Scottish Government’s development arm invests £1.8 million and Australian Adcock Private Equity Group invests £1.8 million
Encompass Corporation, the technology company that provides sophisticated analytic aggregation software for lawyers and insolvency practitioners, has been awarded investments totaling £3.6 million.
The funding will enable Encompass to increase the numbers of domestic and international data suppliers which currently stands at 12. This will further speed up the viability assessment and onboarding of new clients for the legal profession. In addition it will allow the software to be used by the broader financial services community to meet their regulatory requirements for Anti-Money Laundering and Know Your Customer.
Wayne Johnson co-founder and CEO of Encompass said: “This funding will enable us to fast-track our product development and enhance the offering to the legal services market. It will also support our launch of Encompass Confirm, a solution for financial services firms who are looking for an answer to the Know Your Customer /Anti-Money Laundering headache.”
About Encompass Corporation: Founded in Australia in 2012 and launched in the UK in 2015, Encompass Corporation creates visual analytics products for financial services, legal, corporate insolvency, and asset-based lending. The Encompass platform aggregates and analyses information on corporations, individuals and property from multiple sources. With around 60 staff, including 32 in the UK, Encompass serves more than 200 firms who rely on its products to better understand complex commercial situations, to manage risk and compliance, and to make informed, timely business decisions. Encompass has successfully partnered with SAI Global in Australia, who secured the exclusive distribution rights for the Encompass platform late 2015.
Source: Encompass Corporation
