Craig Clay on corporate spin-off
From Craig Clay - CEO DFIN · · Karen Walker
“We were really excited to spin out of RR Donnelley to be a standalone company with no association back to the parent and really to accelerate and double down our investment which is helping again the same clients through their entire business life cycle from startup to initial fundraising to public listings to mergers and acquisitions.”
On , Craig Clay, President of Global Capital Markets at DONNELLEY FINANCIAL SOLTNS, spoke about corporate spin-off during Craig Clay - CEO DFIN on Karen Walker.
About Craig Clay
Craig Clay, President of Global Capital Markets at Donnelley Financial Solutions (DFIN), has discussed the company's transformation from a financial printing business into a technology and software provider. In interviews, Clay stated that DFIN's spin-out from RR Donnelley in 2016 allowed the company to accelerate investment in software products, including Active Disclosure, a cloud-based financial reporting tool, and Venue, a virtual data room with built-in AI analytics. He described the company's focus on recurring revenue and security, noting that DFIN has implemented multi-factor authentication, encryption, and Type 2 SOC audits across its products. Clay has commented on market trends, stating that SPACs "rescued Wall Street from the COVID doldrums of 2020" and that they have "democratized access to late-stage venture companies" for individual investors. He expressed support for SEC scrutiny of SPACs, calling it "great because it means that the SEC is legitimizing and bringing confidence and transparency." Regarding the workplace, Clay said DFIN is "permanent work from home" and emphasized the importance of empathy and connection in combating the "great resignation," stating that "people work for people" and want to "feel valued." He also described the COVID-19 crisis as a "defining moment" that confirmed DFIN's transformation had succeeded.