Assent continues to pioneer the supply chain data management space with the addition of over US$100 million in growth equity from Warburg Pincus, a leading global private equity firm.
This marks Assent’s third successful funding round in three years. The investment by Warburg Pincus highlights the company as leaders in supply chain data management, helping clients around the world reduce third-party risk in the global marketplace. It will enable Assent to continue the development of our market-leading supply chain data management platform, which allows companies to collect data to identify and assess corporate social responsibility, product compliance and vendor management risk.
“Assent’s innovative technology offerings and unmatched regulatory expertise have supported the company’s rapid growth, and cemented its leadership position in the supply chain data management sector,” said Justin Sadrian, Managing Director, Warburg Pincus. “The company has taken supply chain transparency to a new level and created a clear category-leading platform. In doing so, Assent has earned an outstanding reputation for providing world class solutions and client support – making Assent the partner of choice for S&P 500 companies around the world. We look forward to working with Assent’s leadership team as the company embarks on its next chapter of growth.”
“We are thrilled to partner with Warburg Pincus – one of the leading growth equity firms in the world,” said Andrew Waitman, CEO of Assent Compliance. “Warburg’s enviable software domain experience complements our remarkable supply chain data management expertise to continue and accelerate Assent’s rapid growth. Their thoughtful selection of Assent reinforces our market leadership and will enable us to continue to deliver innovative solutions that protect companies from third-party risks within their supply chains.”
BDC Capital, Greenspring Associates, OpenText Enterprise Application Fund (OTEAF), and Volition Capital will all remain investors in the company, as a reflection of their continued confidence in Assent. Members of Assent’s management team will also retain an ownership stake.
Assent Compliance is the global leader in supply chain data management, providing enterprise SaaS solutions to help companies simplify their supply chain. By combining leading-edge technologies and extensive supply chain expertise, Assent’s solutions manage third-party data to protect corporate brands, increase market accessibility, and reduce operational and financial risk. The Assent Compliance Platform automates supply chain data management, increasing supply chain transparency and helping companies respond to the significant volume of data and regulatory requirements they face.
For more information, visit our website at assent.com.