Vista Equity Partners has backed New York City-based ComplySCI, a provider of personal trading compliance software.
Following the significant growth investment, existing investor Edison Partners will retain a minority ownership position in the RegTech. Back in 2014, ComplySci landed an initial $8.25m Series A minority investment from Edison.
Founded in 2003, ComplySci works with more than 1,000 firms worldwide and, among other activities, monitors millions of trades, certifications and pre-clearance requests annually.
ComplySci works with more than 1,000 firms worldwide, including some of the world’s largest financial institutions. The company provides risk management and compliance solution to proactively identify risks and manage complex regulatory and compliance challenges.
It helps compliance organisations identify, monitor, manage and report on conflicts of interest arising from employee activities, including personal trading, gifts and entertainment, political contributions, outside business affiliations, and other code of ethics violations.
“This investment by Vista recognizes our leadership position and roadmap for the future,” said Jean-Marc Levy, CEO at ComplySci. “In the last two years alone, we have assembled a world-class leadership team, grown our user base by over 60%, and successfully completed the acquisition of Financial Tracking to extend our product and services footprint. We are looking forward to working with Vista to leverage their expertise and portfolio of resources as we continue scaling our business and transforming the compliance landscape.”
Its platform allows compliance teams to build out their compliance program in a calendar format and track compliance testing, monitoring and reporting in one solution. ComplySci also automatically checks and analyses campaign contributions and approves political contribution requests, and runs look-ups and reports on prospects, clients, vendors and employees for individuals or entities on OFAC, EU and five other government lists.
ComplySci’s Risk Data Engine aggregates, enriches and normalises vast quantities of data across a broad spectrum of sources. It creates a single, highly accurate and coherent repository of all the information needed to proactively manage complex regulatory and compliance challenges.
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