Cork-based Compliance & Risks — which helps businesses navigate complex regulations and standards to sell products and services around the world — has been bought by US private equity firm Luminate Capital Partners, which will likely lead to it hiring 70 to 100 jobs over the next two years, the Irish Examiner understands. Founded by Damien McGovern in 2002 and run by chief executive Joe Skulski, Compliance & Risks operates a huge database of product regulations, standards, and requirements that companies need to help sell their products and services globally. Compliance & Risks said its large client list already includes Bose, Tesla, Vaillant, Unisys, Samsung, and Fujitsu. Firm adapted to the Covid crisis“Compliance & Risks has the most comprehensive and effective solution addressing this key problem,” Luminate said. Compliance & Risks has also tapped global business during the Covid crisis, as companies looked to make and sell medical devices, hand sanitisers, and masks into new markets for the first time.

Source: Irish Examiner July 11, 2021 23:03 UTC