The RDC acquisition positions Moody’s Analytics’ Bureau van Dijk (BvD), a leading provider of business intelligence and company data, to expand its range of data solutions, creating a global leader in anti-money laundering (AML) and know your customer (KYC) data and due diligence services.
It will deepen Moody’s experience and expertise as a leader in financial and corporate reporting and analytics, by incorporating RDC’s world’s largest risk-relevant database and innovative technology, including the first-to-market true AI screening solution.
“Joining the Moody’s Analytics team is thrilling as it positions RDC to broaden our risk intelligence technology solutions as part of a leading provider of market and entity information and analytics to global financial institutions,” said RDC CEO Tom Walsh.
“Joining BvD, under the Moody’s Analytics umbrella, will help us to expand and extend our artificial intelligence leadership position. It also enables us to re-double our mission of preventing criminal infiltration of the world’s financial system and bringing global transparency to areas of social responsibility such as human trafficking.”
Moody’s is an essential component of the global capital markets, providing credit ratings, research, tools and analysis that contribute to transparent and integrated financial markets.
Moody’s is the parent company of Moody’s Analytics, which offers leading-edge software, advisory services and research for credit and economic analysis and financial risk management.
Moody’s will be acquiring RDC from Vista Equity Partners (Vista), a leading investment firm focused on enterprise software, data and technology-enabled businesses. Located in the greater Philadelphia area, RDC has been a part of the Vista portfolio since September of 2016.
The compliance screening company provides anti-money laundering and reputational risk software that prevents criminal infiltration of the global financial system, working as an extension of its customers’ compliance and safety teams by providing precise risk alerts and ongoing monitoring for enhanced protection and performance.
The transaction is expected to close in the first quarter of 2020, subject to the satisfaction of customary closing conditions, including the expiration or termination of any applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976.
UBS Investment Bank served as financial advisor and Kirkland & Ellis LLP served as legal advisor to RDC and Vista Equity Partners.