NEW YORK & LONDON--(BUSINESS WIRE)--Regulatory DataCorp, Inc. (RDC), the global leader in compliance screening, announced that Tom Walsh will be its new Chief Executive Officer, effective this week. Walsh takes over from Thomas M. Obermaier, who served as RDC’s CEO since 2009. Obermaier will continue with RDC in the role of Senior Board Advisor.
Walsh brings more than 25 years of experience in enterprise software to RDC, having served in a variety of B2B global and domestic customer markets. Prior to joining RDC, Walsh served as CEO of the Software Division at Kaufman Hall & Associates, where he helped establish and scale an enterprise software business that doubled in revenue growth during his tenure. He led the innovation and market introduction of new data analytic solutions to compliment enterprise software workflow solutions. Prior to Kaufman Hall, Walsh held numerous software executive roles with Thomson Reuters in both the U.S. and abroad where he led several global enterprise software businesses through various stages of maturity including rapid growth, SaaS development and migration, business re-sets, and acquisition integration.
“I’m very proud to be joining RDC,” said Tom Walsh. “RDC offers compelling and innovative solutions to combat financial crime within the Governance, Risk, and Compliance sector and is well-positioned, with its incredible talent and technology resources, to capitalize on the growth of the sector and lead in customer service. I look forward to meeting and partnering with RDC’s customers globally to ensure we are providing world class software and solutions to assist with their evolving needs.”
“Over the past nine years Tom Obermaier has helped create a culture of growth and customer service at RDC, a brand that has become a global leader in one of the fastest-growing sectors in the tech industry,” said Rob Rogers, Vista Principal and Co-head of Vista Foundation Fund. “Tom Walsh’s strong track record and vision will help RDC drive its next phase of growth and expand globally. He has shown throughout his career a unique ability to engage with customers, putting their experience first and using their input to help bring about innovations that improve products, strengthen customer relations, and grow businesses. We look forward to partnering with Tom and the entire RDC leadership team.”
RDC is a portfolio company of Vista Equity Partners (“Vista”), a private equity firm that specializes in enterprise software. Vista acquired RDC in 2016.
About RDC
Regulatory DataCorp, Inc.(RDC), the Smarter ScreeningTM company prevents criminal infiltration of the world’s financial systems by delivering automated, intelligent customer screening and decision-ready intelligence. RDC supports more than 35,000 compliance professionals across more than 100 countries in strengthening their KYC/AML, fraud and Politically Exposed Persons (PEPs) protection, ensuring sanctions and watchlist compliance, protecting their brand and reputation and managing supply chain and vendor risks. RDC uniquely combines the world’s largest risk-relevant database together with an advanced machine learning-driven, SaaS-based screening platform, capable of supporting the largest and most complex global organizations. Founded by 20 of the world’s leading financial institutions, today RDC is a Vista Equity Partners portfolio company. Learn more about RDC by emailing info@rdc.com or visiting www.rdc.com.
About Vista Equity Partners
Vista Equity Partners, a U.S.-based investment firm with offices in Austin, San Francisco, Chicago, and Oakland with more than $31 billion in cumulative capital commitments, currently invests in software, data and technology-enabled organizations led by world-class management teams with long-term perspectives. Vista is a value-added investor, contributing professional expertise and multi-level support towards companies’ realization of their full potential. Vista’s investment approach is anchored by a sizable long-term capital base, experience in structuring technology-oriented transactions, and proven management techniques that yield flexibility and opportunity in private equity investing. For more information, please visit www.vistaequitypartners.com.