The transaction comes after CUBE opened its new global headquarters in the City of London in May. 

These are busy times for CUBE. It has committed to creating 200 jobs over the next 12 months – half of them in the UK. In recent months it bought Thomson Reuters Regulatory Intelligence and Oden businesses and RegRoom. Hg, an investor in European and transatlantic software and services businesses, established a strategic partnership with CUBE in March 2024 to support CUBE's growth.

Acin's AI-based platform enables users to digitise their non-financial risk analysis. 

CUBE said the deal signals the start of a wider global industry collaboration it is leading with the support of five major banks; more partners are due to join in the coming year, it said in a statement this week. 

"This is a significant step forward in how financial services firms across the globe can take a truly integrated approach to their compliance and risk management. Since the founding of CUBE fifteen years ago, we've become recognised for the transformational solutions we've delivered in compliance,” CUBE's founder and CEO Ben Richmond, said.

Paul Ford, Acin’s founder, added: "By joining forces with CUBE, our platform will continue to grow and deliver even greater value to both our existing customers and CUBE's global client base, while shaping the future of our industry.” 

CUBE said it has more than doubled its revenue in the last year. It serves 1,000 customers globally and has 700 employees across 20 countries.