Keensight to sell FircoSoft to Reed Elsevier

Reed Elsevier plans to combine its acquisition with Accuity, the British business information company's provider of payment routing data and anti money-laundering.

The deal is expected to go through in the coming weeks, pending the completion of a consultation with FircoSoft's works council.

Previous funding
Keensight, then R Capital Management, acquired the Paris-based software company when it span out of the Sword Group in 2011, leading the deal alongside management and Paris Orléans – the parent company of Rothschild Group.

Company
Founded in 1990, FircoSoft develops and provides sanctions screening software to business. The company's product allows banks and firms to filter customers and transactions against sanctions and watch-lists to ensure compliance with regulations, such as money laundering and terrorist financing.

FircoSoft has 700 customers and offices in 11 cities, including New York, São Paulo, Pretoria and Chennai. The firm is based in Paris.

People
Jérôme Pujol is managing partner at Keensight. 

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