Diligent, a provider of enterprise governance management software solutions, has landed an undisclosed investment from Clearlake Capital group.
The company, which was acquired by Insight Venture Partners in 2016, said it has received a strategic minority investment form Clearlake.
With governance policies and activities top-of-mind for most companies today, Diligent claims that most Governance, Risk and Compliance (GRC) offerings in the market are overly focused on risk and compliance, not governance.
Diligent claims this gap leaves leaders and board members in ‘a vulnerable position’ that can lead to reputational damage and negative business impacts. In response, the company is looking to close this gap by providing an enterprise governance management solution.
Headquartered in New York, Diligent’s platform facilitates secure collaboration, communication and meeting management for boards, committees and leadership teams. It provides directors with a single application to securely and reliably access, edit and share materials while satisfying security and compliance requirements.
The company’s expanded offerings for boards and committees include Diligent Messenger, an application that combines enterprise-level security with the ease and familiarity of popular text and email solutions, Diligent Entity Management, a solution that provides a single source of truth for all corporate entity related information, and Diligent Evaluations, a simplified way to capture board assessments and analyze board performance.
“Diligent has established a leading, differentiated position in the fast-growing EGM software space with a pure-play, multi-tenant, secure SaaS platform that meets the unique needs of board directors, senior management and administrators,” said Behdad Eghbali, co-founder and managing partner of Clearlake.
Diligent Boards empowers efficient, easy and effective leadership. Among board portals for banks, it’s a solution informed by working with over 145,000 executive users from around the world, including leaders of top financial institutions.
Copyright © 2018 RegTech Analyst
Copyright © 2018 RegTech Analyst
