AML RightSource Expands into Corporate Compliance Technology with Acquisition of Blue Umbrella
NEW CANAAN, CT, July 8, 2021 – Gridiron Capital, LLC (“Gridiron Capital”), an investment firm focused on partnering with founders, entrepreneurs, and management teams, is pleased to announce that AML RightSource (“AMLRS” or “The Company”), has acquired Blue Umbrella Limited (“Blue Umbrella”). AMLRS is a leading firm focused on fighting financial crime for its clients and the world. The acquisition of Blue Umbrella increases the breadth of AMLRS’s compliance services and technology solutions available to corporate customers and financial institutions.
Founded in 2009, Blue Umbrella offers third-party compliance technology and due diligence services using custom automated workflows to corporate clients across a range of industries, including technology, food and agriculture, life sciences, and financial services. Blue Umbrella’s differentiated technology platform and 200 team members support clients across Asia, Latin America, Europe, and North America.
Allan Matheson, CEO of Blue Umbrella, stated, “We’re delighted to be joining forces with AML RightSource to integrate our technology offerings and custom due diligence processes into their suite of client-centered compliance solutions. Together, we can provide end-to-end solutions to corporate and financial service clients around the world, better supporting their compliance activities and efforts to reinforce ethical corporate and individual behavior.”
Allan will continue to lead strategy for Blue Umbrella as Vice Chairman and contribute to strategic initiatives across the AML RightSource group.
“We are very excited to bring Allan and the Blue Umbrella team onboard. Their sophistication, innovation, and commitment to high-quality service sets them apart in the compliance technology industry,” stated Frank Ewing, Chief Executive Officer at AMLRS, “With our collective capabilities and footprint, we are now able to address and support a broader range of our clients’ governance, risk and compliance needs around the globe.”
Tom Burger, Co-Founder and Managing Partner at Gridiron Capital, stated, “We are excited to welcome Allan and his team and incorporate Blue Umbrella’s differentiated compliance management platform into AML RightSource’s suite of solutions.”
Will Hausberg, Managing Director at Gridiron Capital, added, “We are extremely proud of the work that Frank and the AMLRS team have done advancing strategic initiatives since we first partnered with the Company last fall. This acquisition is another major step as the Company continues expanding its global footprint and augmenting its product and tech-enabled service offerings.”
About Gridiron Capital, LLC
Gridiron Capital is an investment firm focused on partnering with founders, entrepreneurs, and management teams, and creating value by building middle-market companies into industry-leaders in branded consumer, B2B and B2C services, and niche industrial segments in the United States and Canada. We help transform growing companies by winning together through hard work, partnerships grounded in shared values and a unique culture that comes from hands-on experience building and running businesses. As a team led by former operators and entrepreneurs, we know what it takes to run successful businesses on a day-to-day basis. Additional information is available on the firm’s website: www.gridironcapital.com.
About Blue Umbrella Limited
Blue Umbrella provides due diligence research and innovative third-party compliance technologies. Combining global research excellence with disruptive RegTech SaaS solutions, Blue Umbrella serves multinational corporations and mid-size companies working in technology, manufacturing, life sciences, defense/aerospace, agriculture, energy, finance, and consumer goods, as well as top-tier investment banks. With a global presence and local focus, Blue Umbrella helps compliance teams increase automation and efficiency, reduce costs, and gain critical understanding of their partners, vendors, and agents. Learn more at www.blueumbrella.com.
About AML RightSource, LLC
AML RightSource is a leading firm focused on fighting financial crime for its clients with Anti-Money Laundering (AML)/Bank Secrecy Act (BSA) and financial crimes compliance solutions. We provide highly-trained AML/BSA professionals to assist banks and non-bank financial institutions to meet day-to-day compliance tasks. Services include transaction monitoring, alert backlog management, enhanced due diligence reviews, and financial crimes advisory matters. Our highly trained workforce of nearly 1350 analysts and subject matter experts includes the industry’s largest team of full-time professionals. AML RightSource is headquartered in Cleveland, Ohio. For more information, visit http://www.amlrightsource.com.
For Additional Information:
For Gridiron Capital, LLC:
Thomas A. Burger Jr., Co-Founder and Managing Partner
For AML RightSource
Joe McNamara, Marketing Manager