March 16, 2017
JEGI's March Client Briefing newsletter included brief summaries of the JEGI Media & Tech Conference sessions. CIP Capital's Managing Partner Scott Marden was a featured speaker on the panel "Key Trends in the Financial Markets". View the panel highlights here.
CARCO Group Announces Corporate Rebranding, Introduces Cisive Family of Brands
Cisive stands for clear and accurate insights that give our clients confidence in their most critical decisions while protecting their brand and reputation
February 1, 2017 – CARCO Group, Inc., a leading provider of tech-enabled and compliance-driven human capital management solutions, is changing its name to Cisive to better communicate its focus on clear and accurate insights for its HR solutions, security and insurance/fraud prevention clients. As the parent company for all of its businesses, Cisive will house the CARCO and Driver iQ brands and continue its mission to help clients identify fraud and reduce risk through innovative technology.
Building on the success of its HR onboarding, background screening and investigation business, the company is rebranding to keep pace with its growth and drive innovation across the human resource capital management market. The CARCO brand will focus exclusively on pre-insurance vehicle inspections and fraud prevention.
“This is an exciting time of innovation and growth for our company. Cisive (think decisive!) stands for clear and accurate insights that give our clients confidence in their most critical decisions while protecting their brand and reputation,” said Jim Owens, CEO and President of Cisive. Owens further stated, “It has become harder and more complex to determine relevant facts in a world where instant information rules. Decision making is more important than ever, made even more challenging by an ever-growing number of sources, some credible, others not. Further, today’s businesses demand an experience best delivered by technology integrated with human insight.”
Throughout the company’s history, the world’s most prestigious organizations have turned to Cisive for the most accurate and legally compliant background screening and pre-insurance vehicle inspections. As the business environment grows ever more complex, Cisive will continue its focus on information accuracy to ensure clients receive clear and accurate insights in order to make confident business decisions.
The Cisive brand includes the following business divisions:
Cisive, the new name of the HR technology, human resource management solutions and background investigation business lines.
CARCO, the leader in the pre-insurance vehicle inspection and fraud prevention market. The CARCO name will now be focused exclusively on vehicle inspections and fraud prevention.
Driver iQ, the leader in screening for the trucking industry.
The Cisive family of brands will retain the established values and commitment to great customer service that its clients have come to know and expect over the years.
CIP Capital Completes Investment to Create Leading RegTech Platform
Formation of strategic partner to the global financial services industry offering technology-enabled solutions to address a comprehensive range of regulatory and compliance needs
January 31, 2017 – CIP Capital announced the formation of Compliance Solutions Strategies (“CSS” or the “Company”), a leading provider of technology-enabled regulatory and compliance solutions to the financial services industry. The CSS platform was created through CIP Capital’s investments in three leading businesses in the governance, risk management and compliance (“GRC”) market: Advise Technologies, Ascendant Compliance Management and The MoneyMate Group. This highly strategic combination of three leading organizations will result in a global platform that leverages software across a broad range of solutions to enable clients in the financial services industry to meet mandatory regulatory and compliance requirements.
The CSS platform provides a comprehensive technology-enabled offering encompassing regulatory reporting, data management, outsourced compliance management services, compliance workflow tools, shareholding disclosure, trade monitoring, trading analytics and cybersecurity solutions. The Company focuses on serving the global financial services industry and collaborates with a large client base across asset managers, alternative investment funds, investment advisors, broker-dealers, banks and insurance companies. The platform offers expertise in an extensive range of regulatory requirements including AIFMD, CPO-PQR, Form ADV, Form PF, MiFID II, N-MFP, N-PORT, Rule 206(4)-7, Rule 38a-1, Solvency II and PRIIPs, among many others. Key products across the platform’s current offering include Consensus, Signal, Vault, Ascendant, ACM, Trade Blotter Manager, Accudelta, Silverfinch and Longboat Analytics. The Company maintains a global footprint across both the United States and Europe with offices in locations including New York City, Salisbury (CT), Dublin, London, Paris and Amsterdam. The senior executive teams of all three companies will continue to run their respective businesses as part of the CSS platform.
“The financial services industry faces significant operational challenges and headwinds from the complex and ever-changing regulatory environment. Now more than ever, firms need to leverage technology and software to ensure compliance with a broad range of non-discretionary regulatory requirements in a transparent and efficient manner. This unique combination of Advise, Ascendant and MoneyMate will provide the industry with a strategic partner for regulatory compliance,” said Jim Casella, who will serve as Chairman and CEO of the CSS platform and be based in New York City. John Lee, who will serve as Managing Director, Europe for the platform and be based in London, added, “The undercurrent from key regulatory drivers such as AIFMD, MiFID II and PRIIPs, is being felt worldwide. To prepare optimally for the myriad reporting and data management challenges these present, institutions are seeking a tactical solution that is global in scope and aligned to the competing priorities of business continuity and minimizing the internal costs of compliance. This calls for a trusted partner with the agility and global reach to deliver a suite of scalable compliance solutions that are in step with evolving regulatory demands.”
“We are very excited about the launch of CSS and feel that establishing a platform in the complex, changing and rapidly growing GRC sector represents an important strategic move for our firm,” commented Scott Marden, Managing Partner of CIP Capital. “Advise, Ascendant and MoneyMate have each developed a range of innovative solutions in response to the needs of their clients,” added Bobby Kelly, Managing Director of CIP Capital. “We look forward to serving as their partner as part of the combined platform and providing additional resources and further investment in order to better serve our global client base.”
January 30, 2017
The SuperReturn US West Conference will take place on February 6-8, 2017 at the Four Seasons Hotel in San Francisco. Come and learn from 180+ industry leaders and network with the some of the greatest deal makers on the West coast.
CIP Capital's Managing Partner Scott Marden will be moderating the 10:20 AM panel session, "GP's on Deal Making", on Tuesday, February 7th.
January 12, 2017
JEGI’s 13th Annual Media & Technology Conference will take place Thursday, January 12th in NYC. The 13th annual JEGI Media & Technology Conference is a preeminent, can’t miss event for more than 400 senior executives across the media, marketing and technology sectors. The 2017 Conference will provide key insights from high-profile speakers across JEGI’s core markets on how to stay relevant in today’s fast-paced and rapidly evolving landscape.
CIP Capital's Managing Partner Scott Marden is a featured speaker on the panel "Key Trends in the Financial Markets".