Private equity investor Perwyn Monday announced it has agreed to acquire Vixio Regulatory Intelligence from Kester Capital. Vixio, headquartered in London, United Kingdom, with an office in Washington, D.C., provides regulatory and business intelligence to global payments and gambling companies.
Perwyn, also based in London, will provide capital to help Vixio’s management team expand intelligence platforms for markets, increase geographic penetration, widen its product set, and move into adjacent markets. The funding model enables Perwyn’s investment team to help Vixio with its growth plans.
“We are delighted to be partnering with the Vixio team and to support their ambitious growth plans,” said Perwyn Partner Gurinder Sunner in a statement. “Already the market leader, we will be investing to enhance and increase the product offering and geographic coverage whilst maintaining and building its leading reputation as the go to provider for regulatory intelligence in both the payments and gambling markets.”
Vixio provides more than 400 global customers, including operators, regulators, technology providers, and law firms, with payments compliance and gambling compliance subscription products.
“We are delighted to be working with Perwyn at a pivotal time in our development,” said Vixio CEO Mike Woolfrey. “We are particularly impressed by their track record in partnering and supporting exceptional companies to achieve ambitious plans on a global scale and look forward to working with them on helping Vixio fulfil its potential.”
As part of the transaction, Gehan Talwatte, deputy chairman of the Anthesis Group and non-executive chairman of Skill Dynamics and OAG, will join Vixio’s board of directors as independent chair. Sunner and Perwyn Investment Manager Mark Deed also will join Vixio’s board.
“When we met the team at Vixio we were immediately struck by the unique value of the business, and by the sophistication of its research capabilities,” Deed said. “No other provider of regulatory intelligence is solely focused on payments and gambling, two very heavily regulated markets which require a laser sharp focus, giving it market leading capabilities.”
