Vista Equity Partners has acquired King of Prussia, Pennsylvania-based Regulatory DataCorp Inc, a provider of counterparty risk and financial regulatory compliance data and software solutions. The sellers included Bain Capital Ventures. No financial terms were disclosed.
NEW YORK & LONDON–(BUSINESS WIRE)–Regulatory DataCorp, Inc. (“RDC”), the Trust Diligence™ leader across the Governance, Risk, and Compliance industry, today announced that it has been acquired from Bain Capital Ventures and others by Vista Equity Partners (“Vista”), a leading private equity firm focused on software, data and technology-enabled businesses. This acquisition will allow RDC to increase its investment in risk and compliance software and data solutions to help prevent financial crime.
Headquartered in King of Prussia, Pennsylvania, RDC is a leading provider of counterparty risk and financial regulatory compliance data and software solutions to financial institutions and technology companies, as well as sharing economy, social media, and multinational companies worldwide. By combining comprehensive data, a scalable platform, experienced analysts, and tailored analytics, RDC works as an extension to its customers’ compliance and safety teams, providing precise risk alerts and ongoing monitoring for enhanced protection and performance. RDC’s Global Regulatory Information Database (GRID™) of over 7 million profiles with risk-relevant information helps deliver exceptional risk coverage, leading the world’s largest financial institutions to implement RDC as a core part of their critical compliance systems.
“We pride ourselves in creating a culture of success and continually exceeding our customers’ expectations with innovative solutions to get the job done,” said Tom Obermaier, CEO of RDC. “We are excited to partner with the team at Vista, a firm which is truly revolutionizing the world of software and technology with its vision and expertise. We have enormous confidence in their partnership and look forward to all we will achieve together.”
Vista is partnering with RDC at a time of significant growth in the governance, risk, and compliance industry given the increasing need for state of the art analytics, high-quality risk intelligence data and software solutions. RDC is a leader in a significant part of what market research firm Markets and Markets describes as a more than $10 billion financial crime segment, which is projected to grow approximately 17% annually through 2020. This growth stems from leading financial institutions turning towards big data- and technology-enabled solutions to improve the efficiency and accuracy of their risk management function while reducing fines for non-compliance.
“More than ever before, companies are looking to harness the power of big data and analytics to provide them with the clarity and insight needed to prevent financial crimes, regulate risk, and improve compliance,” said Rob Rogers, Principal at Vista Equity Partners. “The value and leadership RDC brings to this critical business sector is unparalleled, and we look forward to being a part of their growth and continued success.”
Financial terms have not been disclosed.
About Vista Equity Partners
Vista Equity Partners, a U.S.-based private equity firm with offices in Austin, Chicago and San Francisco, with more than $26 billion in cumulative capital commitments, currently invests in software, data and technology-based organizations led by world-class management teams with long-term perspective. Vista is a value-added investor, contributing professional expertise and multi-level support towards companies realizing their full potential. Vista’s investment approach is anchored by a sizable long-term capital base, experience in structuring technology-oriented transactions, and proven management techniques that yield flexibility and opportunity in private equity investing. For more information, please visit www.vistaequitypartners.com.
About Regulatory DataCorp
Regulatory DataCorp, Inc., the Trust Diligence™ company, delivers powerful, decision-ready intelligence and world-class risk and compliance protection, allowing global organizations to identify banned/suspect entities, strengthen fraud protection, ensure regulatory compliance, manage supply and distribution risk, and protect their brand equity. With the world’s largest open source risk-relevant database, RDC provides AML/KYC compliance; Politically Exposed Persons (PEP) protection; emerging market intelligence; corruption, fraud and crime protection; and vendor screening and monitoring to a wide range of clients worldwide. Learn more about RDC by emailing firstname.lastname@example.org or visiting www.rdc.com.
About Bain Capital Ventures
Bain Capital Ventures (“BCV”) partners with disruptive B2B founders to accelerate bringing their ideas to market. The firm invests across stages from seed to growth in enterprise software, infrastructure software and industries being transformed by data. BCV has helped to launch and commercialize more than 200 companies since 1984 including select prior investments in DocuSign, Kiva Systems, LinkedIn, Rapid7, SurveyMonkey and TellApart. BCV has over $3 billion of assets under management and offices in the Bay Area, New York City and Boston. Follow BCV at @BainCapVC or visit www.baincapitalventures.com.