Subject Matter Experts Acquired in Enterprise Risk

RNS Number : 7772U

KRM22 PLC

17 July 2018

 

17 July 2018

KRM22 plc

("KRM22" or the "Company")

KRM22 Acquires Subject Matter Experts in Enterprise Risk

- KRM22 Invests in three subject matter experts to build out its Enterprise Risk team -

- New recruits have a proven track record in developing risk software -

- Additions will enable KRM22 to develop its real-time Risk Cockpit -

KRM22 plc, (AIM: KRM) the technology and software investment company, with a particular focus on risk management in capital markets, today announces it is appointing three subject matter experts in order to build out its Enterprise Risk team. 

The team is led by Enterprise Risk expert Andrew Smart and includes two software developers who already have the understanding of how to build software to manage multiple risk attributes. The team will help KRM22 to develop the real-time 'Risk cockpit' as part of KRM22's investment in its Global Risk Platform.  

In parallel to the appointment, KRM22 is acquiring certain assets of an Enterprise Risk Management software business, including web-site materials and existing product code.

Keith Todd CBE, Executive Chairman and Chief Executive Officer of KRM22 plc commented:

"KRM22 was admitted to AIM as we are looking to capitalise on the opportunity to transform the way organisations manage risk. Risk management is taking on more prominence at board level and today no single, real-time view of the true risks a business faces exists. The platform we will develop will mean companies can do away with spreadsheets and manual processes and instead see their key risk position in our real-time 'risk cockpit'.

As we look to scale up our presence in Enterprise Risk, I am delighted to welcome on board our new team members to KRM22 who will bring a wealth of knowledge to us and will play an important role in developing our platform which will ultimately enable users to make better risk-based decisions."

For further information please contact:

KRM22 plc                                                                                                                                           via FTI Consulting LLP

Keith Todd CBE, Executive Chairman and CEO

Karen Bach, COO

finnCap Ltd (Nominated Adviser and Sole Broker)                                                                 [phone]

Carl Holmes / Kate Bannatyne

FTI Consulting LLP                                                                                                                           [phone]

Matt Dixon / Emma Hall / Jamille Smith / Debbie Oluwaseyi Sonaike

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About KRM22 plc

KRM22 is a closed-ended investment company which listed on AIM on 30 April 2018. The Company has been established with the objective of creating value for its investors through the investment in, and subsequent growth and development of, target companies in the technology and software sector, with a particular focus on risk management in capital markets.

Through investments and partnerships in businesses with risk management software, KRM22 delivers a risk management platform as a Software as a Service offering: a true "Global Risk Platform". KRM22 provides capital market organisations with the way forward for better, lower-cost, risk control and regulation compliance to drive profitability.

See more about KRM22 at KRM22.com.

 

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