Increased Minority Ownership Stake Furthers
Growing Commitment to the Risk and Compliance Market
NEW
YORK, Nov. 8, 2024 /PRNewswire/ -- Dow Jones
today announced it has expanded its ownership stake in
Ripjar, a global leader in data intelligence software. This
strategic investment reflects Dow Jones's ongoing commitment to
providing leading-edge AI to the risk and compliance community. The
move is the latest in a series of investments and initiatives that
have helped transform Dow Jones to become a leading information
service provider.
Since its founding, Ripjar has pioneered new technologies to
protect financial firms and enterprises from the rising threat of
money laundering, fraud, cyber crime and terrorism.
Dow Jones has partnered with Ripjar since 2018 to deliver advanced
risk screening and monitoring solutions to thousands of compliance
customers. It first announced an equity investment in Ripjar in
2023.
"It's our mission to deliver the world's most trusted
journalism, data and analysis to help people make decisions. Our
increased investment in Ripjar helps Dow Jones in serving the
growing global Risk and Compliance community," said Almar Latour, CEO of Dow Jones and Publisher
of The Wall Street Journal. "We continue to find ways to expand our
products and services to professionals who navigate an increasingly
complex global economy and remain up-to-date on the evolving
regulatory landscape."
Dow Jones's executive vice president and general manager of Risk
& Research Joel Lange
will work closely alongside Ripjar's newly appointed CEO
Tom Obermaier and majority
investor Long Ridge Equity Partners to grow its operations
internationally, as well as supporting new and existing customers
to navigate a complex compliance landscape.
With this increased stake, Dow Jones reinforces the importance
of this long-standing partnership while strengthening its own
position at the forefront of innovation. This is also the
latest investment the company has made in new and emerging
technologies that further its portfolio of B2B products and
services. Earlier this year, Dow Jones acquired A2i Systems, a
world leader in AI-powered fuel pricing solutions, to support its
growing energy business and infuse innovation across the
portfolio.
This investment comes at a time of rapid growth for Dow Jones
Risk & Compliance, which provides best-in-class data,
integrated technology solutions and due diligence services for
managing regulatory and reputational risk. In fiscal year 2024, the
business grew 16% year-over-year, reaching nearly $300 million in revenues.
About Dow Jones
Dow Jones is a global provider of news
and business information, delivering content to consumers and
organizations around the world across multiple formats, including
print, digital, mobile and live events. Dow Jones has produced
unrivaled quality content for more than 130 years and today has one
of the world's largest news-gathering operations globally. It is
home to leading publications and products including the flagship
Wall Street Journal, America's largest newspaper by paid
circulation; Barron's, MarketWatch, Mansion Global, Financial News,
Investor's Business Daily, Factiva, Dow Jones Risk &
Compliance, Dow Jones Newswires, OPIS and Chemical Market
Analytics. Dow Jones is a division of News Corp (Nasdaq: NWS, NWSA;
ASX: NWS, NWSLV).
About Ripjar
Ripjar is a data intelligence platform company whose mission is to
help organisations and governments automate the detection,
investigation, and monitoring of threats from criminal activity.
Founded by former members of the UK's Government Communications
Headquarters (GCHQ), Ripjar develops software products that combine
automation, artificial intelligence, and data visualisation to help
companies solve the most complex risk and security management
problems at scale. For more information, visit www.ripjar.com and
follow @Ripjar on LinkedIn.
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SOURCE Dow Jones & Company, Inc.