The Global RegTech Summit USA, held yesterday at 117 West 46th Street, has been acclaimed as the most successful U.S. edition of the event to date. With over 350 attendees, the summit brought together industry leaders, innovators, and experts to discuss the latest trends and challenges in regulatory technology.
As regulatory landscapes grow increasingly complex, organizations are turning to governance, risk and compliance (GRC) programs as a force-multiplier. When implemented effectively, GRC can drastically improve an organization's ability to efficiently navigate rules and requirements while becoming more risk-intelligent. However, capturing these benefits requires taking a holistic, strategic approach from the outset.
London-based private equity firm Hg Capital has acquired Los Angeles-based AuditBoard, a leading GRC platform, for over $3 billion. This acquisition by Hg follows a series of investments into GRC solutions providers, sending a continued message of market validation to the growth and significance of the space. Hg Capital's acquisition of AuditBoard may serve as a strong anchor into the GRC space to support a larger private equity rollup of other GRC solutions. AuditBoard recently surpassed $200 million in annual recurring revenue and serves half of the Fortune 500.
In a resounding validation of the burgeoning importance of governance, risk management, and compliance (GRC) technology, Corlytics has secured a substantial investment from Verdane, marking what could very well be a pivotal moment in the evolution of the GRC industry. This strategic partnership serves as a bellwether for the remarkable growth trajectory and importance of the broader GRC and RegTech sectors.
Corlytics, a leading player in the RegTech industry, has successfully finalized its acquisition of Clausematch, marking a significant milestone in their growth trajectory. The merger combines the capabilities of both companies to create an enhanced platform that manages the entire regulatory risk value chain on a global scale. The newly formed Group aims to establish itself as a prominent player in the industry.