Under a definitive agreement announced on August 14th, Mantas was acquired in an all cash transaction of USD 122.6 Million. With the completion of all regulatory approvals, Mantas is now a wholly owned subsidiary of i-flex solutions. S.Ramakrishnan, CEO of Reveleus-i-flexs Business Analytics division, will take additional charge as CEO of Mantas. SR has nearly 25 years of banking and technology experience spanning India, the Middle East, Singapore, New York and Silicon Valley, and has led Reveleus from a start-up to a leading product in the Risk and Compliance space. Simon Moss, who has provided leadership as CEO of Mantas, will take on the role of Strategic Advisor to i-flex, focusing on key projects and providing guidance and support for a smooth transition. Reveleus and Mantas will bring together two industry leading solutions into a single unified platform for governance, risk and compliance. i-flex solutions has established strong credentials in the risk and compliance area, with its award-winning Reveleus solution suite enjoying rapid adoption by global Tier 1 organizations. The Mantas Behavior Detection Platform is the industrys most comprehensive solution for detecting risk and addressing regulatory requirements in the anti-money laundering, trading and broker compliance areas.
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