Simmons & Simmons Advises SteelEye Management on Merger with FundApps

"Simmons & Simmons advised the management of SteelEye on its merger with FundApps, a deal backed by FTV Capital that joins two RegTech providers to form a unified end-to-end compliance platform. The combined organisation will serve over 350 clients across 18 countries with combined annual recurring revenue approaching £50 million."

Simmons & Simmons advised the management of SteelEye on its merger with FundApps. The transaction brings together SteelEye, a trade and communications surveillance and data analytics platform, and FundApps, a provider of compliance monitoring and regulatory reporting solutions for the global financial services industry. Backed by FTV Capital, the merger unites two of the RegTech sector’s providers to create a single end-to-end compliance solution for buy-side and sell-side clients. The combined organisation will deliver a unified platform integrating surveillance, monitoring, reporting and analytics to provide visibility and control throughout the regulatory lifecycle. Together FundApps and SteelEye will support over 350 clients, including banks, asset managers, hedge funds and commodities firms across 18 countries, with combined annual recurring revenue approaching £50 million and major offices in London, New York, Singapore, India and Portugal. Simmons & Simmons represented SteelEye's management with a team composed by: Sean Geraghty, Corporate and M&A partner; Angus McLean, Client relationship partner; Geraint Steyn, corporate team; Josephine Renfrey, corporate team; and Max Rayner, corporate team.

Simmons & Simmons Advises SteelEye Management on Merger with FundApps

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