The funds will be used to help enhance Complinet’s product offering and build on its international presence.

The company, which is headquartered in London, will also seek to further expand, either organically or through acquisition, into financial services sub-sectors. Fidelity’s investment enables some of Complinet’s long-standing shareholders to get liquidity for a portion of their holding.

Complinet currently services over 1,200 companies, including approximately 80 per cent of the world’s leading financial services firms, such as Morgan Stanley, UBS, Edward Jones and Royal Bank of Scotland.

Chris Pilling, CEO of Complinet, says: ‘The timing for this investment is right, given the rapidly growing demand for regulatory and compliance solutions from financial services companies.’

Sebastian McKinlay and Stephen Findlay, partner and vice president of Fidelity Equity Partners respectively, have joined the company’s board of directors.

McKinlay observes that the global demand for regulatory and compliance solutions is growing, noting that risk technology expenditure alone was estimated to be $5.9 billion and growing by seven per cent per year.

The shareholders of Complinet were advised by corporate finance specialist The van Tulleken Company.