Dynatrace, a provider of digital performance management software, has purchased Swiss RegTech company Qumram.
The startup, which captures digital interactions to ensure compliance, prevent fraud and enrich customer service, will expand Dynatrace’s digital experience capabilities by providing it with the ability to visually replay a user session within its existing platform.
Qumram’s product will be re-engineered and will form part of an ‘expanded digital experience analytics offering’ that will be announced early next year according to the company, which also plans to double Qumram’s existing engineering team in Barcelona.
John Van Siclen, Dynatrace CEO, said: “We already pride ourselves on providing the most advanced digital performance offering in the market with unified real-user and synthetic monitoring for mobile, web and IoT applications. With the addition of Qumram’s IP and engineering talents, we look forward to extending our digital experience leadership with advanced behavioural analytics that will combine session replay with our unique AI analytics capabilities.”
Headquartered in Waltham, Massachusetts, Dynatrace’s AI-powered, full stack solution provides insights into customer experience, application performance management, and infrastructure monitoring—including servers, containers, and cloud—end-to-end.
Back in December 2016, Qumram landed $1.67m from a funding round led by Mundi Ventures. The startup previously raised capital from angel investors Ariel Luedi, Peter Stalder, as well as Zirkonia, 3wVentures and Early Stage Venture Capital.
In the first three quarters of 2017, the compliance subsector saw more-than $200m invested across 20 deals according to data by FinTech Global. The largest deal came in July, with HyTrust landing $36m in a Series E funding round. HyTrust, which specialises in security, compliance and control software, landed capital from Advance Venture Partners Sway Ventures, Epic Ventures, Vanedge Capital, Trident Capital, Cisco, Fortinet, Intel and VMware.
Qumram was recently hand-picked by a panel of industry experts for the RegTech 100, a list of companies that every financial institution should know about in 2018. The RegTech 100 is part of the Global RegTech review – an essential, in-depth analysis of the global RegTech market.
The full report can be viewed here: http://regtech100.com/
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