Financial terms of the deal were not disclosed by Princeton-based Edison Partners, which said it will maintain a minority ownership position.
“Edison Partners has provided us with not only financial support, but also strategic, industry and operating expertise we needed to scale,” Jean-Marc Levy, ComplySci’s CEO, said in a prepared statement. “Their continued support provides a significant advantage for the go-forward of our business, and we look forward to our continued partnership.”
New York-based ComplySci serves financial and professional services companies in the “regtech” sector. Edison made its initial investment in the company in 2014, and revenue has grown more than 400 percent since then.
“ComplySci has demonstrated product and financial leadership in the regtech space,” Chris Sugden, Edison Partners’ managing partner, said in a statement. “We are extremely pleased that world-class private equity investor Vista has recognized the value the company has created.”
Sugden will remain on ComplySci’s board of directors.