VC-backed Compliance Science hires new product strategy chief

Compliance Science said Thursday that it has tapped Scott Bieker as chief of product strategy. Previously, Bieker worked at Advent Software where he served as director of product development and management. Based in New York City, Compliance Science, which is backed by Edison Ventures, is a provider of governance, risk management and compliance solutions for the financial services sector.

PRESS RELEASE

NEW YORK–(BUSINESS WIRE)–Compliance Science, Inc. (“CSI”), a leading provider of governance, risk management and compliance solutions, today announced that Scott Bieker has joined the Company as Chief of Product Strategy. In his new role, Mr. Bieker will manage product strategy for Compliance Science’s suite of solutions, including the Personal Trading Control Center™ (PTCC™), C-TRAC™ and CSI – DOCVAULT™ systems, to continue meeting clients’ evolving needs and capturing market opportunities. Mr. Bieker’s hiring is expected to help accelerate product development as CSI executes on its plan to expand into new and global markets.
Mitchel Kraskin, Managing Director and co-founder of Compliance Science, said, “Scott is a product management veteran whose unique experience includes both pioneering customer solutions and motivating teams to deliver exceptional products. Scott’s success at Advent Software, leading four highly successful major product launches and consistently delivering client-pleasing solutions, will be invaluable as we continue to expand our product lines and business.”
Scott Bieker said, “I am excited to join the CSI team and to work closely with Mitchel and Michael, who are leaders in the industry with proven track records growing successful GRC companies. CSI already has a solid foundation of industry leading products, creative and innovative employees, and a strong and growing client base. I look forward to working with the team to build on CSI’s momentum and expand the business while continuing to provide the white glove service for which the firm is known.”
Mr. Bieker’s experience in customer-focused product management and innovation spans 20 years. Most recently, he was Director of Product Development and Management at Advent Software from 2006 to 2013. During his tenure at Advent, Mr. Bieker was responsible for overseeing the strategic direction of the Company’s revenue management software, while expanding the product’s user base to hundreds of clients worldwide. Prior to joining Advent, Mr. Bieker founded East Circle Solutions, Inc., a revenue management application firm with a user base of more than 100 investment managers. Mr. Bieker previously worked at Advent Europe and in Goldman Sachs’s Private Wealth Management business. Mr. Bieker graduated from the University of Nebraska with a Bachelors of Science in Finance and Economics.
In January 2014, CSI announced that it had received an $8.25 million Series A minority investment from Edison Ventures, an information technology-focused venture capital firm. The growth capital received from Edison Ventures is being used to build CSI’s team and further invest in its products.
About Compliance Science:
Compliance Science is a New York City based global leader in providing governance, risk management and compliance solutions to the Financial Services community. Clients include leading RIAs, broker-dealers, private equity firms, hedge funds, banks, pension plans, public companies, and professional services firms – all of whom rely on CSI to help protect them from the specter of reputational damage and revenue loss from non-compliant activities. http://www.complysci.com.

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