Carleton McKenna Advises Akrovi in its Sale to RegEd

Carleton McKenna & Co. acted as exclusive financial advisor to Arkovi in its sale to RegEd.This acquisition allows RegEd to provide a new level of value in the emerging and critical area of compliance. Arkovi will be a core component of RegEd's Social Media and Communications Compliance offering.

Against a backdrop of increased regulatory scrutiny, advisors continue to expand their use of social media to actively engage a new generation of clients. With Arkovi, RegEd clients will have an innovative archiving and surveillance system with the flexibility to promote compliance across all social media outlets.

John M. Schobel, RegEd CEO, stated, "Our clients have been demanding an integrated solution for social media archiving that is focused on financial services and delivered by a proven and trusted provider. Arkovi and RegEd together provide the answer. Innovation is fundamental to Arkovi and combining this offering with RegEd's broadly-adopted suite of compliance applications provides a comprehensive and forward-looking solution for the marketplace."

About Arkovi

Arkovi is a technology company that has developed a proprietary back-office software platform that monitors and archives incoming and outgoing social media communications. The company's innovative SaaS platform allows financial services firms to maintain a permanent record of their social media activity to maintain FINRA and SEC compliance. It is the only solution that supports all major social and web platforms including Facebook, Google+, LinkedIn, Twitter, YouTube, Blogs and websites.

About RegEd

RegEd, a StoneRiver Inc. company, is a leading provider of technology solutions for compliance and risk management serving over 800 enterprise clients including 80 of the top 100 financial services firms. Established in 1994 by former regulators, the company is a recognized industry authority and has created the standard of excellence for rule-based compliance automation for broker-dealers, investment advisors, insurance companies and their distributors.

About Carleton McKenna & Co.

For more than thirty years, Carleton McKenna & Co. and its predecessor firms have been providing merger and acquisition advisory, capital raising and valuation services for small to mid-cap regional clients – both public and private – with expertise across a broad array of industries. For further information about Carleton McKenna & Co., please visit www.carletonmckenna.com.

If you would like more information about this transaction, please contact the following registered representatives*:

Paul H. Carleton
phc@carletonmckenna.com
216.523.1962
Christopher J. McKenna
cjm@carletonmckenna.com
216.523.1962
Dominic M. Brault
dmb@carletonmckenna.com
216.523.1962

*Securities placed through Financial America Securities, Inc., which is a member of FINRA/SIPC

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