NEWS11 September 2023

FullCircl buys W2 Global Data Solutions

Finance M&A News UK

UK – Customer lifecycle intelligence platform FullCircl has acquired W2 Global Data Solutions, a company offering digital tools for global regulatory compliance.

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The deal will bolster FullCircl’s set of compliance tools.

Business-to-business companies in financially regulated industries use FullCircl’s platform to access data on the customer view and speed up on-boarding of business customers. 

The combined business now offers coverage on entities in 160 countries, and new opportunities to target consumer-focused finance sectors including personal finance.

FullCircl will gain 120 new customers through the acquisition.

Under the terms of the agreement, W2 will trade as ‘W2 by FullCircl’. Warren Russell, founder and chief executive at W2, will continue to lead the business and will join the senior management team at FullCircl. FullCircl said it will also seek to retain the W2 team.

The financial terms of the deal have not been disclosed.

Warren Russell said: “From our initial discussions with the FullCircl team, it was clear that we held the same values and mission, with commitment to our people, innovation, customer success, and growth.

“Together we look forward to not only continuing our mission but amplifying it, as we leverage shared resources and expertise.” 

Andrew Yates, chief executive at FullCircl, said: “W2 shares our vision to help regulated businesses mitigate risks and deliver next-generation onboarding that meets both customer expectations and the compliance requirements of our rapidly changing world.”

This is great news for customers of both W2 and FullCircl, who will benefit from enhancements that will transform their compliance and risk management processes. We look forward to welcoming our new colleagues and together building on our combined expertise.”