VIXIO Regulatory Intelligence has new ownership after European PE firm Perwyn confirmed the acquisition of the regulatory specialists firm this week.
Purchased from Kester Capital for an undisclosed amount, Vixio’s PaymentsCompliance and GamblingCompliance products will continue to seek its ‘ambitious growth plans’ with the support of its new ownership.
Perwyn confirmed that it will provide investment to the Vixio management team to continue its growth and expand the reach of its intelligence subscription platforms.
Headquartered in London with an office in Washington DC, VIXIO has over 400 global customers from the gambling industry, including operators, regulators, tech firms, and law firms.
Further terms of the deal see Gehan Talwatte join the board of directors at VIXIO, taking up the Independent Chair role on the company’s executive.
Mike Woolfrey, CEO of VIXIO, commented: “We are delighted to be working with Perwyn at a pivotal time in our development. 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 fulfill its potential.”
Formerly known as ComplianceOnline, VIXIO underwent a management buyout led by Woolfrey, who took on the CEO title.
The following years saw the firm rebrand to VIXIO, launching GamblingCompliance whilst taking its services into the North American and Latin American markets.
The Perwyn buyout, it has been stated, will help the firm to ‘increase geographic penetration, widen the product set and move into adjacent markets’.
Gurinder Sunner, Partner at Perwyn, added: “We are delighted to be partnering with the VIXIO team and to support their ambitious growth plans. 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.
“We look forward to working with Mike and the team.”