Tech

Regtech firm MCO makes third acquisition as it snaps up Fairwords

Company is on the acquisition trail after securing $50 million in debt financing from Accel-KKR Credit Partners last year

Brian Fahey, MyComplianceOffice chief executive: ‘The deal strengthens our employee monitoring capabilities to ensure full compliance’

Irish fintech MyComplianceOffice (MCO) has made its third acquisition, snapping up Fairwords, an AI-powered communications compliance software provider, for an undisclosed sum.

While no financial details have been revealed, Fairways was valued at $12 million last year after securing $5.23 million in a Series A funding round.

Fairwords' software provides training, analytics, and archiving to mitigate communications risks and prevent compliance crises and lawsuits.

MCO founder and chief executive Brian Fahey said Fairwords was particularly ...