SmartSearch has agreed to acquire Credas Technologies Ltd from Dye and Durham. This strategic acquisition, subject to regulatory approval, strengthens both parties positions as the UK’s foremost digital Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance platforms.
By integrating Credas’ respected brand and specialist technology, SmartSearch expands its product offering and market reach, delivering even greater flexibility and value to clients across regulated industries. The combined expertise will drive innovation, enhance customer experience, and support continued growth in a market facing increasing regulatory scrutiny.
This strategic acquisition marks a significant milestone in our journey and further strengthens our position within the AML and Digital Compliance space.
By bringing together two innovative and client-focused organisations, we are enhancing our product offering, technology capabilities, and overall market presence. This move will allow both companies to deliver even greater flexibility, value, and exceptional service to our clients.
Phil Cotter, CEO, SmartSearch, comments: “Regulated firms are under pressure to meet rising KYC and AML demands while delivering seamless onboarding. By joining forces with Credas, we combine our strengths to deliver unmatched innovation and service. Our clients will see immediate benefits as we continue to set the standard for digital compliance.”
Tim Barnett, CEO, Credas, added: “With financial crime on the rise and fraud tactics evolving, digital identity verification is more critical than ever. Partnering with SmartSearch empowers us to help even more businesses protect themselves and focus on delivering quality service.”
Ben Shepherd, Head of Value Creation & Founding Partner, Triple Private Equity, comments: “The acquisition of Credas reflects SmartSearch’s continued upward trajectory in the market for digital compliance solutions. In 2024, Triple was impressed by the organisation’s consistent growth and customer-centric approach, together with its high-quality technology platform. Today’s news confirms that our confidence was well founded; we have no doubt that SmartSearch will continue to trailblaze in this fast-moving market.”
