NEW YORK and LONDON — September 6, 2016 – 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.