Eindhoven-based Hyarchis, a fintech company that helps financial institutions manage data by ensuring regulatory compliance, announced on Tuesday, January 10, that it has acquired Dutch IT service provider DAPAS.
Adriaan Hoogduijn, founder of Hyarchis, says, “By combining our forces, we offer a new proposition in the Dutch accountancy sector. With Hyarchis, we have been the market leader in document management for ten years, and with the acquisition of DAPAS, we are adding customer onboarding to this.”
“In addition, with our merger, accountants now manage compliance fully automatedly throughout their customers’ entire lifecycle. This extends from a centralised underwriting process for new customers to automated monitoring of existing customers and trimming historical customer data. We call this joint product Hyarchis Comply: a unique solution in the Netherlands in terms of scope, but especially because of the fully automated nature of the applications,” adds Hoogduijn.
Aim of the acquisition
Hyarchis claims that with the deal, it will be able to introduce the first comprehensive compliance solution for the accountancy market. This will enable accountants to maintain compliance over the whole lifetime of their clients automatically.