RiskExec® Secures Strategic Investment from Vista Equity Partners for Enhanced Growth

RiskExec® Announces Strategic Growth Investment

RiskExec, Inc., a prominent player in fair lending compliance and analytics, has recently unveiled a strategic investment from Vista Equity Partners. This investment marks a significant milestone for the company, transitioning from being a subsidiary of Asurity Technologies, LLC to operating as an independent entity. The financial specifics of the deal have not been disclosed, but the implications for RiskExec's growth trajectory are substantial.

The core mission of RiskExec is to empower banks, mortgage lenders, credit unions, and other lending institutions by enhancing their ability to navigate the complex landscape of regulatory compliance. Their robust platform enables financial institutions to efficiently manage the myriad requirements set forth by regulatory bodies, including the Community Reinvestment Act (CRA), Home Mortgage Disclosure Act (HMDA), and section 1071 of the Dodd-Frank Act, among others.

With this new investment, RiskExec aims to drive product innovation and bolster its existing software capabilities. Chief Executive Officer Luke Wimer, along with the innovative founder Dr. Anurag Agarwal, will continue to lead the company. They are committed to maintaining the high-quality service that clients have come to expect while expanding their product offerings with the support of Vista Equity Partners.

As reported, RiskExec has been a trusted name in fair lending analytics, enjoying remarkable growth in the past year. Currently, the company supports over 30% of the top 50 banking and mortgage firms in the U.S., alongside various credit unions, fintechs, and smaller banking institutions. This robust market presence underlines the effectiveness of their software solutions in helping clients manage and report compliance data in real-time.

The partnership with Vista's Endeavor Fund is particularly noteworthy. Vista, known for its focus on enterprise software, has a history of driving growth for technology-enabled organizations. René Stewart from Vista Equity Partners emphasized RiskExec's strong product-driven growth and its potential for building long-term market value. This aligns perfectly with Vista's investment strategy, which prioritizes scaling emerging category leaders.

In the evolving climate of financial regulations, RiskExec's software allows for a proactive approach to compliance, enabling institutions to not only adhere to regulations but also to identify areas for improvement and risk mitigation. The platform offers advanced tools for data collection, analysis, and reporting—streams of information necessary for compliance that institutions must handle seamlessly.

As RiskExec embarks on this new chapter, the leadership team expresses excitement about the future. Dr. Agarwal remarked on their continuous dedication to quality and innovation in their services, a sentiment echoed by Wimer, who thanked previous investors for their support while anticipating the enhancements that Vista's partnership will bring.

Andy Sandler, chairman and CEO of Asurity, reinforces this commitment by stating that Asurity will continue its advisory and training services, ensuring that clients receive ongoing support and insights alongside the advanced tools provided by RiskExec.

In conclusion, this announcement by RiskExec regarding the strategic investment from Vista Equity Partners signifies not just a change in corporate structure but a pivotal opportunity for growth. As financial institutions face more demanding regulatory environments, having sophisticated and user-friendly analytics tools will be crucial for maintaining compliance and promoting ethical lending practices. With Vista's backing, RiskExec is well-prepared to expand its influence and continue shaping the future of fair lending analytics.

For those interested in learning more about RiskExec and its offerings, further information is available on their official website, www.riskexec.com.