Ncontracts, a provider of integrated compliance, risk, and vendor management solutions, has acquired Venminder, a third-party risk management platform.
This strategic move is complemented by Hg’s buyout of prior shareholders from both Ncontracts and Venminder, including Gryphon Investors.
The acquisition is aimed at deepening Ncontracts’ capabilities in third-party risk management, reinforcing its role as a leader in Software-as-a-Service (SaaS) and Knowledge-as-a-Service (KaaS) within enterprise risk management. With Hg’s investment, Ncontracts is set to further solidify its position in governance, risk, and compliance (GRC) software solutions, catering to a diverse clientele including banks, credit unions, and FinTechs, amid growing regulatory pressures.
Ncontracts, known for its comprehensive compliance and risk management solutions, and Venminder, with its robust third-party risk management platform, will combine their strengths to offer enhanced services to the financial sector. This merger promises to deliver greater value and innovation in integrated risk and compliance solutions.
Additional insights into the acquisition reveal a focus on growth and expansion. Ncontracts has consistently been recognized for its rapid growth, notably being listed in the Inc. 5000 list of fastest-growing private companies in America for the sixth consecutive year in 2024. This acquisition is expected to expand its customer base to over 5,000, demonstrating a committed strategy towards both organic and inorganic growth.
Michael Berman, Founder and CEO of Ncontracts, expressed enthusiasm about the merger: “We are excited to join forces with Venminder. With our teams coming together to help reduce risk, improve compliance and control costs, we will continue to strengthen the financial industry and the communities they serve. With the investment and support from Hg, we are well positioned to continue our rapid growth. Gryphon has been a valuable partner, and I want to thank their outstanding team of operating partners, operating advisors and investment professionals.”
James Hyde, CEO of Venminder, also highlighted the benefits of the merger: “Uniting Venminder and Ncontracts will bring tremendous value to our customers. This strategic partnership extends beyond third-party risk management, propelling Venminder into the broader integrated risk and compliance space. By combining our strengths, we are poised to deliver even more comprehensive and innovative solutions to our clients and the broader market. Our unwavering commitment is to continue to support our clients by guiding them through the complex landscape of third-party risk.”
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