VIXIO welcomes Perwyn as new owner to expand global profile 

VIXIO welcomes Perwyn as new owner to expand global profile 

VIXIO (VIXIO.com) has come under new ownership, as European private-equity firm Perwyn has acquired the global gambling business and regulatory intelligence provider from Kester Capital. 

The deal was announced this afternoon, with Perwyn taking full ownership of VIXIO’s flagship GamblingCompliance and PaymentsCompliance business intelligence portals.

Perwyn informed that it will invest in VIXIO’s management team to further expand the depth of its intelligence portals and geographic coverage in which it currently services over “400 customers globally, including operators, regulators, technology providers, and law firms.”

As part of the transaction, Gehan Talwatte –  an experienced executive in the growth of high-value intelligence businesses across various industries – joins VIXIO’s board of directors as Independent Chair.

Gurinder Sunner, Partner at Perwyn, commented: “We are delighted to be partnering with the VIXIO team and to support their ambitious growth plans.

“Already the market leader, we will be investing to enhance and increase the product offering and geographic coverage whilst maintaining and building its leading reputation as the go-to provider for regulatory intelligence in both the payments and gambling markets.  We look forward to working with Mike and the team.” 

Backed by Kester Capital in 2019, VIXIO, who formerly operated as ComplianceOnline undertook a management buyout led by Chief Executive Mike Woolfrey.

Subsequent years saw ComplianceOnline rebranded to VIXIO as the company expanded its business intelligence services for North American and LatAm gambling markets.   

Woolfrey, who will maintain his role as Chief Executive, commented: “We are delighted to be working with Perwyn at a pivotal time in our development. 

“We are particularly impressed by their track record in partnering and supporting exceptional companies to achieve ambitious plans on a global scale and look forward to working with them on helping VIXIO fulfil its potential.”

The Perwyn deal was undertaken by  Gurinder Sunner, Mark Deed, and Angus Duthie-Jackson, who informed that  Deed, current Investment Manager at Perwyn will serve as a new board member of VIXIO. 

Deed noted, “When we met the team at VIXIO we were immediately struck by the unique value of the business and by the sophistication of its research capabilities.

“No other provider of regulatory intelligence is solely focused on payments and gambling, two very heavily regulated markets which require a laser-sharp focus, giving it market-leading capabilities.”

Source: SBC News