KBRA Releases Research – Private Credit: Business Development Company (BDC) Ratings Compendium: Third-Quarter 2025 and 2026 Outlook

KBRA Releases Research – Private Credit: Business Development Company (BDC) Ratings Compendium: Third-Quarter 2025 and 2026 Outlook




KBRA Releases Research – Private Credit: Business Development Company (BDC) Ratings Compendium: Third-Quarter 2025 and 2026 Outlook

NEW YORK–(BUSINESS WIRE)–#creditratingagency–KBRA releases its Business Development Company Ratings Compendium, which looks at results for the quarter ended September 30, 2025, and 2026 Outlook.


In this quarter’s Compendium, KBRA reviews the financial performance of our rated business development companies (BDCs) in a landscape characterized by ongoing competitive pressures, declining but still high base interest rates, and distribution yield preservation. Credit performance across KBRA’s rated BDC universe remained generally solid in 3Q25, although signs of late-cycle softening have begun to emerge. While most BDCs continued to report stable credit metrics, dispersion widened across platforms—reflecting idiosyncratic pressures and selective borrower underperformance. During the quarter, we had no changes in ratings or Outlooks for the KBRA-rated BDC universe. Looking forward into 2026, KBRA’s rating outlooks are generally stable for our rated BDCs.

The broader operating environment during the quarter was marked by tight spreads, renewed mergers and acquisitions (M&A) activity, and continued capital formation within the perpetual-life BDC channel. Favorable market conditions supported robust unsecured debt issuance, expansion of bank credit facilities, and increased middle market collateralized loan obligation (CLO) formation, which bolstered BDC liquidity and funding profiles. KBRA-rated BDCs are aided by strong access to bank credit facilities, reflecting considerable overall relationship depth between major banks and large BDC managers. These funding advantages enabled BDCs to proactively refinance near-term maturities, extend liability maturities, and maintain solid liquidity profiles heading into 2026. KBRA believes that its rated BDCs can navigate an uncertain environment effectively, driven by relatively low leverage and highly diversified investment portfolios with a high percentage of first lien senior secured loans to middle market companies generally within less cyclical industries.

Key Takeaways

Dividend Coverage Remains a Concern for Equity Investors

Competitive pressures, tightening spreads, and the potential for additional rate cuts have many KBRA-rated BDCs adjusting their dividend strategies to allow for more flexibility while providing a more stable base rate over the medium term. Perpetual-life BDCs continued to rely on fee waivers. Some non-perpetual life BDCs reduced or eliminated their supplemental and/or special distributions in line with declines in net investment income (NII). Several BDCs reduced their base dividends to align with base rate expectations. From a credit standpoint, interest expense coverage for rated debt is expected to remain quite solid.

Stable but Softening Asset Quality

Investments on non-accrual status remain low but increased year-over-year (YoY) to a median of 2.5% of total investments at cost (1.3% at fair value (FV)) for non-perpetual life BDCs. The vast majority of internal risk ratings remain in categories reflecting performance at or above expectations (93.7%), supported by strong portfolio diversification and a high mix of first lien senior secured loans in generally less cyclical sectors. KBRA-rated BDCs have low direct exposure to tariffs, given a focus on portfolio company, service-based businesses in the U.S.

Outlooks Remain Stable but Cautious

KBRA maintains Stable Outlooks for most of its rated universe of BDCs going into 2026, supported by solid liquidity, manageable leverage, and strong access to senior unsecured debt and bank credit facilities. However, elevated base rates, mixed macroeconomic signals, and geopolitical risk warrant caution. BDCs continue to focus on proactive risk management, measured leverage, and active engagement with portfolio companies.

Click here to view the report.

About KBRA

KBRA, one of the major credit rating agencies, is registered in the U.S., EU, and the UK. KBRA is recognized as a Qualified Rating Agency in Taiwan, and is also a Designated Rating Organization for structured finance ratings in Canada. As a full-service credit rating agency, investors can use KBRA ratings for regulatory capital purposes in multiple jurisdictions.

Doc ID: 1012573

Contacts

Teri Seelig, Managing Director

+1 646-731-2386

teri.seelig@kbra.com

Kevin Kent, Director

+1 301-960-7045

kevin.kent@kbra.com

Josh Mandelbaum, Director

+1 301-969-3186

josh.mandelbaum@kbra.com

Bain Rumohr, Managing Director

+1 312-680-4166

bain.rumohr@kbra.com

Jack Chadwick, Analyst

+1 301-960-7049

jack.chadwick@kbra.com

Joe Scott, Senior Managing Director

+1 646-731-2438

joe.scott@kbra.com

Business Development Contact

Constantine Schidlovsky, Senior Director

+1 646-731-1338

constantine.schidlovsky@kbra.com

Cohu to Participate in the 14th Annual NYC Summit Investor Conference

Cohu to Participate in the 14th Annual NYC Summit Investor Conference




Cohu to Participate in the 14th Annual NYC Summit Investor Conference

SAN DIEGO–(BUSINESS WIRE)–Cohu, Inc. (NASDAQ: COHU), a global supplier of equipment and services optimizing semiconductor manufacturing yield and productivity, today announced that management will participate in the 14th Annual NYC Summit Investor Conference, being held at Mastro’s New York on Tuesday, December 16, 2025.


The presentation material utilized during the NYC Summit will be made accessible on the investor page of the company’s website at www.cohu.com.

About The 14th Annual NYC Summit

The NYC Summit is hosted by participating companies and features a “round-robin” format consisting of small group meetings with company management teams.

The NYC Summit is by invitation only and is available to accredited investors and publishing research analysts. As space is limited, please RSVP early. Hosts reserve the right to limit attendance as necessary.

To RSVP for the NYC Summit, please contact either of the event co-chairs:

Laura J. Guerrant-Oiye

Claire E. McAdams

Phone: (808) 960-2642

Phone: (530) 265-9899

Email: lauraoiye@gmail.com

Email: claire@headgatepartners.com

About Cohu:

Cohu (NASDAQ: COHU) is a global technology leader supplying test, automation, inspection and metrology products and services to the semiconductor industry. Cohu’s differentiated and broad product portfolio enables optimized yield and productivity, accelerating customers’ manufacturing time-to-market. Additional information can be found at www.cohu.com.

For press releases and other information of interest to investors, please visit Cohu’s website at www.cohu.com.

Contacts

Cohu, Inc.

Jeffrey D. Jones – Investor Relations

858-848-8106

Cohu to Participate in the 14th Annual NYC Summit Investor Conference

Cohu to Participate in the 14th Annual NYC Summit Investor Conference




Cohu to Participate in the 14th Annual NYC Summit Investor Conference

SAN DIEGO–(BUSINESS WIRE)–Cohu, Inc. (NASDAQ: COHU), a global supplier of equipment and services optimizing semiconductor manufacturing yield and productivity, today announced that management will participate in the 14th Annual NYC Summit Investor Conference, being held at Mastro’s New York on Tuesday, December 16, 2025.


The presentation material utilized during the NYC Summit will be made accessible on the investor page of the company’s website at www.cohu.com.

About The 14th Annual NYC Summit

The NYC Summit is hosted by participating companies and features a “round-robin” format consisting of small group meetings with company management teams.

The NYC Summit is by invitation only and is available to accredited investors and publishing research analysts. As space is limited, please RSVP early. Hosts reserve the right to limit attendance as necessary.

To RSVP for the NYC Summit, please contact either of the event co-chairs:

Laura J. Guerrant-Oiye

Claire E. McAdams

Phone: (808) 960-2642

Phone: (530) 265-9899

Email: lauraoiye@gmail.com

Email: claire@headgatepartners.com

About Cohu:

Cohu (NASDAQ: COHU) is a global technology leader supplying test, automation, inspection and metrology products and services to the semiconductor industry. Cohu’s differentiated and broad product portfolio enables optimized yield and productivity, accelerating customers’ manufacturing time-to-market. Additional information can be found at www.cohu.com.

For press releases and other information of interest to investors, please visit Cohu’s website at www.cohu.com.

Contacts

Cohu, Inc.

Jeffrey D. Jones – Investor Relations

858-848-8106

Hitachi Construction Machinery Invests in Rithmik Solutions to Accelerate Open, AI-Driven Mining Innovation

Hitachi Construction Machinery Invests in Rithmik Solutions to Accelerate Open, AI-Driven Mining Innovation




Hitachi Construction Machinery Invests in Rithmik Solutions to Accelerate Open, AI-Driven Mining Innovation

MONTRÉAL–(BUSINESS WIRE)–Rithmik Solutions, a leader in OEM-agnostic, AI-powered performance analytics for mobile mining equipment, today announced that Hitachi Construction Machinery Co., Ltd. has made a minority strategic investment in the company as part of Rithmik’s current financing round. The investment marks a significant milestone in the growing collaboration between Rithmik and Hitachi Construction Machinery. Together, the companies aim to advance the next generation of smart mining by combining Rithmik’s real-time fleet and asset-level insights with Hitachi Construction Machinery’s global presence and commitment to digital transformation.




Rithmik is fully OEM-agnostic, supporting mixed fleets and providing high-resolution analytics across all major mining equipment brands. Hitachi Construction Machinery recognizes that mining customers increasingly require site-wide solutions capable of supporting their entire fleet, regardless of manufacturer. The companies see this alignment as a key advantage for customers seeking interoperability, flexibility, and the ability to scale digital solutions across complex operations.

The Series A round also includes participation from Chrysalix Venture Capital, Sprout Fund, Fonds Ecofuel, Phoenix Fire, and Developer Capital. This investment will allow Rithmik to scale more quickly, support a growing customer base, and continue expanding its product suite—helping mines improve productivity, reliability, and sustainability across their fleets.

A Partnership Built on Innovation, Flexibility, and Customer Value

“We’re honoured to collaborate with Hitachi Construction Machinery, a company that shares our dedication to innovation, operational excellence, and collaboration,” said Ross Barichievy, CEO of Rithmik Solutions. “By leveraging Hitachi Construction Machinery’s global presence with Rithmik’s expertise in mining analytics, we aim to deliver unprecedented performance, reliability, and sustainability to customers worldwide.”

Eiji Fukunishi, Vice President and Executive Officer, President of the Mining Business Unit at Hitachi Construction Machinery, commented:

“This investment marks an important step towards Hitachi Construction Machinery’s goal of building open digital platforms with various partners. Combining Rithmik’s advanced, AI-powered data analysis technology with Hitachi Construction Machinery’s insight will help us provide more flexible solutions to our customers as well as contribute to increased productivity and reduced environmental impact at mining sites.”

Enabling the Future of Smart, Sustainable Mining

Rithmik’s technology aligns Operations and Maintenance of mobile equipment around high-impact priorities. Its advanced analytics go beyond predictive maintenance, turning complex equipment data into clear, actionable guidance that improves fleet performance, prevents failures earlier, and drives measurable gains in production efficiency and maintenance effectiveness. The financing will accelerate Rithmik’s global expansion, product development, and integration into additional digital mining ecosystems.

“This partnership strengthens our ability to support miners who are navigating rising production pressures, decarbonization commitments, and increasingly complex operational environments,” Barichievy added. “By working with partners like Hitachi Construction Machinery, we can help the industry transition toward more sustainable, data-driven operations.”

About Rithmik Solutions

Rithmik Solutions delivers the world’s most precise OEM-agnostic analytics for mobile mining equipment. Using advanced AI, Rithmik aligns Operations and Maintenance to help mines detect issues earlier, optimize performance, reduce environmental impact, and improve fleet-wide reliability and utilization across all major equipment brands. Rithmik is headquartered in Montréal, Canada.

Learn more at rithmik.com.

About Hitachi Construction Machinery

Hitachi Construction Machinery Co., Ltd. (TSE: 6305), headquartered in Tokyo, Japan, is a construction machinery manufacturer that globally deploys development, manufacturing, sales, and service businesses for its hydraulic excavators, wheel loaders, compaction equipment, and mining machinery, etc. In addition to its new machinery business, Hitachi Construction Machinery is expanding its “value chain businesses” of parts and services, remanufacturing (parts and machines), rentals, and used equipment as it continues to grow together with customers as a solutions provider that offers innovative solutions to customers. With roughly 26,000 employees around the world, the consolidated sales revenue for Hitachi Construction Machinery was 1,371.3 billion yen for fiscal year 2024 (ended March 2025) with an overseas sales revenue ratio of 84%. For more details, please see the company’s website.

The company plans to change its trade name to “LANDCROS Corporation” and its corporate brand to “LANDCROS” on April 1, 2027.

Contacts

Ross Barichievy

rbarichievy@rithmik.com
www.rithmik.com
1235 Notre-Dame St. W, Unit #112

Montreal, QC H3C 0B1

Hitachi Construction Machinery Invests in Rithmik Solutions to Accelerate Open, AI-Driven Mining Innovation

Hitachi Construction Machinery Invests in Rithmik Solutions to Accelerate Open, AI-Driven Mining Innovation




Hitachi Construction Machinery Invests in Rithmik Solutions to Accelerate Open, AI-Driven Mining Innovation

MONTRÉAL–(BUSINESS WIRE)–Rithmik Solutions, a leader in OEM-agnostic, AI-powered performance analytics for mobile mining equipment, today announced that Hitachi Construction Machinery Co., Ltd. has made a minority strategic investment in the company as part of Rithmik’s current financing round. The investment marks a significant milestone in the growing collaboration between Rithmik and Hitachi Construction Machinery. Together, the companies aim to advance the next generation of smart mining by combining Rithmik’s real-time fleet and asset-level insights with Hitachi Construction Machinery’s global presence and commitment to digital transformation.




Rithmik is fully OEM-agnostic, supporting mixed fleets and providing high-resolution analytics across all major mining equipment brands. Hitachi Construction Machinery recognizes that mining customers increasingly require site-wide solutions capable of supporting their entire fleet, regardless of manufacturer. The companies see this alignment as a key advantage for customers seeking interoperability, flexibility, and the ability to scale digital solutions across complex operations.

The Series A round also includes participation from Chrysalix Venture Capital, Sprout Fund, Fonds Ecofuel, Phoenix Fire, and Developer Capital. This investment will allow Rithmik to scale more quickly, support a growing customer base, and continue expanding its product suite—helping mines improve productivity, reliability, and sustainability across their fleets.

A Partnership Built on Innovation, Flexibility, and Customer Value

“We’re honoured to collaborate with Hitachi Construction Machinery, a company that shares our dedication to innovation, operational excellence, and collaboration,” said Ross Barichievy, CEO of Rithmik Solutions. “By leveraging Hitachi Construction Machinery’s global presence with Rithmik’s expertise in mining analytics, we aim to deliver unprecedented performance, reliability, and sustainability to customers worldwide.”

Eiji Fukunishi, Vice President and Executive Officer, President of the Mining Business Unit at Hitachi Construction Machinery, commented:

“This investment marks an important step towards Hitachi Construction Machinery’s goal of building open digital platforms with various partners. Combining Rithmik’s advanced, AI-powered data analysis technology with Hitachi Construction Machinery’s insight will help us provide more flexible solutions to our customers as well as contribute to increased productivity and reduced environmental impact at mining sites.”

Enabling the Future of Smart, Sustainable Mining

Rithmik’s technology aligns Operations and Maintenance of mobile equipment around high-impact priorities. Its advanced analytics go beyond predictive maintenance, turning complex equipment data into clear, actionable guidance that improves fleet performance, prevents failures earlier, and drives measurable gains in production efficiency and maintenance effectiveness. The financing will accelerate Rithmik’s global expansion, product development, and integration into additional digital mining ecosystems.

“This partnership strengthens our ability to support miners who are navigating rising production pressures, decarbonization commitments, and increasingly complex operational environments,” Barichievy added. “By working with partners like Hitachi Construction Machinery, we can help the industry transition toward more sustainable, data-driven operations.”

About Rithmik Solutions

Rithmik Solutions delivers the world’s most precise OEM-agnostic analytics for mobile mining equipment. Using advanced AI, Rithmik aligns Operations and Maintenance to help mines detect issues earlier, optimize performance, reduce environmental impact, and improve fleet-wide reliability and utilization across all major equipment brands. Rithmik is headquartered in Montréal, Canada.

Learn more at rithmik.com.

About Hitachi Construction Machinery

Hitachi Construction Machinery Co., Ltd. (TSE: 6305), headquartered in Tokyo, Japan, is a construction machinery manufacturer that globally deploys development, manufacturing, sales, and service businesses for its hydraulic excavators, wheel loaders, compaction equipment, and mining machinery, etc. In addition to its new machinery business, Hitachi Construction Machinery is expanding its “value chain businesses” of parts and services, remanufacturing (parts and machines), rentals, and used equipment as it continues to grow together with customers as a solutions provider that offers innovative solutions to customers. With roughly 26,000 employees around the world, the consolidated sales revenue for Hitachi Construction Machinery was 1,371.3 billion yen for fiscal year 2024 (ended March 2025) with an overseas sales revenue ratio of 84%. For more details, please see the company’s website.

The company plans to change its trade name to “LANDCROS Corporation” and its corporate brand to “LANDCROS” on April 1, 2027.

Contacts

Ross Barichievy

rbarichievy@rithmik.com
www.rithmik.com
1235 Notre-Dame St. W, Unit #112

Montreal, QC H3C 0B1

Greater Manchester Police Selects Mark43 to Deliver New Records Management System

Greater Manchester Police Selects Mark43 to Deliver New Records Management System




Greater Manchester Police Selects Mark43 to Deliver New Records Management System

MANCHESTER, England–(BUSINESS WIRE)–Greater Manchester Police (GMP) has selected Mark43 to deliver its new Records Management System (RMS) following a rigorous procurement process. The new system will replace GMP’s current platform and provide enhanced support to officers and staff in their daily work. Mark43 will collaborate closely with GMP leadership, police officers, and staff to ensure the system is tailored to the force’s operational needs and delivers lasting benefits to the public.


Mark43 RMS is a secure, cloud-native platform designed to streamline workflows, reduce administrative burdens, and ensure critical information is accessible when and where it is needed. Already trusted by police forces across the United States and the United Kingdom, the system provides the scalability and resilience required for modern policing.

Bob Hughes, CEO of Mark43, said: “We are honored to have been selected by Greater Manchester Police to deliver this mission-critical system. This milestone reflects the UK’s commitment to cloud-native tools to support police, and we are excited to move forward in partnership with GMP to help officers and staff spend more time in the community, where they are needed most.”

Matt Polega, Co-Founder, President, and Managing Director, Mark43 UK said: “This partnership underscores our dedication to providing reliable, modern technology to UK policing. We look forward to working hand-in-hand with Greater Manchester Police to ensure the system meets the unique needs of officers and staff and strengthens the force’s ability to deliver for the public.”

About Mark43

Mark43 brings modern technology to public safety, helping policing and emergency services work faster, smarter, and keep communities safer. Its integrated Records Management, Command & Control, and Data Analytics solutions form a unified, real-time platform that streamlines workflows and improves response times. Trusted by more than 300 agencies across the UK and U.S., Mark43’s cloud-native platform equips public safety professionals with innovative tools, AI capabilities, and a robust cybersecurity foundation to help agencies meet the challenges of today and tomorrow. Visit www.mark43.com

Contacts

Media Contact
Devora Kaye

press@mark43.com

Greater Manchester Police Selects Mark43 to Deliver New Records Management System

Greater Manchester Police Selects Mark43 to Deliver New Records Management System




Greater Manchester Police Selects Mark43 to Deliver New Records Management System

MANCHESTER, England–(BUSINESS WIRE)–Greater Manchester Police (GMP) has selected Mark43 to deliver its new Records Management System (RMS) following a rigorous procurement process. The new system will replace GMP’s current platform and provide enhanced support to officers and staff in their daily work. Mark43 will collaborate closely with GMP leadership, police officers, and staff to ensure the system is tailored to the force’s operational needs and delivers lasting benefits to the public.


Mark43 RMS is a secure, cloud-native platform designed to streamline workflows, reduce administrative burdens, and ensure critical information is accessible when and where it is needed. Already trusted by police forces across the United States and the United Kingdom, the system provides the scalability and resilience required for modern policing.

Bob Hughes, CEO of Mark43, said: “We are honored to have been selected by Greater Manchester Police to deliver this mission-critical system. This milestone reflects the UK’s commitment to cloud-native tools to support police, and we are excited to move forward in partnership with GMP to help officers and staff spend more time in the community, where they are needed most.”

Matt Polega, Co-Founder, President, and Managing Director, Mark43 UK said: “This partnership underscores our dedication to providing reliable, modern technology to UK policing. We look forward to working hand-in-hand with Greater Manchester Police to ensure the system meets the unique needs of officers and staff and strengthens the force’s ability to deliver for the public.”

About Mark43

Mark43 brings modern technology to public safety, helping policing and emergency services work faster, smarter, and keep communities safer. Its integrated Records Management, Command & Control, and Data Analytics solutions form a unified, real-time platform that streamlines workflows and improves response times. Trusted by more than 300 agencies across the UK and U.S., Mark43’s cloud-native platform equips public safety professionals with innovative tools, AI capabilities, and a robust cybersecurity foundation to help agencies meet the challenges of today and tomorrow. Visit www.mark43.com

Contacts

Media Contact
Devora Kaye

press@mark43.com

Cadeler Strengthens Balance Sheet with Additional Unsecured Green Corporate Loan Facility

Cadeler Strengthens Balance Sheet with Additional Unsecured Green Corporate Loan Facility




Cadeler Strengthens Balance Sheet with Additional Unsecured Green Corporate Loan Facility

COPENHAGEN, Denmark–(BUSINESS WIRE)–Cadeler A/S (“Cadeler”) today announces that it has further strengthened its financial position with the addition of a second unsecured green corporate term loan facility (the “Green Corporate Loan Facility”), in the aggregate amount of EUR 60 million with a non-committed accordion option of up to EUR 80 million.


The Green Corporate Loan Facility, with a tenor of up to five years, was arranged and coordinated by The Hongkong and Shanghai Banking Corporation Limited, Singapore Branch (“HSBC”) and Clifford Capital Holdings Pte. Ltd. (“Clifford Capital”) as Mandated Lead Arrangers, with HSBC as Green Loan Coordinator and Facility Agent, and both HSBC and Clifford Capital as lenders.

The facility will be used for general corporate purposes, enhancing Cadeler’s balance sheet and its financial flexibility. With this financing in place, Cadeler strengthens its capacity to navigate current market dynamics and opportunities, support its strategic priorities, and maintain its financial resilience, underpinning its commitment to sustainable growth and its ability to execute the largest and most complex offshore wind installation projects.

About Cadeler:

Cadeler A/S (Cadeler) is a global leader in offshore wind installation, operations, and maintenance services. Cadeler is a pure play company, operating solely in the offshore wind industry with an uncompromising focus on safety and the environment. Cadeler owns and operates the industry’s largest fleet of jack-up offshore wind installation vessels and has for more than a decade been a key supplier in the development of offshore wind energy to power millions of households. Cadeler’s fleet, expertise and capacity to handle the largest and most complex next-generation offshore wind installation projects positions the company to deliver exceptional services to the industry. Cadeler is committed to being at the forefront of sustainable wind farm installation and to enabling the global energy transition towards a future built on renewable energy. Cadeler is listed on the New York Stock Exchange (ticker: CDLR) and the Oslo Stock Exchange (ticker: CADLR). For more information, please visit www.cadeler.com

Contacts

Cadeler Press Office

press@cadeler.com
+45 2830 6905

Mikkel Gleerup

CEO, Cadeler

+45 3246 3102

mikkel.gleerup@cadeler.com

Alexander Simmonds

EVP & CLO, Cadeler

+44 7376 174172

alexander.simmonds@cadeler.com

Wayve Acquires Quality Match to Strengthen Data Quality and Safety for AI Driving Systems

Wayve Acquires Quality Match to Strengthen Data Quality and Safety for AI Driving Systems




Wayve Acquires Quality Match to Strengthen Data Quality and Safety for AI Driving Systems

Strategic acquisition deepens Wayve’s AI data capabilities and expands its presence in Germany following the launch of its Testing and Development Hub near Stuttgart.


LONDON–(BUSINESS WIRE)–#autonomousvehicles–Wayve, the leader in Embodied AI for autonomous driving, today announced the acquisition of Quality Match, a German startup known for its expertise in data quality assurance for computer vision datasets and artificial intelligence. This acquisition reflects Wayve’s continued investment in data accuracy as a cornerstone of safe and scalable autonomous driving.

Founded in 2019, Quality Match brings deep expertise in interpreting and analysing data used to train AI models for applications such as advanced assisted and automated driving. As Wayve advances toward the commercial deployment of its AI Driver software, integrating Quality Match strengthens its ability to efficiently develop high-quality, auditable datasets that are essential for building reliable and explainable AI models.

Quality Match’s team of 20 specialists, based in Germany, will join Wayve’s global operations. The acquisition expands Wayve’s presence in the country following the launch of its Testing and Development Hub near Stuttgart in early 2025, further establishing Germany as a key center for engineering and AI innovation within Wayve. Daniel Kondermann, CEO of Quality Match, will join Wayve as Director of Data.

Alex Kendall, Co-founder and CEO of Wayve:

“Bringing Quality Match into Wayve marks a strategic step forward in our commitment to deliver safe and trustworthy AI. Daniel and his team have built exceptional expertise in data quality and understanding for AI, which will strengthen the robustness, interpretability, and performance of our systems.

We’re thrilled to welcome the Quality Match team as we continue building the Embodied AI foundation models that will power the next generation of intelligent mobility.”

Daniel Kondermann, Director of Data at Wayve and former CEO of Quality Match:

“At Quality Match, our mission has been to enhance data quality through advanced quality assurance and annotation optimization. I’m incredibly proud of what our team has built.

Joining Wayve is an exciting opportunity to apply our expertise to one of the most exciting domains: autonomous driving. Together with Wayve’s pioneering approach to embodied intelligence, we can accelerate the development of safe and scalable AI.”

About Wayve

Founded in 2017, Wayve is the leading developer of Embodied AI technology for automated driving. Its advanced AI software and foundation models for autonomy enable vehicles to perceive, understand, and navigate any environment, enhancing the usability and safety of autonomous driving systems. Wayve develops mapless and hardware-agnostic Embodied AI products for automakers and fleet owners, accelerating the path from assisted to automated driving. Backed by top investors like SoftBank Group, NVIDIA, Uber, and Eclipse Ventures, Wayve’s mission is to reimagine mobility with embodied intelligence. To learn more, please visit www.wayve.ai.

Contacts

media@wayve.ai 

Regnology Completes Acquisition of Wolters Kluwer’s Finance, Risk & Regulatory Reporting Business

Regnology Completes Acquisition of Wolters Kluwer’s Finance, Risk & Regulatory Reporting Business




Regnology Completes Acquisition of Wolters Kluwer’s Finance, Risk & Regulatory Reporting Business

The deal strengthens Regnology’s leadership in compliance technology, expands capabilities in risk and finance, and reinforces its commitment to innovation and client continuity.

FRANKFURT, Germany–(BUSINESS WIRE)–#finance–Regnology, a global leader in regulatory reporting and supervisory technology, today announces the successful closing of its acquisition of Wolters Kluwer’s Finance, Risk & Regulatory Reporting (FRR) business. This milestone reinforces Regnology’s position as the trusted partner for financial institutions and regulators worldwide, delivering smarter, faster compliance solutions at scale.


Regnology is committed to ensuring business continuity for all FRR clients. With a proven track record in seamless migrations and a unified data model on a scalable SaaS platform, institutions can maintain compliance securely and efficiently throughout the integration process.

The acquisition underscores Regnology’s vision to combine regulatory expertise with innovation. The recently launched RRH Ascend platform exemplifies this commitment, offering cloud-native architecture, advanced automation, and AI-driven insights to transform regulatory data into strategic value.

By integrating Wolters Kluwer’s FRR OneSumX for Finance and OneSumX for Risk, Regnology delivers extended capabilities for CFOs and CROs. These award-winning solutions provide advanced accounting and reporting, real-time financial data processing, and robust risk analytics and modelling aligned with global frameworks—empowering organizations to manage financial and risk data holistically and transform data into actionable control and oversight.

Rob Mackay, CEO of Regnology, commented: “This acquisition significantly strengthens our regulatory reporting capabilities while expanding our ability to serve Chief Financial Officers and Chief Risk Officers with a broader suite of tools. By integrating additional finance and risk functionalities, we enable institutions to deliver greater transparency, resilience, and strategic value across the organization.”

Regnology is delighted to welcome new colleagues from Wolters Kluwer FRR into its entrepreneurial culture. Their deep expertise and industry knowledge will accelerate innovation and strengthen the company’s ability to deliver trusted solutions worldwide. With more than 2,000 employees across 30 countries and offices in key financial centers throughout Europe, the Americas, and Asia Pacific, Regnology’s presence spans over 100 countries—serving global Tier 1 banks, local institutions, and financial authorities of all sizes.

About Regnology

Regnology is a recognized leader in regulatory, risk, tax, and finance reporting technology— connecting regulators and the regulated across more than 100 countries. Our unique position enables us to span the full spectrum of industry needs, delivering solutions that address both oversight and compliance requirements to a broad range of clients, including global Tier 1 banks, local and regional institutions, corporates, insurers, and authorities.

With presence in over 30 countries and deep local expertise, Regnology combines a truly global approach with an understanding of regional regulatory requirements. Our unified data model and “map once, report many” methodology ensure consistency, auditability, and scalability across jurisdictions, while our modular, cloud-native solutions empower clients to achieve compliance, unlock enterprise-wide insights, and future-proof their operations.

Regnology’s leadership is underpinned by fast-paced growth and a front-running approach to innovation, continually investing in automation, AI, and domain expertise to deliver future-ready solutions.

For more information about Regnology, connect with us on LinkedIn and X.

Visit our website: www.regnology.net.

Contacts

Press Contact

Mireille Adebiyi – Chief Marketing Officer

Email: mireille.adebiyi@regnology.net