Thoma Bravo Takes Its Latest Bet On Cloud-Enabled Risk Management Firm AxiomSL

Last week, leading private equity investment firm Thoma Bravo announced an agreement to purchase a controlling stake of New York based cloud-enabled risk management and regulatory reporting technology company AxiomSL.
Founded in 1991, AxiomSL’s data management and analytics platform delivers over 5,000 risk and regulatory reports across 55 jurisdictions and 110 regulators. Today the company’s products mainly facilitate banking, investment management, broker deals, and commodity trading institutions. The key aspect of AxiomSL is ControllerView, the data management and analytics platform created by founders Alexander Tsigutkin and Vladimir Etkin.

The company’s success lies in the ability to adapt and grow with changes in the risk management and regulatory industry through commitment to client satisfaction. Speaking on the company’s position, Tsigutkin said, “AxiomSL's success is a testament to our partnership with the financial industry, and our growth is due in no small part to the contributions of Technology Crossover Ventures (TCV), who has been a critical partner for AxiomSL for the past three years as we grew the franchise at a record pace.”

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The company’s performance piqued the interest of Thoma Bravo, the company whose keen eye is trained on technology-enabled service sectors. With more than $45 billion capital commitments, cherry-picking potential star companies and partnering with management teams to elevate best practices, investment in initiatives to grow revenue and enhance a business’ overall value is Thoma Bravo’s forte.

Brian Jaffee, principal at Thoma Bravo said, “The problems AxiomSL’s solutions help solve are only getting more complicated, and we believe the company is well positioned to deliver for its customers, especially as more of this critical functionality moves to the cloud”.

Thoma Bravo further shared that it intends to leverage its enterprise software experience to help AxiomSL grow its already strong customer base that includes financial services heavyweights Deutsche Bank, JPMorgan, and Morgan Stanley. Alongside this, Thoma Bravo will lend its proven operational capabilities and experience in complex financial technology markets to drive innovation for critical risk management and regulatory solutions. While financial terms for the acquisition were not disclosed, it is said that the deal is poised to close at the end of this year pending customary conditions.