Recurring Subscription RevenueA subscription- and licensing-based model creates durable, predictable revenue and stronger customer lifetime value. Recurring fees support steady ARR, enable multi-year client relationships, and justify ongoing product investment that sustains revenue visibility over months.
Tech-enabled Compliance OfferingPositioning as a technology and analytics leader in risk and compliance raises barriers to entry and supports differentiated services. Analytics-driven tools and advisory services can create higher switching costs and enable cross-sell, underpinning durable competitive advantage.
Proven Cash Generation (2024)A history of strong operating and free cash flow demonstrates the business can convert revenue to cash under normal conditions, supporting investment, working capital and debt servicing. This prior cash-conversion ability is a meaningful structural strength despite recent weakness.