: "We have come to appreciate Aram Kaven-Moser and his team in the first three months of our collaboration and now want to move forward with the integration quickly and fully. Aram Kaven-Moser will also be responsible for our compliance programme together with Moritz Homann and Sven Schenkluhn and will manage a variety of applications such as Rulebook under the EQS umbrella in future."
Rulebook is a ground-breaking digital compliance application that benefits customers such as Audi AG and REWE Group. It is characterised by a smart search function and integrated chat bots. It allows employees to use an intuitive search for finding rules and recommended actions which are then prepared in a manner to be easily understood. The most recent rollout was at E.ON AG, which also uses the RuleBot service for 40,000 employees. The application will be available to E.ON employees worldwide in 9 languages in the second half of the year.
Aram Kaven-Moser had the idea for Rulebook while working as a compliance manager and compliance advisor. He is a proven expert for governance, risk and compliance and has worked as Head of Compliance Program with Daimler AG and Head of Compliance Strategy with Deutsche Telekom AG.
Aram Kaven-Moser, CEO of C2S2 GmbH: "I am looking forward to my new role at EQS Group AG, to working with my colleagues and to the opportunity to develop efficient compliance applications. We've already had a great start and now we're going to establish Rulebook together as a smart solution in many companies. Compliance is becoming more and more important, so now is the right time to really take off with Rulebook."
The purchase price for the remaining 77 percent of the shares is EUR 4.3 million. The transaction will be financed with funds from the recent capital increase. C2S2 is planning to achieve an annual recurring business volume (ARR) of around EUR 1 million for the 2021 financial year.
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EQS Group is a leading international provider of regulatory technology (RegTech) in the fields of corporate compliance and investor relations. In working with EQS Group, thousands of companies worldwide inspire trust by fulfilling complex national and international disclosure obligations, minimizing risks and communicating transparently with stakeholders.
EQS Group's products are pooled in the cloud-based software EQS COCKPIT. They ensure the professional control of compliance workflows in the fields of whistleblower protection and case management, policy management, approval management, insider list management and disclosure obligations. In addition, listed companies benefit from a global newswire, investor targeting and contact management, IR websites, digital reports and webcasts for efficient and secure investor communications.
EQS Group was founded in 2000 in Munich, Germany. Today the group employs 450 professionals and has offices in the world's key financial markets.
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20.04.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.deLanguage: English Company: EQS Group AG Karlstr. 47 80333 Munich
Germany Phone: +49(0)89 444 430-000 Fax: +49(0)89 444 430-049 E-mail: firstname.lastname@example.org Internet: www.eqs.com ISIN: DE0005494165 WKN: 549416 Indices: Scale Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Munich (m:access), Stuttgart, Tradegate Exchange EQS News ID: 1186844 ? End of News DGAP News Service