The deal positions innovative provider of cosmetics industry regulatory and compliance software solutions to scale more quickly
Raleigh, NC — Cordance (formerly The Permanent Group) today announced the acquisition of Ithos Global. The new relationship creates the opportunity for Ithos Global to tap the operational expertise of the Cordance team and financial resources to scale the company more quickly.
“We pursued the Ithos Global acquisition because of the huge 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 potential.”
Ken Bubeck (pictured), founder and CEO, launched Ithos Global in 2009. Today, with 25 employees around the country, the company is headquartered in Troy, NY.
“We continue to attract new and larger cosmetic brands because we deliver effective technology solutions with unparalleled service and expertise,” says Bubeck. “Cordance truly recognized our value and the prospect to grow our market share in the cosmetics industry. We are grateful to join its family of companies. The Ithos Global team will continue to serve its customers as it works with Cordance to enhance customer service, expand its technology offerings and grow to serve more clients.”
***
Ithos Global provides cosmetic regulatory compliance and formulation management software solutions. Founded in 2009, its subscription packages offer technical tools and regulatory expertise that fulfill the needs of make-up brands and personal care manufacturers of all sizes. By assuring compliance and workflow efficiency, Ithos Global’s cloud-based software and regulatory knowledge create a strategic advantage for all of its clients.
Cordance 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.
