Rimes shutters market surveillance business amid strategy overhaul
The data management firm is undergoing a multi-year program to unravel its surveillance business, as it looks to throw its weight behind its flagship data offerings.
Rimes Technologies is unwinding its RegFocus Market Surveillance solutions as part of a strategic shakeup, following its takeover by private equity firm EQT in February 2020.
Brad Hunt, the newly appointed CEO of Rimes, tells WatersTechnology that soon after taking on the role, he decided the market surveillance solutions were not central to the Rimes business and no longer aligned with the firm’s strategic direction.
“We’ve made a decision to exit the market surveillance side of the business
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