Bain Capital Makes Second-Round Investment in Regulatory DataCorp

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Mon Jun 1, 2009 2:02pm EDT

WILMINGTON, Del. & BOSTON--(Business Wire)--
Wilmington-based compliance and risk mitigation leaderRegulatory DataCorp (RDC)
today announced the completion of a second round of funding from Bain Capital
Ventures, one of the world`s leading private investment firms. Terms of the
investment were not disclosed. RDC will use the funds to further improve and
expand availability of its compliance and risk mitigation products and services,
including its popular GRID database. 

With more than seven million records, GRID is the largest and fastest growing
risk-related, public-source database in the world. Information in GRID is used
by financial service companies and others to ensure compliance with the USA
PATRIOT Act, anti-money laundering laws and other regulations, and to mitigate
financial and reputation risk. Working with experienced regulators, law
enforcement experts and others, RDC built GRID for public and private customers
who require timely access to public source data. Data in GRID is organized into
43 risk codes, including money laundering, bank fraud, terrorism, narcotics
trafficking, organized crime, environmental and human rights violations,
embargoes and sanctions. 

This second round of funding for RDC follows the first tranche, also from Bain
Capital, which was made in July, 2007. 

"As this second investment suggests, Bain Capital Ventures remains confident in
RDC`s technology and leadership," said Bain Capital Ventures Managing Director
Jeffrey Schwartz. "Demand for superior risk mitigation data is large and
growing. With GRID, RDC offers the best-in-class, most comprehensive
risk-relevant database in the world. We are excited to be part of this success
story and we are eager to collaborate with RDC to expand their operations in
markets around the world." 

Commenting on Bain Capital`s investment, Mark A. Parsells, RDC Chairman & Chief
Executive Officer, said, "Our relationship with Bain Capital is about much more
than funding. Bain brings extraordinary talent and experience to the table. They
are a critical partner in helping RDC realize its vision of becoming the global
leader in risk mitigation and regulatory compliance. We look forward to working
closely with Bain for many years to come." 

About Bain Capital Ventures

Established in 1984, Bain Capital Ventures is one of the world's leading private
investment firms managing approximately $60 billion in assets under management.
Bain Capital`s affiliated advisors make private equity, public equity, leveraged
debt asset, venture capital, and global macro asset investments across multiple
sectors and industries. Since its inception, Bain Capital`s competitive
advantage has been grounded in a people-intensive, value-added investment
approach that has enabled the firm to deliver industry-leading returns for
investors. 

About Regulatory Data Corporation

Regulatory DataCorp. (www.rdc.com) was founded by Goldman Sachs and 19 other
leading financial institutions in the wake of 9/11 and is the only regulatory
compliance vendor built by the financial services industry for the financial
services industry. Bain Capital Ventures, LLC, a Boston-based private equity
firm, became a lead investor in RDC in 2007. Today RDC offers the world`s
largest database of open-source, risk-relevant records and an array of products
and services to satisfy due diligence requirements and to enable compliance with
anti-money laundering (AML) laws, Know Your Customer (KYC) rules and other
related reporting requirements. 





Regulatory Data Corporation
Jim Donahue, 302-367-6929
jdonahue@rdc.com



Copyright Business Wire 2009

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