Who says compliance is boring… combine compliance and regulatory issues with technology and software solutions and you get something noteworthy. At least according to private equity firm Warburg Pincus, who yesterday announced $100 million investment in Ottawa-based Assent Compliance, a leader in supply chain data management software.
The investment helps Assent Compliance build out its software and platforms, as well as to enhance its product compliance, vendor mangement, and corporate social responsibility solutions, to “respond to the significant volume of data and regulatory requirements”.
CEO Andrew Waitman joined Assent three years ago, after stints at professional services firm Pythian and as managing partner of Celtic House Venture Partners.
FinTech and RegTech have been front and center for investment managers as they are dealing with new regulatory developments and global competitors.