Vista Equity Partners to Acquire King of Prussia-based RDC
Business Wire September 6, 2016
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 info@rdc.com or visiting www.rdc.com.
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PE firm Parthenon plans to begin a sales process for Wayne-based clinical trial technology provider Bracket after Labor Day
Tom Paine
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The Wall Street Journal reported last week (subscription) that PE firm Parthenon plans to begin a sales process for Wayne-based clinical trial technology provider Bracket after Labor Day. Parthenon purchased Bracket from Express Scripts in 2013.
At the time it was purchased in 2013, Bracket was reported to have 300 employees. Now it says it has over 500, and at the end of August announced the opening of a new space in Boston.
Prices in the clinical trial technology market are strong, as evidenced by the recently announced sale of Doylestown-based Bioclinica for $1.4 billion, although Bracket probably won't be valued in that range.
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Linode "experiencing a catastrophic DDoS attack" in Atlanta
Linode struck by ‘catastrophic DDoS attack’ over Labor Day weekend (Silicon Angle)
Update - Some users may be experiencing delayed DNS resolution in Atlanta due to filtering that has been put in place. We are currently working to reconfigure where necessary and restore normal DNS resolution.
Sep 4, 20:13 UTC
Monitoring - We have implemented upstream mitigation at this time and Atlanta IP service has returned to normal. We will continue closely watching the situation for further adaptation to these measures.
Sep 4, 16:45 UTC
Identified - The attacks in Atlanta have returned and are significantly impacting connectivity. We are working toward mitigation.
Sep 4, 13:54 UTC
Monitoring - The attacks have not stopped yet and our Network Engineers are still actively mitigating the DDoS attacks. However, the status of the network has improved significantly, and customers who are not in the affected ranges should now be stable. If you are still experiencing connectivity issues or have a Linode in one of the affected ranges, please reach out to our Customer Support Team for assistance in obtaining an additional IP address as a temporary workaround.
Sep 4, 07:30 UTC
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Connectivity Issues in Atlanta
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Update
We have been experiencing a catastrophic DDoS attack which is being spread across hundreds of different IP addresses in rapid succession, making mitigation extremely difficult. We are currently working with our upstreams to implement more complete mitigation.
Posted 38 minutes ago. Sep 04, 2016 - 00:45 UTC
Identified
We've identified a distributed DoS attack as the cause of impacted connectivity in Atlanta and we're working to mitigate it. Further updates will be provided as they become available.
Posted about 4 hours ago. Sep 03, 2016 - 21:14 UTC
This incident affects: Atlanta.
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PhillyTech People News 9/3/2016: Scott A. Snyder, Ph.D., joins Safeguard Scientifics as Senior Vice President, Managing Director, and Chief Technology and Innovation Officer
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| Scott A. Snyder, Ph.D. |
Safeguard Scientifics, Inc. (NYSE: SFE) on Tuesday announced that Scott A. Snyder, Ph.D. has joined the company as Senior Vice President, Managing Director, and Chief Technology and Innovation Officer. Dr. Snyder is a recognized thought leader and has more than 25 years of experience in business leadership, strategic planning and technology management.
Company quote: "New position signals refined focus on technology-enabled businesses as the company leads the next wave of investment opportunities in an era of digital disruption."
Dr. Snyder comes to Safeguard from Mobiquity Inc., a leader in delivering innovative mobile and digital solutions for enterprises, where he was President and Chief Strategy Officer. He will continue to be Chairman of Mobiquity's Advisory Board. Dr. Snyder held executive positions with several Fortune 500 companies including GE, Martin Marietta, and Lockheed Martin, has been the CEO of a leading strategic planning firm, Decision Strategies International, and has also started several software business ventures.
Dr. Snyder earned his B.S., M.S., and Ph.D. in Systems Engineering from University of Pennsylvania.
Dr. Snyder has served on Safeguard's advisory board since 2006. He has authored a book entitled, "The New World of Wireless: How to Compete in the 4G Revolution".
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