MJ Hudson Group PLC - asset management consultancy headquartered in London - Buys fintech risk specialist firm Clarus Risk for up to GBP3.5 million. MJ Hudson claims the move will aid its customers by providing them with data, analytics, benchmarking and improved reporting on risk.
The deal involves an upfront payment of GBP1.0 million with deferred and earn-out payments of up to a further GBP2.5 million over a three-year period.
"Risk analytics is a key building block in our developing data and analytics product set," says Chief Operatoing Officer Odi Lahav.
"With the addition of Clarus, we can now offer clients enhanced levels of transparency, reporting and analytical solutions across the critical areas of their business."
Earlier in June, MJ Hudson signed a new partnership with Kaleidoscope Capital to enhance its hedge funds coverage.
Current stock price: 52.80 pence, up 1.5% on Friday
Year-to-date change: up 8.9%
By Will Paige; willpaige@alliancenews.com
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