Risk and compliance solution provider Quantivate has bagged an investment round from Luminate Capital Partners, the private equity firm.
While neither parties revealed how much money had been put into the Washington-based business, the deal will see Luminate Capital Partners founder Hollie Haynes, operating partner Scott Kingsfield and principal Dave Ulrich join Quantivate’s board of directors.
Haynes said, “We are excited to partner with the Quantivate team to support their continued growth and success.”
Ulrich added, “Compliance and risk management requirements have become increasingly complex and burdensome for financial institutions in recent years. We believe Quantivate is extremely well positioned to continue to address this trend.”
Quantivate was founded in 2005 and has since gone on to serve clients like The Golden 1 Credit Union and Bangor Savings Bank with its technology helping them mitigate enterprise risk, maintain compliance with regulatory requirements and manage organisational policies and procedures.
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