Country for PR: United States
Contributor: PR Newswire New York
Tuesday, September 29 2020 - 17:00
AsiaNet
Kharon Announces Barclays As Strategic Investor
LOS ANGELES, Sept. 29, 2020 /PRNewswire-AsiaNet/ --

Kharon, the research and data analytics company focused on global security 
threats and other controversies that impact global commerce and finance, today 
announced that Barclays has become a strategic investor in the business, 
joining Equity Group Investments, and other institutional and private equity 
investors.

Logo - https://mma.prnewswire.com/media/1283302/Kharon_logo_Logo.jpg 

Kharon's offerings for trade, regulatory and financial crime compliance are 
recognized as industry leading and the news underscores its shared commitment 
with Barclays to innovation and data-driven intelligence.

Mark Gibbins, Head of Compliance Services, Barclays, said: "Having worked with 
Kharon for some time, we are pleased to be strengthening our relationship 
through this strategic investment. The investment demonstrates Barclays' 
commitment to managing compliance requirements by utilizing data to enhance our 
technology and analytics solutions."

Kharon's regtech solutions provide firms across the globe with unmatched, 
critical intelligence and analytics on their customers, supply chains, 
investments, and risk areas. The result is reduced risk, realized efficiencies 
and the creation of value.

Matthew Epstein, CEO, Kharon, said: "We are delighted to welcome Barclays as a 
strategic investor. Barclays' move from client to partner and now to investor, 
reflects our shared belief in the broad industry and geographical applicability 
of Kharon's technology, analytic products and expertise."

He added: "From risk and compliance teams seeking to strengthen KYC and 
screening processes; to technology providers keen to examine every stage of 
their supply chain; to investors looking to assess a company's long-term 
performance; Kharon supports companies in a wide range of industries around the 
world. This diverse client base coupled with our groundbreaking technology 
platform has given us the strongest of foundations on which to continue to 
build."

Equity Group Investments (EGI), founded by Sam Zell, has been an investor in 
Kharon since 2016. The firm's President, Mark Sotir, commented: "In an 
increasingly challenging risk environment, Kharon's unique data and analytics 
solutions provide highly relevant and differentiated compliance insights to its 
customers. We are pleased to be a strategic capital partner to a top-line 
specialist with a strong leadership team, and to welcome Barclays as a 
co-investor."

About Kharon
Kharon is a leading provider of research and data analytics, focused on global 
security threats and other controversies that impact global commerce and 
finance. Kharon's clients include first tier international financial 
institutions, global corporates, public sector entities and professional 
services firms. Kharon is headed by former senior officials from the U.S. 
Department of the Treasury, and experienced professionals in software 
development and data science. 

For more information or to join the Kharon team, visit www.kharon.com and 
connect with us on LinkedIn and Twitter @kharondata.

About Barclays
Barclays is a British universal bank. The company is diversified by business, 
by different types of customers and clients, and by geography. Barclays' 
businesses include consumer banking and payments operations around the world, 
as well as a top-tier, full service, global corporate and investment bank, all 
of which are supported by their service company which provides technology, 
operations and functional services across the Group.

For further information about Barclays, please visit www.home.barclays.

About Equity Group Investments
Equity Group Investments is the private investment firm founded by Sam Zell 
more than 50 years ago. Based in Chicago, EGI invests opportunistically across 
industries and geographies and throughout the capital structure. Current 
portfolio investments are in healthcare, energy, waste and infrastructure, 
transportation and logistics, agribusiness, and real estate. EGI provides 
flexible capital and employs an engaged ownership approach to maximize the 
potential of its investments. For more information on EGI, visit 
www.egizell.com.

Source: Kharon

CONTACT: Izabella Siemicka, +44 (0) 20 3868 3814, siemickai@kharon.com