BearingPoint to sell RegTech business unit to Nordic Capital

Kiumars Hamidian, Managing Partner BearingPoint (Photo: Business Wire)

KUALA LUMPUR, Nov 4 -- Management and technology consultancy BearingPoint will sell its independent Regulatory Technology (RegTech) business unit, a regulatory reporting software solutions provider to Nordic Capital.

According to a statement, Nordic Capital is a leading private equity investor, developing technology companies and enabling global growth.

The transaction is the result of a strategic process to enable accelerated growth for RegTech as a software company with specialised professional and managed services along the regulatory value chain.

BearingPoint to sell RegTech business unit to Nordic Capital: BearingPoint to sell RegTech business unit to Nord