Datactics anticipates strong 2019 business growth with appointment of new Chairman and two new offices in Milan and New York City
Belfast, London, New York, Brussels, Milan, 14th February 2019
RegTech data quality and matching software provider Datactics Ltd today announced a significant expansion of its business with the opening of two new offices and appointment of a new Chairman of the company’s board, Edinburgh-based Graham Paterson.
Graham has over 20 years’ experience in private equity and a founding partner of SL Capital Partners LLP, one of the world’s largest private equity fund of funds managers. In 2013, he co-founded TopQ Software ltd, a technology company which develops software for the private equity industry. TopQ was acquired by eVestment Inc. (now part of NASDAQ Inc.) in 2015, where until 2018 he was a Director of their private markets data and analytics business. He is currently a Non-executive Director of Bailie Gifford US Growth Trust Plc.
“Datactics is a first class business with a robust and innovative product suite” said Paterson, who first joined as an investor in 2018. “It is run by an exceptional team who have built a strong foundation for growth, and I am looking forward to working with them to guide the company through its next phase of development.”
Having experienced strong interest from a number of European banks in its platform for measuring the quality of data for accurate regulatory reporting, and Know Your Customer (KYC) and Anti-Money Laundering (AML) purposes, Datactics has also opened a pre-sales office in Milan, Italy.
Luca Rovesti (Pre-Sales Manager), who will run the office, said, “We are pleased to be meeting increased client demand in major financial centres including Frankfurt, Amsterdam and Zurich. Datactics’ technology is being used in innovative ways to help banks measure, clean and match data ahead of a regulatory reporting or on-boarding process. Our strengths with large-scale fuzzy matching of people and entity data have resulted in significant number of new engagements which we will service from Milan”.
Charlotte commented, “I am delighted to join Datactics and build on our existing client business in New York. We will be exhibiting at a number of industry events in early 2019 including FIMA in Boston, where I’m looking to talking more about the company’s genuinely innovative technology and how we can help Chief Data Officers (CDOs) and KYC managers.”
Datactics CEO Stuart Harvey said, “We welcomed over sixty people to our London Guest Summit in November where we shared our plans for business development and new technology. I’m pleased that we’ve been able to put new staff on the ground in these key locations on the back of strong revenue growth in 2018 and look forward with great anticipation to the coming year.”