Gryphon Investors Portfolio Company Ncontracts Acquires Quantivate

Ncontracts (or “the Company”), a leading provider of integrated compliance, risk, and vendor management solutions to the financial services industry, announced today that it has acquired Quantivate, a provider of governance, risk, and compliance (“GRC”) solutions for banks and credit unions. Ncontracts is a portfolio company of Gryphon Investors (“Gryphon”), a leading middle-market private equity firm. Terms of the transaction were not disclosed.

“By adding Quantivate’s offerings to its already robust GRC tools, Ncontracts has further expanded its risk management solutions for the financial services industry,” said Jon Cheek, Partner & Co-Head of the Software Group at Gryphon. “With financial institutions facing increased enterprise risk management scrutiny from regulatory agencies, demand for these services is at an all-time high, and we are optimistic that Ncontracts is well-positioned for future growth.”

That growth earned Ncontracts a spot on the Inc. 5000 list of fastest growing private companies in America for the fifth consecutive year in 2023. With the addition of Quantivate, Ncontracts will have a customer base of over 4,000 financial institutions and 350 employees.

“We are thrilled to join forces with the Quantivate team,” said Michael Berman, CEO of Ncontracts. “Both companies share a commitment to helping financial institutions reduce risk, improve compliance, and control costs. By combining our complementary resources and solutions, we are even better positioned to serve our customers and the financial industry.”

“The complex risks facing financial institutions today require sophisticated management tools, and we believe the addition of Quantivate’s products makes Ncontracts’ software-as-a-service (“SaaS”) and knowledge-as-a-service (“KaaS”) GRC offerings some of the most comprehensive solutions available today,” said Sandy McKinnon, Principal in the Software Group at Gryphon. “We look forward to further supporting Michael and the Ncontracts team as they continue to innovate and grow the business.”

About Ncontracts

Ncontracts provides integrated risk, vendor and compliance management software to a rapidly expanding customer base of over 4,000 financial institutions and mortgage and financial technology companies in the United States. The Company’s powerful combination of software and services enables financial institutions to achieve their risk management and compliance goals with an integrated, user-friendly cloud-based solution suite encompassing vendor, organizational, audit, and compliance risk management. Visit www.ncontracts.com or follow the company on LinkedIn and X (f/k/a Twitter) for more information.

About Quantivate

Quantivate has provided web-based governance, risk, and compliance software and service solutions to organizations of all sizes since 2005. Since then, the company has grown to feature a full suite of GRC modules, including business continuity, vendor management, enterprise risk, management, information technology, risk management, internal audit, compliance management, policy & document management, complaint management, and issue management. For more information, please visit www.quantivate.com.

About Gryphon Investors

Gryphon Investors (www.gryphoninvestors.com) is a leading middle-market private equity firm focused on profitably growing and competitively advantaged companies in the Business Services, Consumer, Healthcare, Industrial Growth, and Software sectors. With approximately $9 billion of assets under management, Gryphon prioritizes investments in which it can form strong partnerships with founders, owners, and executives to accelerate the building of leading companies and generate enduring value through its integrated deal and operations business model. Gryphon’s highly-differentiated model integrates its well-proven Operations Resources Group, which is led by full-time, Gryphon senior operating executives with general management, human capital acquisition and development, treasury, finance, and accounting expertises. Gryphon’s three core investment strategies include its Flagship, Heritage, and Junior Capital strategies, each with dedicated funds of capital. The Flagship and Heritage strategies target equity investments of $50 million to $350 million per portfolio company. The Junior Capital strategy targets investments in junior securities of credit facilities, arranged by leading middle-market lenders, in both Gryphon-controlled companies, as well as in other private equity-backed companies operating in Gryphon’s targeted investment sectors.

Contacts

Jennifer Hurson

Lambert
845-507-0571
JHURSON@LAMBERT.COM