The deal positions innovative provider of cosmetics industry regulatory and compliance software solutions to scale more quickly
The Permanent Group today announced the acquisition of Ithos Global of Troy, New York. The new relationship creates opportunity for Ithos to tap the operational expertise of the Permanent Group 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 Permanent Group. “We’re eager to start working to accelerate its near- and long-term growth potential.”
“We continue to attract new and larger cosmetic brands because we deliver effective technology solutions with unparalleled service and expertise,” says Ken Bubeck, founder and CEO at Ithos Global.
“Permanent Group truly recognised 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 the Permanent Group to enhance customer service, expand its technology offerings and grow to serve more clients.”