Scottish Equity Partners (SEP) has completed a significant growth equity investment in AutoRek, a leading provider of financial control, regulatory reporting and data management software.
AutoRek’s cloud-based software as a service (SaaS) platform has experienced significant growth in the past three years and investment from SEP will enable the company to accelerate its product development plans and further extend its offering internationally.
The drive for greater integrity, transparency and accountability within the financial services sector has led to increased regulation of financial institutions and growing demand for AutoRek’s financial control and regulatory reporting solutions. AutoRek’s software automates high-volume reconciliation, exception management and data analysis workflows, delivering operational efficiency and improved governance of financial and regulatory risk. Partnering with SEP will support the company to further enhance its proposition to address a USD2 billion plus per annum global regulatory and data management software market.
Source: Private Equity Wire
