SurgeONE.ai, an innovator in Agentic AI solutions, has announced a significant strategic move with the acquisition of MGL Consulting, a long-standing and highly respected compliance firm within the financial services sector. This union marks a pivotal moment, bringing together MGL's four decades of trusted expertise and practitioner-led heritage with SurgeONE's cutting-edge artificial intelligence platform. The aim is to deliver a truly unified and comprehensive solution for compliance, cybersecurity, and data operations, built by professionals who understand the regulatory landscape firsthand and powered by intelligent automation with human oversight.
SurgeONE.ai, a Surge Ventures company and a pioneering Agentic AI-platform designed to streamline compliance, cybersecurity, and data operations, has announced the acquisition of MGL Consulting. This strategic move brings together MGL’s extensive four-decade legacy in financial services compliance with SurgeONE’s innovative AI technology, aiming to create a comprehensive and unified solution for businesses.
MGL Consulting, established in 1984 by compliance veteran Melinda "Mimi" G. LeGaye, has been a steadfast partner for broker-dealers, investment advisors, and commodities firms. Known for its client-centric approach and deep domain knowledge, MGL has guided hundreds of firms through various compliance stages, including formation, registration, and ongoing oversight. The firm's services span rigorous inspections, advertising and communications review, regulatory audit readiness, litigation support, and outsourced CCO and FinOP services, highlighted by its comprehensive Sentinel Program.
This acquisition is set to reinforce SurgeONE.ai's commitment to embedding real human expertise into its technology and service model, distinguishing it from competitors. SurgeONE.ai aims to leverage MGL's practitioner-led heritage to enhance its AI-powered platform, ensuring that solutions are not just smart but also grounded in practical, real-world compliance experience.
"MGL is more than a compliance firm — it's a pillar of the industry, built by people who understand the regulatory landscape because they've lived it," said Sid Yenamandra, CEO of SurgeONE.ai. "This acquisition strengthens our ability to support clients with not only smarter workflows and automation, but with the human judgment and trusted relationships that are critical to navigating regulatory complexity."
Melinda G. LeGaye will maintain her leadership role as CEO of MGL and will also assume the position of President, Compliance Services within SurgeONE.ai. This ensures continuity in MGL's leadership and professional team, while enabling them to integrate with SurgeONE's advanced AI capabilities and client ecosystem.
"My team and I are thrilled to join forces with SurgeONE at a critical inflection point for the industry," said LeGaye. "Sid and his team are building modern, unified workflows to reduce the burden on compliance teams, enhance real-time oversight and improve collaboration across stakeholders. MGL brings the deep expertise and relationships to help accelerate this transformation."
MGL Consulting will operate as a wholly owned subsidiary, joining Security Snapshot, SurgeONE's cybersecurity services unit. This integration expands SurgeONE's platform, bringing together MGL's extensive compliance consulting, Security Snapshot's real-time cyber monitoring and regulatory-grade controls, and the advanced AI infrastructure of RegVerse and Kovair. This powerful combination is designed to automate workflows, unify firm data, and deliver predictive insights, fulfilling SurgeONE.ai's mission to offer an end-to-end solution that merges genuine expertise, modern technology, and seamless service across compliance, cyber, and data operations.
SurgeONE.ai is the industry's first AI-powered platform purpose-built to unify compliance, cybersecurity, and data infrastructure for regulated financial institutions. Backed by Surge Ventures, the platform combines cutting-edge automation with deep practitioner expertise to deliver smarter workflows, real-time oversight, and scalable risk management. Through integrated services and modular technology, SurgeONE.ai empowers broker-dealers, RIAs, and other financial firms to meet evolving regulatory demands with confidence and clarity. SurgeONE.ai brings together trusted entities including MGL Consulting, Security Snapshot, RegVerse, and Kovair — creating an end-to-end solution where expertise meets innovation.
MGL Consulting, LLC is a full-service compliance consulting firm serving broker-dealers, investment advisors, and commodities firms across the U.S. and abroad. Based in The Woodlands, Texas, MGL brings over 40 years of experience and 350+ years of combined team expertise, offering tailored solutions in regulatory compliance, risk management, litigation support, and professional development.
Surge Ventures is a venture studio that builds, acquires, and invests in SaaS companies solving mission-critical challenges in compliance, cybersecurity, and data infrastructure for financial services. Through its integrated execution model and shared technology foundation, Surge has unified RegVerse, Kovair, and Security Snapshot to create SurgeONE.ai — a modern risk and compliance platform designed for scale, speed, and trust.
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