Thoma Bravo to acquire risk and regulatory reporting firm AxiomSL

Thoma Bravo acquisition of AxiomSL : Private equity firm Thoma Bravo has agreed to acquire a controlling stake in New York-based Axiom Software Laboratories (AxiomSL), which provides cloud-enabled risk management and regulatory solutions for banking, broker dealers, investment management, and commodity trading institutions.

The financial terms of the deal were not disclosed.

AxiomSL, which was established by CEO Alexander Tsigutkin and CTO Vladimir Etkin, is said to cater to premier financial institutions through its intelligent data management and analytics platform called Controller View.

The company’s solutions include more than 5,000 risk and regulatory reports across 55 jurisdictions and also 110 regulators.

Brian Jaffee, a Principal at Thoma Bravo, commenting on Thoma Bravo acquisition of AxiomSL, said: “We’ve been following AxiomSL’s success for many years and couldn’t be more excited to partner with Alex and his team for this next phase of growth.

“The company’s software solutions allow the world’s most complex financial institutions to manage vast amounts of critical data from many different sources and facilitate the highly complex process of risk and regulatory reporting across the globe.

“The problems AxiomSL’s solutions help solve are only getting more complicated, and we believe the company is well-positioned to deliver for its customers, especially as more of this critical functionality moves to the cloud.”

Thoma Bravo acquisition of AxiomSL

Following the completion of the deal, Thoma Brao intends to use its deep expertise in enterprise software, operational capabilities, and prior experience in complex financial technology markets to join hands with AxiomSL’s management team to expand the company’s customer base and to bring in further innovation for critical risk management and regulatory solutions.

Commenting on Thoma Bravo acquisition of AxiomSL, Alex Tsigutkin – Founder and CEO of AxiomSL said: “Thoma Bravo has a proven track record of accelerating innovation and growth at leading software companies, as well as a strong appreciation for our values of client success, integrity with accountability, excellence in innovation, diversity of perspectives and internal and external collaboration.

“AxiomSL’s success is a testament to our partnership with the financial industry, and our growth is due in no small part to the contributions of Technology Crossover Ventures (TCV), who has been a critical partner for AxiomSL for the past three years as we grew the franchise at a record pace.”

For AxiomSL, Evercore is serving as financial advisor, while Weil, Gotshal & Manges is the legal advisor. On the other hand, Kirkland & Ellis is the legal advisor to Thoma Bravo for the deal.

The completion of Thoma Bravo acquisition of AxiomSL is subject to customary closing conditions, and is expected to happen by the end of this year.