Portico Capital Advises Telavance on its Sale to ACA Compliance Group

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Portico Capital Securities announced today that it served as the exclusive financial adviser to Telavance on its sale to ACA Compliance Group, a New Mountain Capital portfolio company. “We are pleased to have worked with the team at Telavance, including co-founder Sal Cangialosi for a second time after representing him in the sale of his prior AML software company, Prime Associates, to Metavante,” noted Searcy Dryden, General Partner at Portico Capital.  “Telavance is well positioned to help its clients manage the increasing complexities of the financial crime regulatory landscape and will be a compelling extension to ACA’s service suite as they look to further penetrate the commercial banking sector.”

Below are more details from the Company’s press release:

ACA Compliance Group Acquires Telavance        

ACA Compliance Group (ACA), a global leader in providing compliance, cybersecurity, performance, and technology solutions to financial services firms, has acquired Telavance.

Founded in 2010 by Salvatore Cangialosi, Gokul Kallambunathil, Rama Pappu, and Mahesh Viswanathan, Telavance provides anti-money laundering (“AML”) risk reviews and related regulatory compliance services and software solutions. They offer leadership and expertise in the areas of risk assessment and mitigation, remediation of regulatory actions, model risk management, fraud rules assessments, NYS DFS 504 compliance, AML software system enhancements and optimizations, and transaction reviews and “look-backs.” Telavance’s client base is primarily centered in the banking industry.

As a result of the transaction, Telavance will become a part of a new division of ACA focused on AML risk strategies and financial crime. Salvatore Cangialosi, Gokul Kallambunathil, Rama Pappu, and Mahesh Viswanathan, along with Telavance’s existing staff, will join ACA.

“ACA, with its breadth of professional resources, leading position among financial services firms, and financial strength, will provide the long-term base for the stability and growth that will benefit our clients, staff, and partners,” said Cangialosi. “We look forward to working closely with ACA’s regulatory specialists who offer AML reviews and testing, in order to greatly expand the value we offer to our clients.”

“We are very excited that Telavance is now part of ACA, as they provide us with the opportunity to expand our client base and further grow our regulatory offerings,” said Ted Eichenlaub, Partner at ACA Compliance Group. “Additionally, we believe that secular trends will continue to push more AML requirements that will impact all of our clients and Telavance will give us additional footing to meet our clients’ needs.”

Details about the transaction were not disclosed.

Portico Capital Securities LLC served as exclusive financial advisor to Telavance with respect to this transaction.

About ACA Compliance Group
ACA Compliance Group (“ACA”) is a leading global provider of regulatory compliance products and solutions, cybersecurity and technology risk assessments, AML risk strategies, performance services, and technology solutions to the financial services industry. Founded in 2002 by former SEC examiners and a state regulator, ACA develops and provides its products through a worldwide team of former SEC, FINRA, FSA, NYSE, NFA, and state regulators, as well as former senior in-house compliance professionals and technologists from prominent financial institutions. ACA serves a diverse base of leading investment advisers, private fund managers, commodity trading advisors, investment companies, broker-dealers, and banks. ACA’s products include standard and customized compliance packages, cybersecurity and technology risk assessments, GIPS® verifications and other performance services, and a wide variety of technology solutions for financial services firms. For more information, visit our website at www.acacompliancegroup.com.

About Telavance
Telavance is a leading provider of risk and regulatory compliance service and software solutions to financial institutions. The Company offers leadership and expertise in the areas risk assessment and mitigation, AML program reviews and design, model risk management, regulatory remediation, look backs, and software system enhancements / optimizations. For more information, please visit www.telavance.com.

About Portico Capital Securities, LLC
Portico Capital provides independent strategic and financial advisory services in the areas of mergers & acquisitions (M&A), recapitalizations and capital raisings exclusively to private and public companies in the global information and business services/software sector.  The firm, founded in 2000, has offices in Greenwich, Connecticut and London, England. For more information, please visit www.porticocap.com.

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Portico contact(s)

S. Searcy Dryden
General Partner

Casey N. Hofmeister
Managing Director