complysci-announces-shannon-seastead-as-chief-marketing-officer-and-bill-mahoney-as-chief-customer-officer

ComplySci Announces Shannon Seastead as Chief Marketing Officer and Bill Mahoney as Chief Customer Officer

 

ComplySci, the leading provider of regulatory technology and compliance solutions for financial and professional services companies, recently announced their new executive leaders: Chief Marketing Officer, Shannon Seastead, and Chief Customer Officer, Bill Mahoney. Both executives join ComplySci as accomplished industry veterans with exceptional track records of success that will accelerate the company’s growth, bringing to market one of the most comprehensive solutions serving the entirety of the compliance journey.

“In building our executive leadership team, I sought out individuals who were experts in their field and would bring with them the right skillset to drive the industry-leading organization we have become,” said Amy Kadomatsu, CEO at ComplySci. “Having recently acquired NRS, illumis, and RIA in a Box, it was crucial that our leaders understand how to leverage the kind of dynamic capabilities we have across our portfolio, integrating the individual products to meet the evolving needs of compliance teams with a holistic solution.”

Shannon Seastead, a marketing executive with experience in SaaS and FinTech organizations, brings more than 20 years of B2B marketing, communications, brand, and strategy experience for technology companies. Her expertise spans start-up to enterprise organizations, and has helped to directly drive revenue growth through creative, multi-channel marketing campaigns. In her role as CMO, Ms. Seastead will drive go-to-market strategy and acquisition integrations to accelerate brand awareness and sales conversions, drive revenue, and expand ComplySci’s position in the market.

“I’m thrilled to join Amy and the entire executive team at this point in the company’s history,” said Ms. Seastead. “We have seen enormous growth even in the short time that I’ve been here. Our incredible team combined with the talent and technology across our family of companies, makes us uniquely positioned to disrupt the industry.”

Bill Mahoney comes to ComplySci with over 15 years of building and scaling customer experience teams in high growth SaaS companies. His background spans leading Customer Success, Onboarding, Support as well as Training and Education teams. In his new role, Mr. Mahoney will be responsible for ensuring success throughout the customer entire lifecycle, from initial onboarding onward. As the lynchpin to customer retention, his history in providing best-in-class customer experience will elevate the customer journey and drive continued ComplySci growth.

“In joining ComplySci, I knew I was stepping into a company in the midst of their own transformation,” said Mr. Mahoney. “Not only have we accomplished major milestones in terms of organic growth, but our acquisitions have made us a force within the compliance industry. I am excited to bring a new focus to customer success within our organization, helping to drive excellence in every aspect of our business.”

The newly appointed ELT members represent just one aspect of the overall growth and transformation of the organization, which has made strides to expand their capabilities through strategic acquisitions and ongoing technology investments.

“We are at a critical and exciting juncture in our company’s growth,” said Ms. Kadomatsu. “As an organization we are primed for expansive development in 2022. The evolution we have seen as an organization over the last 12 months is a key indicator for our path forward, disrupting the market with truly transformational technology. As we enter this new phase, we remain focused on our strategic vision: to become the first call for Compliance Officers.”

complysci-announces-$120-million-growth-investment-from-k1-investment-management

ComplySci Announces $120 Million Growth Investment From K1 Investment Management

 

ComplySci, the leading provider of regulatory technology and compliance solutions for the financial services sector, announced today that it has received a growth capital investment of approximately $120 million from K1 Investment Management, a leading private equity investment firm focused on high-growth enterprise software companies.

ComplySci is a widely recognized leader in offering innovative compliance software that creates a robust employee compliance function.  The company’s solutions deliver scalable identification and mitigation of employee regulatory and compliance risks, at a high degree of precision and on a cost-efficient basis.

ComplySci partners closely with C-suite teams as well as in-house compliance, legal and technology professionals to deliver technology-enabled employee compliance solutions for broker-dealers, registered investment advisers (RIAs), hedge funds, private equity firms, investment advisors, venture capital firms and other businesses across the financial services sector.

Amy Kadomatsu, Chief Executive Officer of ComplySci, said, “We are thrilled that K1 shares our passion about the opportunities ahead for our business and our excitement around the future of innovation in the RegTech industry.  With K1 as our partner, ComplySci looks forward to continuing to build out our products and services, and to driving additional growth through acquisitions.  This investment underscores the enormous momentum that ComplySci has generated as the leading provider of innovative technology-driven employee compliance solutions across the financial services sector.”

$120 Million Investment Supports Ongoing Robust Growth

ComplySci will leverage K1’s investment to further build out its platform including existing modules, such as Political Contributions Verification, Senior Managers and Certification Regime, and Compliance Program Management and the recently-launched Compliance Control Room and Conflict Checking products, which track firm activities along with employee activities to proactively identify potential conflicts of interest and market abuse through a single integrated solution.

“As reflected in our record financial results for the first quarter of this year, which represented a new high-water mark for our already rapidly growing firm, we are leaders in a fintech segment where proven solutions from experienced providers are always in demand, regardless of market, economic or industry cycles,” stated Ms. Kadomatsu.  “For our customers, business partners and employees, our new partnership with K1 underscores this key take-away:  The best is yet to come as we harness the significant new investment in our company with the talent, energy and innovative spirit that our entire team brings to each customer relationship.  We are setting the standard for the future of tech-empowered employee compliance.”

Existing investors in ComplySci will retain their stakes in ComplySci following K1’s investment.

K1 Expands Reach in Fintech Software

K1 has established itself as a leading investor in the enterprise software and software-as-a-service (SaaS) sectors, combining proprietary transaction sourcing capabilities with the experience and expertise of its operations team, K1 Operations, LLC.  The firm has a robust track record in partnering with enterprise software providers including Smarsh, Digital Reasoning, Entreda, FMG Suite, and others to drive substantial growth in the wealth management space, an area where K1 believes particularly strong expansion opportunities exist for ComplySci.

Roy Liao, Senior Vice President at K1 Investment Management, said, “In this environment of ever-expanding regulatory complexities, financial services firms recognize how crucial it is to have technology-enabled, sophisticated and reliable employee compliance solutions.  ComplySci has successfully positioned itself as a leading and trusted partner to these firms, providing them with indispensable capabilities that give them the visibility and confidence they need to operate their businesses, on a scalable yet effective basis. We’re delighted to partner with Amy and the ComplySci team to further expand the company’s ongoing growth and success.”