nCino Inc, which is backed by Insight Venture Partners, Wellington Management, Salesforce Ventures and Bessemer Ventures, has acquired Salt Lake City-based Visible Equity, a financial analytics and compliance software company. No financial terms were disclosed. KPMG Corporate Finance LLC was the financial adviser to Visible Equity on the deal.
NEW YORK, July 29, 2019 /PRNewswire/ — KPMG Corporate Finance LLC, Refinitiv’s 2018 leading global middle market investment bank by deal volume, today announced that it was the exclusive financial adviser to Visible Equity, LLC on firm’s sale to nCino, Inc. which is backed by Insight Venture Partners, Wellington Management, Salesforce Ventures and Bessemer Ventures. The transaction was led by Managing Director Alexander Alden of KPMG Corporate Finance LLC’s Financial Technology practice.
Visible Equity is a market-leading financial analytics and compliance software company based in Salt Lake City, Utah, that aggregates, organizes and visualizes enterprise data for financial institutions in the US. Founded in 2008, Visible Equity is a software as a service (SaaS) company that provides portfolio management, analytics and compliance solutions to banks and credit unions, enabling them to identify, measure, and monitor portfolio risk and address regulatory compliance requirements, as well as generate revenue and profitability insights through analytics and data modules.
nCino, is a leading provider of cloud-banking technology solutions. The company’s Bank Operating System improves employee efficiency while enhancing the customer experience for onboarding, loans and deposits across all lines of business. Transforming how financial institutions operate through innovation, reputation and speed, nCino works with more than 250 financial institutions globally whose assets range in size from $200 million to $2 trillion.
About KPMG Corporate Finance LLC
KPMG Corporate Finance LLC was recently named Transaction Advisory Firm of the Year by The Global M&A Network, and previously named Investment Bank of the Year by The M&A Advisor. KPMG Corporate Finance LLC provides a broad range of investment banking and advisory services to its domestic and international clients. Our professionals have the experience and depth of knowledge to advise clients on global mergers and acquisitions, sales and divestitures, buyouts, financings, debt restructurings, equity recapitalizations, infrastructure project finance, capital advisory, portfolio solutions, fairness opinions, and other advisory needs.
KPMG Corporate Finance LLC, a Delaware limited liability company, is a member of FINRA and SIPC. KPMG Corporate Finance LLC is a subsidiary of KPMG LLP, a Delaware limited liability partnership and the U.S. member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity.
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