RDC, a provider of risk intelligence compliance screening solutions located in the greater Philadelphia area, is to be acquired by Moody’s Corporation (NYSE:MCO).
The amount of the deal was not disclosed.
Moody’s will be acquiring RDC from Vista Equity Partners.
Led by CEO Tom Walsh, RDC is a compliance screening company that 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 giving access to precise risk alerts and ongoing monitoring for enhanced protection and performance.
The acquisition positions Moody’s Analytics’ Bureau van Dijk (BvD), a 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 extend Moody’s experience and expertise as a leader in financial and corporate reporting and analytics, by incorporating RDC’s risk-relevant database and innovative technology, including the AI screening solution.
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. It is the parent company of Moody’s Analytics, which offers software, advisory services and research for credit and economic analysis and financial risk management.
FinSMEs
24/01/2020