FundApps and SteelEye Merge to Create Unified Compliance Solution for Financial Institutions

Strategic Insights -

FundApps, a leading provider of compliance monitoring and regulatory reporting solutions, and SteelEye, a pioneering integrated trade and communications surveillance solution, have merged to create a single, end-to-end compliance platform. The combined company will serve 350 clients across 18 countries, with a combined Annual Recurring Revenue approaching £50mn. The merger brings together complementary strengths in reporting, monitoring, and surveillance, and unlocks new capabilities for clients to navigate increasingly complex regulatory obligations.

Key Takeaways:

  • The merger combines the strengths of FundApps and SteelEye to create a unified compliance platform that addresses the full compliance lifecycle.
  • The combined company will serve 350 clients across 18 countries, including leading banks, asset managers, hedge funds, and commodities firms.
  • The merger will create a single platform that simplifies regulatory complexity at scale and delivers end-to-end capability for clients.
  • FundApps and SteelEye will provide an integrated suite of solutions that help clients navigate complex regulatory obligations with greater automation, transparency, and unified control.
  • The combined Annual Recurring Revenue approaches £50mn.
  • The merger brings together 350 employees from both companies.
  • Existing FundApps investor FTV Capital provided an additional equity investment.
  • FundApps and SteelEye will provide an integrated suite of solutions that include surveillance, monitoring, reporting, and analytics.

Statistics:

  • The combined company will serve 350 clients across 18 countries.
  • The merger will create a single platform that simplifies regulatory complexity at scale and delivers end-to-end capability for clients.
  • The combined Annual Recurring Revenue approaches £50mn.
  • FundApps monitors over $30 trillion in assets under management across 100+ jurisdictions.
  • SteelEye has offices in the UK, North America, Portugal, and India, while also being incorporated in Singapore.

Sources:

  • (Access Newswire), "Newswire -- FundApps and SteelEye Merge to Create Unified Compliance Solution".
  • FundApps, "About FundApps".
  • SteelEye, "About SteelEye".
  • FTV Capital, "About FTV Capital".