Lyvia Group Acquires T-rank.
No other software offers a similar service
We are proud to announce our recent acquisition T-rank, a Norwegian company that specialises in assessing the ownership structures of companies and their clients on behalf of the world’s leading banks, law firms, large corporate and government institutions.
T-rank’s proprietary software, which analyses beneficial ownership and controlling interests in companies with complex ownership structures, is in high demand, particularly as corporate ownership and client identification has become increasingly opaque. Seven of the world’s 10 largest banks and five of the six largest Nordic banks already use T-rank’s software.
This acquisition marks a significant milestone for us, as it places Lyvia Group at the forefront of the rapidly expanding ‘know your customer’ market, while also providing T-rank with the funds and network required to further expand its existing global client base.
As Sebastian Karlsson, CEO of Lyvia Group, states, “No other software in the market offers a similar service. T-rank’s clients need to know who owns what. Increased transparency is a pathway to better and safer compliance in a complex regulatory environment.”
Arne Petter Omholt, CEO and Founder of T-rank, added, “As our results prove, the ownership and client identification market has shown consistent growth and is expected to continue expanding strongly. This deal paves the way for the next phase in our growth story.”
We are excited about the future prospects of this partnership and the opportunities it presents for us to provide innovative solutions to our clients in the rapidly evolving tech and software services sector.
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