Mar 30, 2023

Seasoned industry veteran to take the reins and lead RegEd to its next level of growth as John Schobel assumes board position to focus on strategic imperatives and M&A March 30, 2023 11:00 ET Morrisville, North Carolina, UNITED STATES Raleigh, NC, March 30, 2023 (GLOBE NEWSWIRE) -- RegEd, the market-leading provider of enterprise regulatory compliance solutions to insurance companies and financial services firms, is pleased to announce that Frank Brienzi, an industry executive with 35 years’ experience driving growth in large and mid-market companies, will assume the role of CEO of RegEd. RegEd is a portfolio company of Gryphon Investors, a leading middle-market private equity firm. Brienzi is a highly accomplished business leader with significant CEO experience. Most recently, Brienzi was the CEO of Allegro Development Corporation in Dallas, which was sold to ION Capital, and prior to that he was the President of Misys in London, owned by Vista Equity Partners. Brienzi started his career at EDS, was a long-term partner at Accenture, and was SVP and MD at Oracle running their Global Financial Services Business Unit for Banking, Insurance and Capital Markets. For the past three years Brienzi has served as Executive Chairman at RegEd, working closely with John Schobel, RegEd’s founder and CEO, and members of the RegEd Leadership team, which will ensure a smooth transition and accelerate growth and operational plans. Brienzi commented, “It is a true privilege stepping into the CEO role at a company that has been and will continue to be the leader in its RegTech space. I have admired the truly great work this organization has accomplished, and I’m excited about the opportunity to drive a new level of growth and value for our clients.”  He continued, “I’m grateful to John for his foresight in founding and then building RegEd into the great company it is today. John’s vision and industry and product knowledge is unmatched, and I look forward to working with him as he pursues strategic opportunities for RegEd’s future success.” Effective immediately Brienzi will oversee the RegEd organization and drive day to day operations. “I’m thrilled to pass the torch to Frank,” stated Schobel. “He is a very capable leader who knows our industry and products, he’s worked closely with me and the RegEd team for the past three years, and I’m confident that he’ll lift RegEd to a new level of capability and success.” Alex Earls, Partner at Gryphon Investors and Head of the firm’s Business Services Group, said, “We thank John for his tremendous contributions over the years in building RegEd into the market leader it is today. We are excited for Frank to step into the CEO role to lead RegEd in its next phase of growth, given his proven track record and relevant financial services experience. Having served as RegEd’s Executive Chairman for the last three years, Frank has a deep understanding of the business and will hit the ground running.”