As I reflect upon 2020, I am proud to say that we successfully navigated the pandemic-driven crisis and delivered on our promise to be there for you 100 percent. Our team provided continuity of service during a difficult period where your risk and regulatory reporting obligations remained omnipresent and continued to change.
I’m also pleased to report that on December 3, 2020, we closed a transaction with Thoma Bravo whereby it acquired a controlling interest in AxiomSL.
Thoma Bravo is a leading private equity firm with deep expertise in enterprise software, proven operational capabilities, and more than 40 years of experience investing in high-growth complex technology companies. Their investment validates AxiomSL’s nearly 30-year track record of providing risk and regulatory data management and reporting services to leading financial firms like you, our valued clients.
Now with the benefit of Thoma Bravo’s partnership, AxiomSL is better positioned than ever to develop the critical risk management and regulatory solutions that meet your evolving needs.
We continue to see increased adoption of our RegCloud service that insulates financial institutions from both technology and regulatory change, while delivering efficient outcomes.
In addition, our innovation agenda, which has been vetted by our Client Advisory Board, includes delivery of high-performance computing powered by Spark to enable financial institutions to process transactions/calculations at a granular level. Another element on this roadmap is our machine learning (ML) initiative to help on-board new data sets in a transparent manner.
We will continue to expand into more jurisdictions globally; deepen our portfolio of solutions for banks, investment managers, broker-dealers, and commodity trading organizations, and Basel IV requirements, and work with you on the migration to ControllerView v10.
The entire senior leadership team and I are excited about the future and committed to delivering on our core values. Thank you for your trust in AxiomSL over the years. We look forward to continuing our successful business relationship.
Best wishes for the holiday season and for a happy and healthy 2021.
Founder and CEO