MirrorWeb, a prominent player in the digital communications archiving and regulatory compliance software arena, has successfully secured a $63m growth equity investment from Mainsail Partners.
This substantial financial boost is set to accelerate MirrorWeb’s product innovation and enhance its customer success framework.
The funds will be channelled towards advancing the development of MirrorWeb’s software solutions, which are crucial for financial institutions grappling with increasing regulatory demands.
MirrorWeb’s flagship product, the Insight platform, is designed to streamline the supervision of unified communications across various channels including websites, mobile communications, email, instant messaging, and social media. This comprehensive coverage ensures that financial services firms remain compliant with stringent digital communication regulations, ready for audits at any moment.
David Clee, co-founder and CEO of MirrorWeb, stated, “Regulators have never been more focused on ensuring the integrity of financial markets, protecting investors and preventing systematic risk to our economy.
“Mainsail’s investment and operational resources will help us continue to support financial institutions as they navigate this environment and to meet their compliance and digital preservation needs.”
Additional context includes the participation of David Farsai and Garret Jackson from Mainsail Partners joining the MirrorWeb Board of Directors alongside Romir Bosu, CEO of Nadavon Capital Partners. DC Advisory played a crucial role as the exclusive financial advisor during this transaction.
Garret Jackson, Vice President at Mainsail Partners, said, “MirrorWeb has demonstrated a commitment to delivering strong customer service and innovative products. We look forward to working with Dave, Phil, and the entire team to double down on this focus, bringing peace of mind to customers facing increasing regulatory pressures.”
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