Yellowtail Conclusion Acquires Fortrum

Conclusion (via Yellowtail Conclusion) Acquires Faraday

November 7, 2025

IT Services

Conclusion, through its subsidiary Yellowtail Conclusion, has acquired digital agency Faraday to strengthen its digital design and AI capabilities for the financial sector. The deal expands the NPM Capital-backed Conclusion group’s ability to deliver integrated data, design and AI-driven customer experiences for banks, insurers and pension providers.

Yellowtail (Conclusion) Acquires Davinci Consulting from Ohpen

May 3, 2021

IT Services

Yellowtail, part of the Conclusion ecosystem, has acquired Davinci Consulting from Ohpen to combine Yellowtail's fintech software capabilities with Davinci's consulting expertise in mortgages, notarial services and real estate. Davinci will continue to operate under its own brand and will be headquartered in Yellowtail's Naarden offices as the combined business aims to accelerate innovation across the housing, lending and living domain.

Conclusion Acquires Portuguese IT talent firm Neotalent from Novabase

October 13, 2023

IT Services

Dutch IT services and business transformation firm Conclusion has agreed to acquire Neotalent, a leading Portuguese IT talent and nearshore engineering services provider, from investment company Novabase. The deal (subject to customary conditions and Portuguese competition approval) brings over 800 specialists into Conclusion to strengthen its nearshore capacity for customers in the Netherlands, Portugal and Spain.

Conclusion Acquires Hot ITem

December 2, 2020

Data & Analytics

Conclusion will acquire Amsterdam-based data specialist Hot ITem, pending regulatory approval from the Netherlands Authority for Consumers and Markets. The deal brings Hot ITem’s ~250 data, BI and analytics specialists into Conclusion’s ecosystem to strengthen its data engineering, advanced analytics and data-management capabilities.

Gryphon Investors Completes Majority Growth Recapitalization of Fortreum

January 7, 2026

Cybersecurity

Gryphon Investors has completed a majority growth recapitalization of Fortreum, a Lansdowne, Virginia-based cybersecurity services firm specializing in compliance, audit, and technical testing including FedRAMP, CMMC, ISO, PCI, and SOC. The investment will fund expansion of Fortreum's offerings and accelerate development and adoption of its XRAMP continuous validation platform and AI-enabled capabilities; company founders will retain a significant equity stake. Financial terms were not disclosed.

Cosegic Acquires FINTRAIL to Boost Financial Crime Capabilities

January 19, 2026

Professional Services

Cosegic has acquired FINTRAIL, a specialist financial crime consultancy, bringing FINTRAIL's team into Cosegic to expand the group's financial crime and regulatory risk capabilities across banking, payments, fintech and digital assets. The deal, completed by Cosegic (which is backed by MML Capital Partners), is part of a broader buy-and-build strategy to deepen specialist compliance services for clients operating in complex regulatory environments.