Thoma Bravo to acquire regulatory reporting firm AxiomSL

By Megha Bhattacharya

Private equity investment firm Thoma Bravo announced an agreement to acquire a controlling interest in AxiomSL. AxiomSL is a provider of cloud-enabled risk management and regulatory solutions for banking, investment management, broker-dealers and commodity trading institutions. The transaction is expected to be closed by the end of the year, subject to customary closing conditions.

Evercore is acting as financial advisor and Weil, Gotshal & Manges LLP is serving as legal advisor to AxiomSL. Kirkland & Ellis is serving as the legal advisor to Thoma Bravo.

Alex Tsigutkin, Founder and CEO, 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.”

Thoma Bravo stated that it plans to use its expertise in enterprise software, operational capabilities and experience in complex financial technology markets to grow AxiomSL’s customer base and drive further innovation for critical risk management and regulatory solutions.

AxiomSL serves financial institutions through ControllerView, its intelligent data management and analytics platform. AxiomSL’s platform provides cloud-based, risk management and regulatory solutions, which include over 5,000 risk and regulatory reports across 55 jurisdictions and 110 regulators.

“For nearly 30 years, Alex and his team have grown AxiomSL into the number one platform for risk and regulatory reporting due to their cutting-edge technology, unparalleled understanding of everchanging global regulatory requirements and an unwavering focus on their clients, which include some of the largest and most complex financial institutions in the world,” said Holden Spaht, a Managing Partner at Thoma Bravo. “We are thrilled to partner with the AxiomSL team to build on this impressive success and leverage our deep operational expertise in enterprise software to drive continued investment and innovation while pursuing new growth opportunities both organically and through M&A.”