Dow Jones Increases Investment in Ripjar
November 8, 2024
Enhanced Minority Ownership Stake Reinforces Commitment to the Risk and Compliance Sector
NEW YORK – [NOVEMBER 8, 2024] – Today, Dow Jones announced an expansion of its ownership in Ripjar, a leading global provider of data intelligence software. This strategic investment embodies Dow Jones’s ongoing dedication to delivering cutting-edge AI solutions to the risk and compliance sector. This move is part of a series of investments and initiatives that have enabled Dow Jones to emerge as a premier information service provider.
Ripjar has been at the forefront of developing new technologies designed to shield financial institutions and organizations from the escalating threats of money laundering, fraud, cybercrime, and terrorism since its inception. Dow Jones has partnered with Ripjar since 2018 to offer advanced risk screening and monitoring solutions to thousands of compliance clients, having made its initial equity investment in Ripjar in 2023.
“Our mission is to deliver the most trusted journalism, data, and analysis to facilitate informed decision-making. Increasing our investment in Ripjar enables Dow Jones to better serve the expanding global Risk and Compliance community,” stated Almar Latour, CEO of Dow Jones and Publisher of The Wall Street Journal. “We are continually looking for ways to enhance our products and services for professionals navigating an increasingly complex global economy and staying informed about the changing regulatory environment.”
Joel Lange, Dow Jones’s executive vice president and general manager of Risk & Research, will collaborate closely with Ripjar’s recently appointed CEO Tom Obermaier and majority investor Long Ridge Equity Partners to expand operations internationally, as well as to assist new and existing clients in navigating a complex compliance landscape.
With this enhanced ownership stake, Dow Jones reaffirms the significance of this enduring partnership while bolstering its position at the forefront of innovation. This also marks the latest investment in new and emerging technologies that augment its B2B products and services portfolio. Earlier this year, Dow Jones acquired A2i Systems, a leader in AI-driven fuel pricing solutions, to support its growing energy sector and inject innovation throughout its offerings.
This investment comes amid a period of significant growth for Dow Jones Risk & Compliance, which delivers top-tier data, integrated technological solutions, and due diligence services for handling regulatory and reputational risk. In fiscal year 2024, this segment achieved a 16% year-over-year growth, approaching $300 million in revenues.
About Dow Jones
Dow Jones is a global provider of news and business information, delivering content to audiences and organizations worldwide through various formats, including print, digital, mobile, and live events. For over 130 years, Dow Jones has produced unparalleled quality content and currently boasts one of the largest global news-gathering networks. It includes leading publications and products such as The Wall Street Journal, the largest newspaper in the U.S. by paid circulation; Barron’s, MarketWatch, Mansion Global, Financial News, Investor’s Business Daily, Factiva, Dow Jones Risk & Compliance, Dow Jones Newswires, OPIS, and Chemical Market Analytics. Dow Jones is a division of News Corp (Nasdaq: NWS, NWSA; ASX: NWS, NWSLV).
About Ripjar
Ripjar is a data intelligence platform dedicated to assisting organizations and governments in automating the detection, investigation, and monitoring of threats from criminal activities. Established by former members of the UK’s Government Communications Headquarters (GCHQ), Ripjar creates software products that integrate automation, artificial intelligence, and data visualization to help organizations address complex risk and security management challenges at scale. For further information, visit www.ripjar.com and follow @Ripjar on LinkedIn.
Press Contact
Lauren McCabe
Dow Jones
[email protected]
