News & insights

MyComplianceOffice Receives Financing from Accel-KKR Credit Partners to Support Acquisition of Schwab Compliance Technologies

Menlo Park, CA & Dublin, Ireland – May 10, 2022 – MyComplianceOffice Ltd. (“MCO”) has secured financing from Accel-KKR Credit Partners, a credit fund managed by Accel-KKR, a leading global software-focused investment firm headquartered in Silicon Valley, in its successful acquisition of Schwab Compliance Technologies, (“SCT”).

The Company first announced the acquisition on March 7, 2022 here.

MyComplianceOffice provides compliance solutions that monitor employee stock trading, manages material non-public information, analyzes vendor risk, and performs other key compliance requirements for financial services. The SCT acquisition is a superb fit for MCO with a similar client base and a product offering that automate the monitoring of employee trading activity and administering of a firm’s Code of Ethics.

The acquisition will:

  • Bring together a highly complementary set of products, customers and employees to accelerate MCO growth,
  • Ensure that SCT clients and staff are part of a company dedicated to expanding and investing in the financial compliance market, and
  • Cement MCO’s market position as a leader in conduct risk technology. With offices in the US, Ireland, India and Singapore, MCO and SCT combined will be supporting over 1,300 clients in 105 countries.

Brian Fahey, CEO of MCO, said, “We are excited to welcome SCT, its team and customers to the MCO family. This acquisition is a great fit as we share many values, and our teams share a common vision. This acquisition has been financed by our lending partner, Accel-KKR Credit Partners. The Accel-KKR team has been supportive throughout the process and we look forward to continuing to build our relationship as we execute on our strategy.”

“Accel-KKR Credit Partners has provided growth financing to MCO since 2020,” said Samantha Shows, Managing Director at Accel-KKR. “Brian and his team have continued to grow their core business and the SCT acquisition will accelerate MCO’s journey. Accel-KKR is proud to be a part of the MCO growth story.”

About MyComplianceOffice:

Founded in 2005 and headquartered in New York, New York, MyComplianceOffice provides compliance management software that enables companies around the world to reduce their risk of misconduct. The MyComplianceOffice platform lets compliance professionals demonstrate they are proactively managing the regulated activities of employees, third-party vendors, and other agents of the firm. Available as a unified suite or à la carte, the easy-to-use and extensible SaaS-based solutions get clients up and running quickly and cost-efficiently.

About Accel-KKR:

Accel-KKR is a technology-focused investment firm with $14 billion in capital commitments. The firm focuses on software and tech-enabled businesses, well-positioned for topline and bottom-line growth. At the core of Accel-KKR’s investment strategy is a commitment to developing strong partnerships with the management teams of its portfolio companies and a focus on building value alongside management by leveraging the significant resources available through the Accel-KKR network. Accel-KKR focuses on middle-market companies and provides a broad range of capital solutions, including buyout capital, minority-growth investments, and credit alternatives. Accel-KKR also invests across various transaction types, including private company recapitalizations, divisional carve-outs and going-private transactions.  Accel-KKR’s headquarters is in Menlo Park, with offices in Atlanta, London and Mexico City. Visit accel-kkr.com to learn more.

About Accel-KKR Credit Partners:

Accel-KKR Credit Partners provides debt financing to leading software businesses. The fund structures non-dilutive investments for founder-owned businesses and flexible credit products for institutionally-owned businesses.  The debt capital is used to support acquisitions, dividends, shareholder buy-backs and growth investment. Accel-KKR Credit Partners has completed nearly 50 investments and deployed over $750 million in capital.