Moody’s Completes Acquisition of kompany

Rhea-AI Summary

Moody’s Corporation (NYSE:MCO) has successfully completed the acquisition of 360kompany AG, a Viennese platform specializing in audit-proof business verification and KYC solutions. This acquisition, initially announced on December 3, 2021, is set to enhance Moody’s capabilities in KYC, anti-money laundering, compliance, and counterparty risk. By integrating 360kompany’s technology into its suite of offerings, Moody’s aims to strengthen its customer solutions and solidify its position in the risk assessment market.

Positive

• Enhanced KYC and compliance capabilities through the integration of 360kompany's technology.
• Strengthened market position in anti-money laundering and counterparty risk solutions.

Negative

• None.

NEW YORK--(BUSINESS WIRE)-- Moody’s Corporation (NYSE:MCO) announced today that it has completed its acquisition of 360kompany AG (kompany), which was announced on December 3, 2021.

kompany is a Vienna, Austria-based platform for audit-proof business verification and Know Your Customer (KYC) technology solutions. The acquisition complements Moody’s technology, data, and analytical capabilities, and enhances its industry-leading customer solutions for KYC, anti-money laundering, compliance, and counterparty risk.

To learn more about Moody’s KYC offerings, visit kyc.moodys.io.

ABOUT MOODY’S CORPORATION
Moody’s (NYSE: MCO) is a global integrated risk assessment firm that empowers organizations to make better decisions. Its data, analytical solutions and insights help decision-makers identify opportunities and manage the risks of doing business with others. We believe that greater transparency, more informed decisions, and fair access to information open the door to shared progress. With over 13,000 employees in more than 40 countries, Moody’s combines international presence with local expertise and over a century of experience in financial markets. Learn more at moodys.com/about.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220301005281/en/

SHIVANI KAK

Investor Relations

+1 212-553-0298

Shivani.kak@moodys.com

OR

JOE MIELENHAUSEN

Communications

+1 212-553-1461

Joe.Mielenhausen@moodys.com

Source: Moody’s Corporation Investor Relations

FAQ

What is the significance of Moody’s acquisition of 360kompany AG?

The acquisition enhances Moody's KYC and compliance capabilities, strengthening their position in risk assessment.

When was the acquisition of 360kompany AG announced?

The acquisition was announced on December 3, 2021.

How will the acquisition impact Moody’s Corporation’s offerings?

It will improve Moody’s customer solutions for KYC, anti-money laundering, and counterparty risk.

What is 360kompany AG known for?

360kompany AG specializes in audit-proof business verification and KYC technology solutions.