Cordance Completes Acquisition of Ithos Global
FOR IMMEDIATE RELEASE
16 W. Martin Street
Raleigh, NC 27601
Cosmetics industry regulatory and compliance software company set to grow with direction from Cordance
Raleigh, NC, 1/28/22: Cordance today announced its acquisition of Ithos Global of Troy, New York. This new relationship will allow Ithos management and employees the opportunity to benefit directly from the many years of expertise of the Cordance team, and allows Ithos the advantage of the Cordance’s financial resources to help scale the company.
“We pursued the Ithos Global acquisition because of so many opportunities for expansion in its market,” says John Bennett, CEO at Cordance. “We’re eager to start working to accelerate its near- and long-term growth and profit potential.”
“Our clients’ acceptance of Ithos Global technology and service over the last 13 years has validated our value through this process,” says Ken Bubeck, founder and CEO at Ithos Global. “We are grateful to be a part of Cordance Group’s family of companies and the prospects for our role in the cosmetic-product market are exciting.”
Ithos Global (ithosglobal.com) is a regulatory compliance and formulation management software solution for the cosmetics industry. Its subscription packages include the technical tools and regulatory expertise to fulfill the needs of any cosmetic brand or manufacturer to assure compliance and workflow efficiency. Its cloud-based software and up-to-date regulatory knowledge gives a distinct strategic advantage to its clients. Ithos Global was founded in 2009.
Cordance (cordance.co) is dedicated to accelerating the growth of vertically focused business-to-business (B2B) software-as-a-service (SaaS) companies through acquisition and long-term tactical and financial guidance. Cordance’s team of experienced operators and subject-matter experts have a passion for software and building businesses, and partner with founders to help them scale their businesses and realize their companies’ full potential. Cordance seeks businesses with strong leadership and high potential for profitable growth to work together to increase year-over-year revenue, company efficiency, and impact. Cordance is based in Raleigh, North Carolina.