No Result
View All Result
SUBSCRIBE | NO FEES, NO PAYWALLS
MANAGE MY SUBSCRIPTION
NEWSLETTER
Corporate Compliance Insights
  • Home
  • About
    • About CCI
    • Writing for CCI
    • NEW: CCI Press – Book Publishing
    • Advertise With Us
  • Explore Topics
    • See All Articles
    • Compliance
    • Ethics
    • Risk
    • FCPA
    • Governance
    • Fraud
    • Internal Audit
    • HR Compliance
    • Cybersecurity
    • Data Privacy
    • Financial Services
    • Well-Being at Work
    • Leadership and Career
    • Opinion
  • Vendor News
  • Career Connection
  • Events
    • Calendar
    • Submit an Event
  • Library
    • Whitepapers & Reports
    • eBooks
    • CCI Press & Compliance Bookshelf
  • Podcasts
  • Videos
  • Subscribe
  • Home
  • About
    • About CCI
    • Writing for CCI
    • NEW: CCI Press – Book Publishing
    • Advertise With Us
  • Explore Topics
    • See All Articles
    • Compliance
    • Ethics
    • Risk
    • FCPA
    • Governance
    • Fraud
    • Internal Audit
    • HR Compliance
    • Cybersecurity
    • Data Privacy
    • Financial Services
    • Well-Being at Work
    • Leadership and Career
    • Opinion
  • Vendor News
  • Career Connection
  • Events
    • Calendar
    • Submit an Event
  • Library
    • Whitepapers & Reports
    • eBooks
    • CCI Press & Compliance Bookshelf
  • Podcasts
  • Videos
  • Subscribe
No Result
View All Result
Corporate Compliance Insights
Home GRC Vendor News

Assent Compliance Raises $350M, Attains Unicorn Status

by Corporate Compliance Insights
January 6, 2022
in GRC Vendor News
assent funding

Assent Compliance, a Canadian supply chain data management company, has raised $350 million in funding led by Vista Equity Partners, the company recently announced, helping it attain unicorn status with a valuation of more than $1 billion. The funding is one of the largest in Canadian software history.

The fundraise follows a year of growth for Assent, which has expanded its global workforce by 35 percent and annual recurring revenue by more than 50 percent, the company said in a news release. Assent provides enterprise-wide supply chain sustainability software across product compliance, trade compliance and ESG in the area of complex manufacturing.

“The increasing complexity and scale of regulations and varying requirements globally, combined with a heightened focus on ESG, presents challenges for companies across industries, particularly for manufacturers,” said Andrew Waitman, CEO of Assent. “Assent enables deep insight and rapid transparency to help ensure products are made with environmental and human rights standards necessary to compete — and win — in markets of the future.”

With the new funding, Assent plans expand its team by 40 percent, hiring for key roles in sales, services, engineering, customer service and marketing, in addition to implementing functions to support sustainability/ESG capabilities and expanding in Europe.

“We’ve always been committed to providing a solution that helps manufacturers make smart decisions regarding who they do business with and how their products are sourced. This funding, and our partnership with Vista and Warburg Pincus, allows us to build upon that commitment, scale with purpose and add exceptional talent to our already remarkable team. People want to do work that makes a meaningful impact on the world, and they want to do this purpose-driven work at a company that has an inclusive, exceptional culture. Assent embodies those values,” Waitman said.

Vista’s Foundation Fund, which invests in middle-market companies seeking to scale and accelerate their growth, led the investment. Vista’s Patrick Severson, co-head of the Vista Foundation Fund, and Jake Hodgman, managing director of the fund, will join the Assent board of directors.

“Andrew and his team at Assent are ahead of the curve when it comes to solving enterprise supply chain challenges through technology,” Severson said. “Companies globally are facing increased demand to ensure they source their components and raw materials in an ethical and responsible manner, either from government regulators who oversee them or from customers and partners whose expectations hold them to higher standards. Assent’s solution empowers companies to mitigate their brand and reputation risk and become better corporate citizens. We look forward to partnering with them to deliver this important value proposition to the market.”

“As a clear market leader in product compliance software, Assent is well-positioned to take advantage of the opportunity in supply chain risk management and supply chain ESG management and reporting. Over the past three years of our partnership, Assent has quickly responded to new regulatory requirements for clients, accelerated growth at an impressive scale and built a strong and experienced management team. We look forward to working with Vista on Assent’s next phase of growth,” said Justin Sadrian, managing director, Warburg Pincus.

Warburg Pincus invested in Assent in 2018 and is the company’s largest shareholder. Volition Capital, First Ascent Ventures and StepStone Group remain investors in the company, while Assent’s founders and leadership team retain an ownership stake.

Stikeman Elliott and Kelly Santini served as legal advisors to Assent. E&Y served as financial advisor to Vista and Kirkland & Ellis and McCarthy Tétrault provided legal counsel.


Tags: Supply Chain
Previous Post

How to Account for Emotional Intelligence in Third-Party Risk Management

Next Post

3 Steps to Practicing Self-Compassion

Corporate Compliance Insights

Corporate Compliance Insights

Corporate Compliance Insights

Related Posts

semitrucks

Tracking Down Emissions When They’re Buried in Your Supply Chain

by Sarah Carpenter
February 22, 2023

Manufacturers are pressed from all sides to prove their environmental bona fides, but given the nature of manufacturing-related emissions, that...

thread needle

Regulatory Clarity Is Coming, But Companies Still Need to Thread the Needle on ESG

by Dean Alms
February 15, 2023

A handful of ESG-related regulations are in the works or go into effect in 2023 targeting global supply chains. Despite...

supply chain

Only 1 in 4 Manufacturers Have High Confidence in ESG Readiness of Their Supply Chains, Survey Finds

by Staff and Wire Reports
January 27, 2023

Ever-evolving regulatory requirements, consumer demand and investor expectations are all forcing manufacturers to increase the transparency of their supply chain,...

cci top 10 stories collage

Top 10 Compliance Stories of 2022

by Jennifer L. Gaskin
December 7, 2022

The more things change, the more they stay the same. This time last year, we summarized the top 10 ESG...

Next Post
3 Steps to Practicing Self-Compassion

3 Steps to Practicing Self-Compassion

Compliance Job Interview Q&A

Jump to a Topic

AML Anti-Bribery Anti-Corruption Artificial Intelligence (AI) Automation Banking Board of Directors Board Risk Oversight Business Continuity Planning California Consumer Privacy Act (CCPA) Code of Conduct Communications Management Corporate Culture COVID-19 Cryptocurrency Culture of Ethics Cybercrime Cyber Risk Data Analytics Data Breach Data Governance DOJ Download Due Diligence Enterprise Risk Management (ERM) ESG FCPA Enforcement Actions Financial Crime Financial Crimes Enforcement Network (FinCEN) GDPR HIPAA Know Your Customer (KYC) Machine Learning Monitoring RegTech Reputation Risk Risk Assessment SEC Social Media Risk Supply Chain Technology Third Party Risk Management Tone at the Top Training Whistleblowing
No Result
View All Result

Privacy Policy

Founded in 2010, CCI is the web’s premier global independent news source for compliance, ethics, risk and information security. 

Got a news tip? Get in touch. Want a weekly round-up in your inbox? Sign up for free. No subscription fees, no paywalls. 

Follow Us

Browse Topics:

  • CCI Press
  • Compliance
  • Compliance Podcasts
  • Cybersecurity
  • Data Privacy
  • eBooks Published by CCI
  • Ethics
  • FCPA
  • Featured
  • Financial Services
  • Fraud
  • Governance
  • GRC Vendor News
  • HR Compliance
  • Internal Audit
  • Leadership and Career
  • On Demand Webinars
  • Opinion
  • Resource Library
  • Risk
  • Uncategorized
  • Videos
  • Webinars
  • Well-Being
  • Whitepapers

© 2022 Corporate Compliance Insights

No Result
View All Result
  • Home
  • About
    • About CCI
    • Writing for CCI
    • NEW: CCI Press – Book Publishing
    • Advertise With Us
  • Explore Topics
    • See All Articles
    • Compliance
    • Ethics
    • Risk
    • FCPA
    • Governance
    • Fraud
    • Internal Audit
    • HR Compliance
    • Cybersecurity
    • Data Privacy
    • Financial Services
    • Well-Being at Work
    • Leadership and Career
    • Opinion
  • Vendor News
  • Career Connection
  • Events
    • Calendar
    • Submit an Event
  • Library
    • Whitepapers & Reports
    • eBooks
    • CCI Press & Compliance Bookshelf
  • Podcasts
  • Videos
  • Subscribe

© 2022 Corporate Compliance Insights

Welcome to CCI. This site uses cookies. Please click OK to accept. Privacy Policy
Cookie settingsACCEPT
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT