An affiliate of Stellex Capital Management acquired G2 Web Services, Lundquist Consulting (LCI) and Fintellix India Private Limited from TransUnion.
The Platform is comprised of tenured businesses, focusing on deploying sophisticated data-driven solutions to provide mission-critical risk, fraud mitigation and regulatory compliance services to their respective global clients within the financial and digital commerce sectors. An affiliate of Stellex will be investing in the Platform’s people, technology and products with the goal of continuing to enhance its value proposition to customers.
In conjunction with the transaction, Stellex named Brian Longe as CEO of the newly formed platform. Longe brings more than 30 years of experience growing technology and data services businesses in both private equity backed and public markets settings. Most recently, he served as the CEO of Sontiq, an identity theft protection provider to businesses and consumers. Prior to Sontiq, Longe served as the CEO of Wolters Kluwer Financial Services and American Stock Transfer & Trust Company.
“I am thrilled to lead the next phase of growth of these exceptional businesses. In partnership with Stellex and the Platform’s teams, we will strive to be bolder and at the forefront of innovation, and providing the highest standard in quality and reliability for our customers,” Longe said. “As the digitalization of workflows, ecommerce growth, the rising cost of fraud, and increased regulations continue to create more complex pain points for our clients, we will be working alongside them and delivering them leading solutions.”
“We are excited about the acquisition of the Platform which together will form Stellex’s data-centric digital risk and compliance platform,” Irina Krasik, managing director at Stellex, said. “We believe these businesses are well poised for growth as they already hold commanding positions in their sectors and we will look to invest in their capabilities organically and through M&A.”
The transaction closed on Dec. 30, 2022. DLA Piper acted as legal counsel to Stellex.
