NovitasFTCL advised the shareholders of RegTek.Solutions on its sale to Bloomberg
We are pleased to announce that NovitasFTCL acted as exclusive financial advisor to the shareholders of RegTek.Solutions (including Illuminate Financial and Deutsche Boerse), a leading provider of regulatory reporting solutions, on its sale to Bloomberg LP.
RegTek.Solutions was created in 2017 via a software spin-out from Risk Focus Inc, a leading consulting firm for capital markets that delivers custom solutions and DevOps advisory services. Series A funding from the Deutsche Boerse and Illuminate Financial Management received in August 2017 allowed RegTek to scale operations and build a client base that includes numerous G16 banks.
Bloomberg is a global business and financial information and news leader. The company’s strength – delivering data, news and analytics through innovative technology, quickly and accurately – is at the core of the Bloomberg Terminal. Bloomberg’s enterprise solutions build on the company’s core strength: leveraging technology to allow customers to access, integrate, distribute and manage data and information across organizations more efficiently and effectively.
A full press release for the transaction can be found at: