A "successor company" refers to a new organization that takes over or continues the work, responsibilities, or assets of a previous company. It is the company that follows and carries on the legacy of its predecessor. Full definition
In some circumstances, accumulated net operating losses (NOLs) can even serve as the keystone of a successful successor company. (lifescienceslegalinsights.com)
«We will also monitor closely any successor companies using our powers to audit and inspect, to ensure the public is safeguarded,» a spokeswoman for the Information Commissioner's Office said in a statement. (cnbc.com)
The ICO added that it will «closely monitor any successor companies,» countering the possibility of Cambridge Analytica could simply continue under a different name to avoid scrutiny. (businessinsider.com)