Risk advisory firm Kharon signed a contract with the Treasury Department that will give the agency access to Kharon's risk analytics platform and services, Kharon said in a May 7 news release. The company said Treasury will use Kharon's platform to help "with its mission of disrupting the financial operations that underpin the networks of foreign actors tied to global security threats," including terrorism, weapons proliferation, Russia's invasion of Ukraine, human rights violations and more. Kharon didn't disclose the terms of the contract.
OverRuled, a research platform managed by Akin Gump focused on government regulatory and enforcement data, has acquired sanctions guidance research system Turbofac, Akin Gump said last week. The firm said Turbofac, a database that compiles guidance statements and other documents from the Office of Foreign Assets Control, will make OverRuled an “essential one-stop-shop for sanctions professionals globally.” The terms of the deal weren’t disclosed.
Descartes Systems Group is buying export compliance solutions and content provider OCR Services, it said March 28. Descartes acquired OCR for about $90 million.
AIT Worldwide Logistics acquired the Netherlands-based Global Transport Solutions Group, a “prominent international freight forwarder specializing in time-critical marine spare parts logistics,” AIT said in a Feb. 1 news release. The terms of the deal weren’t disclosed.
Private equity firm TPG acquired a majority stake in Sayari, it said in a news release Jan. 16. The agreement between the companies allows TPG “to make an up to $228 million strategic majority investment in Sayari,” the release said. “Sayari’s founders, employees, and existing investors will retain a significant stake in the company.” Sayari recently won government contracts for services to support anti-forced labor efforts by CBP and the Labor Department (see 2401050051).