Pinsent Masons announces sale of Cerico

Pinsent Masons has announced the sale of Cerico, its Glasgow-based online compliance solutions business, to business and financial information firm Dow Jones for an undisclosed sum.

Pinsent Masons launched Cerico in 2013 as a joint venture with IT consultancy Campbell Nash, subsequently taking a majority stake in 2015.

As part of the transaction Pinsent Masons will retain a strategic relationship with Dow Jones through which it will continue to provide the legal content for compliance solutions and deliver supplementary legal compliance support and consultancy to Dow Jones’ clients where required.

Richard Foley, senior partner at Pinsent Masons (pictured), said: “As the business has moved toward its next phase of growth, it has been clear that it will need to integrate with a wider range of business and financial data to support the full range of client need. In that respect Dow Jones is the perfect partner to ensure that Cerico achieves its full potential. We very much look forward to working with the Dow Jones team in future to the benefit of our mutual clients.”