AML RightSource Acquires Passcon GmbH

Gridiron Capital Acquires AML RightSource from Clarion Capital

September 22, 2020

Professional Services

Gridiron Capital has acquired AML RightSource from Clarion Capital Partners, partnering with AMLRS founders and management to drive the company's next phase of growth. AML RightSource, headquartered in Cleveland, Ohio, is a leading outsourced provider of AML, KYC and BSA compliance solutions with over 1,000 employees serving banks and non-bank financial institutions across North America.

AML RightSource Acquires Arachnys Information Services

March 4, 2021

Data & Analytics

AML RightSource, a Gridiron Capital‑backed provider of AML/KYC compliance services, has acquired Arachnys Information Services Limited, a UK‑based RegTech platform that provides enriched KYC/AML data and APIs. The acquisition adds Arachnys' machine‑learning powered data and onboarding/monitoring technology to AML RightSource's delivery capabilities and expands the combined firm's global footprint and product offering.

AML RightSource (Gridiron-Backed) Acquires QuantaVerse

August 17, 2021

Software

AML RightSource, a Gridiron Capital-backed anti-financial crime managed services provider, has acquired QuantaVerse, a data-science-driven financial crime identification and investigation platform. The deal adds QuantaVerse's RPA and machine-learning capabilities to AML RightSource's global advisory and managed services to expand tech-enabled AML/KYC offerings and accelerate investigation efficiency.

AML RightSource Acquires Blue Umbrella Limited

July 8, 2021

Cloud & SaaS

AML RightSource, a Gridiron Capital-backed compliance services provider, has acquired Blue Umbrella Limited to expand its corporate compliance technology and third-party due diligence capabilities. Blue Umbrella's technology platform and ~200-person team will be integrated into AML RightSource's suite to broaden offerings for corporate and financial services clients globally; Blue Umbrella CEO Allan Matheson will remain in a leadership role as Vice Chairman.

Sourcepass Acquires CompuWorks and A.D.B. Services, Inc.

October 3, 2023

IT Services

Sourcepass has acquired two managed IT services providers — CompuWorks of Pittsfield, Massachusetts and A.D.B. Services, Inc. of Atlanta, Georgia — extending its geographic footprint and technical bench in the northeastern and southeastern United States. The transactions add experienced IT staff (Sourcepass said CompuWorks brings ~30 professionals) and deepen Sourcepass' SMB-focused managed services and security capabilities as part of its ongoing roll-up strategy.

Sourcepass Acquires Suite3

March 15, 2022

IT Services

Sourcepass has acquired Suite3, a managed IT services provider, expanding Sourcepass' portfolio and strengthening its cybersecurity and 24x7 support capabilities. The deal brings Suite3's employees into the Sourcepass organization, extends Sourcepass' interactive portal to Suite3 clients, and expands Sourcepass' geographic reach and financial-services focus in the Northeast.