Dow Jones announced today it has expanded its ownership stake in Ripjar, a global leader in data intelligence software. This investment reflects Dow Jones’s ongoing commitment to offering advanced AI to the risk and compliance community. This 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 launch, Ripjar has developed new technologies to protect financial firms and enterprises from the rising threat of money laundering, fraud, cyber crime and terrorism. And 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.
Dow Jones’s executive vice president and general manager of Risk & Research Joel Lange will be working closely along with 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.
Through this increased stake, Dow Jones reinforces the importance of this long-standing partnership while strengthening its own position at the forefront of innovation. And 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 had 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 funding comes during 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. This fiscal year, the business grew 16% year-over-year, reaching nearly $300 million in revenues.
KEY QUOTE:
“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. 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.”
– Almar Latour, CEO of Dow Jones and Publisher of The Wall Street Journal
