Behavox Acquires Mosaic Smart Data To Enhance Financial Compliance Solutions

Behavox has acquired Mosaic Smart Data, a company that helps financial firms find useful information in their transaction records. The details of the agreement were not shared.

Mosaic Smart Data’s software helps firms in Fixed Income, Currencies, and Commodities markets by improving liquidity discovery and decision-making.

Behavox Expands With Acquisition And Financial Backing

The system gathers transaction records from inside the company and outside sources, organizes them, and uses models to find useful details. The technology is used by financial institutions in different regions, including well-known names like JPMorgan and ING.

Behavox first focused on tools to check employee behavior in financial firms. Over time, it added a system for keeping records and another for handling knowledge and company rules. Mosaic’s system will be used in a trade monitoring tool that is being tested by customers before its full release.

Erkin Adylov, leader of Behavox, said the company was pleased to bring the Mosaic Smart Data team on board and looked forward to the benefits the combined system would offer customers.

Meanwhile, Behavox secured a $70 million credit facility from Hercules Capital, Inc. The company stated that the funding would strengthen its financial position and support its plans for expansion.

Behavox Strengthens Growth Plans With New Funding

Behavox reported that the funds would be used for acquisitions and the development of new products to support compliance teams worldwide.

Moreover, Behavox is known for its communication monitoring and record-keeping solutions and plans to introduce new tools for trade monitoring, control room management, and sanction screening. With the support of the new funding, Behavox intends to speed up product launches and expand its reach.

Kiryl Trembovolski, Chief Operating Officer of Behavox, said securing this funding reflected the company’s strong financial position. He said the company remained focused on growth through acquisitions and welcomed the partnership with Hercules Capital.

Hercules Capital shared its support for the collaboration, stating that while many companies focus on expansion, only a few achieve profitability with a clear value for customers. Steve Kuo, Senior Managing Director at Hercules Capital, said the firm looked forward to working with Behavox as it continued to grow.

Behavox remains committed to improving its products and noted that its record-keeping system has seen strong demand since its launch. The company said this system helps businesses manage compliance across various communication channels, reduce costs, and improve regulatory oversight.