NEW YORK, Dec. 6, 2016 /PRNewswire/ -- IPSA International (IPSA), a root9B Holdings (OTCQB: RTNBD) company and leading regulatory risk mitigation firm, today announced a contract extension with a global financial company. The new agreement is worth at least $875,000 and extends this relationship through the end of 2017.
The client is one of the world's 30 largest multinational financial institutions and has contracted with IPSA to provide Anti-Money Laundering (AML) related compliance support associated with Know Your Customer (KYC) requirements. KYC requirements help financial institutions avoid illicit transactions by improving their view of a client's identities and business relationships.
IPSA assists clients in mitigating risks throughout the world. The information and analysis it provides is utilized to increase and protect clients' investments and assets by offering improved transparency to the choices they make, or uncovering wrongdoings within their organization. IPSA accomplishes this by providing timely, accurate and actionable intelligence.
"We are delighted our client has asked us to engage in another project," said Gary Ferrari, Senior Managing Director of IPSA International. "This agreement extends our relationship to include a second location outside the scope of our original engagement with this company. IPSA has a seasoned team of professionals working on important matters for our clients, with the goal of providing exceptional support every day."
IPSA International, a root9B Holdings company, is a regulatory risk mitigation firm delivering advisory and investigative services globally in the areas of Anti-Money Laundering, Investigative Due Diligence, Enterprise Risk Management and Litigation Support. Our clients include public and private middle market businesses, multi-national corporations, financial institutions and governments. IPSA International has offices in the US, UK, Canada, UAE and Hong Kong, resources in over 75 countries and research capabilities in 20 languages.
About root9B Holdings
root9B Holdings is a leading provider of Cybersecurity and Regulatory Risk Mitigation. Through its wholly owned subsidiaries root9B and IPSA International, root9B Holdings delivers results that improve productivity, mitigate risk and maximize profits. Our clients range in size from Fortune 100 companies to mid-sized and owner-managed businesses across a broad range of industries including local, state, and government agencies. For more information, visit www.root9BHoldings.com
Forward Looking Statements
Certain information contained in this press release may include certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the estimated value of the contract and future financial performance. These statements are based on the Company's current expectations or beliefs and are subject to uncertainty and changes in circumstances. Actual results may vary materially from those expressed or implied by the statements herein due to changes in economic, business, competitive and/or regulatory factors, and other risks and uncertainties affecting the operation of the Company's business. These risks, uncertainties and contingencies are indicated from time to time in the Company's filings with the Securities and Exchange Commission. The information set forth herein should be read in light of such risks. Further, investors should keep in mind that root9B Holdings financial results in any particular period may not be indicative of future results. root9B Holdings is under no obligation to, and expressly disclaims any obligation to, update or alter its forward-looking statements, whether as a result of new information, future events, changes in assumptions or otherwise.
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SOURCE IPSA International