News
Regulatory DataCorp International. Renewed Commitment, Renewed Investment.
Wilmington, DE - September 24, 2007
Regulatory DataCorp, Inc. (RDC) announced today that Bain Capital, a $55 Billion private equity firm based in Boston, made a significant, undisclosed investment in RDC on July 27, 2007. Bain Capital will be the majority shareholder and will join the original 20 investors made up of many of the top global financial institutions. Concurrently, RDC announced that 20 year financial services veteran Mark A. Parsells accepted the position of Chairman and Chief Executive Officer to guide the company into the future. Mark’s experience creating the #1 rated Citibank Online, and his broad expertise in general management, marketing, strategic planning, compliance and privacy roles at major firms including American Express, Bank One, AIG and other major institutions make him uniquely qualified to lead RDC.
Maintaining its mission to be the cornerstone of compliance by mitigating financial, reputational, and legal risk through world-class data aggregation, RDC brings a renewed commitment to client needs, technology improvements, and delivery of high-quality data to help ensure their clients’ success. The goal is to provide services which are client centric, flexible and customizable.
RDC is dedicated to disseminating essential compliance information in an increasingly dangerous world, utilizing GRID, the backbone of RDC technology. GRID, or Global Regulatory Information Database, is a collection of data aggregated from over 15,000 public sources that is continually updated, making it the best data in the industry. RDC data comes from government lists, regulatory authority actions, media, and politically exposed persons (PEPs) records.
Please contact Rachel Macha at rmacha@regulatorydatacorp.com or call 212-880-3494 for further information on how RDC can serve your company’s needs.
About RDC:
Launched in 2002, Regulatory DataCorp, Inc. (RDC) was formed by twenty of the world’s leading financial institutions. RDC seeks to aggregate and leverage public information, technology as well as regulatory and industry expertise on a global basis to enable clients to better identify and manage legal, regulatory and reputational risks and comply with global regulatory responsibilities.