Edison Partners Announces Investment of Vista Equity Partners in ComplySci
On Aug 24, 2018
Edison Partnersannounced an investment by Vista Equity Partners in its portfolio companyComplySci.ComplySci, a leading provider of regulatory technology for financial and professional services companies, received a significant growth investment and liquidity for shareholders from Vista. Edison will continue to maintain a meaningful minority ownership position in the company.
Based in New York City,ComplyScibegan by serving the regulatory compliance needs of the financial industry to monitor personal trading compliance and other employee compliance misconduct. The company has rapidly expanded into a regulatory technology (regtech) leader across additional markets such as public corporations and professional services. Since Edison’s initial investment in 2014, revenue grew over 400 percent. In the last two years, the company has increased its customer-base by more than 60 percent and completed the acquisition of Financial Tracking to further extend its market reach.ComplyScihas been recognized as aDeloitteTechnology Fast 500 company, a Top 10FinTechSolution Provider 2018 by CFO Tech Outlook and, most recently, was named to the Inc. 5000.
“ComplySci has demonstrated product and financial leadership in theregtechspace. We are extremely pleased that world-class private equity investor Vista has recognized the value the company has created,” said ChrisSugden, Managing Partner at Edison Partners. “Jean-Marc Levy and the entireComplySciteam have done a tremendous job leading the compliance category. We have very strong belief in the continued success of the company.”Sugdenwill continue to serve on ComplySci’s Board of Directors.
“Edison Partners had provided us with not only financial support, but also strategic, industry and operating expertise we needed to scale,” said Jean-Marc Levy,ComplySciCEO. “Their continued support provides a significant advantage for the go-forward of our business, and we look forward to our continued partnership.”