Aug 23, 2018
Princeton, N.J.—August 23, 2018—Edison Partners today announced an investment by Vista Equity Partners (“Vista”) in its portfolio company ComplySci. ComplySci, the 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, ComplySci began 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. ComplySci has been recognized as a Deloitte Technology Fast 500 company, a Top 10 FinTech Solution Provider 2018 by CFO Tech Outlook and, most recently, was named to the Inc. 5000.
“ComplySci has demonstrated product and financial leadership in the regtech space. We are extremely pleased that world-class private equity investor Vista has recognized the value the company has created,” said Chris Sugden, Managing Partner at Edison Partners. “Jean-Marc Levy and the entire ComplySci team have done a tremendous job leading the compliance category. We have very strong belief in the continued success of the company.” Sugden will 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, ComplySci CEO. “Their continued support provides a significant advantage for the go-forward of our business, and we look forward to our continued partnership.”
Financial terms were not disclosed.
Recognized in 2018 by LendIt Fintech as Fintech Equity Investor of the Year, Edison Partners has financed and guided more than 200 private companies, including more than 40 Fintech companies. Noteworthy exits include Billtrust, EdgeTrade, FolioDynamix, GAIN Capital, Liberty Tax, OptionsCity and Princeton Financial. Current growth equity investments include: Bento for Business, BFS Capital, Clearpool Group, ComplySci, GAN Integrity, Giant Oak, MoneyLion, Predata, Scivantage and Solovis.