Ncontracts, a leader in integrated compliance, risk, and vendor management solutions, has acquired Venminder, a platform specializing in third-party risk management. This acquisition, along with an investment from Hg, strengthens Ncontracts’ position as a SaaS and KaaS leader in the enterprise risk management space. The combined entity is poised to deliver enhanced capabilities and greater value to customers, particularly in the financial services industry, which faces increasing risks and regulatory scrutiny.
The merger between Ncontracts and Venminder will provide expanded expertise in third-party risk management and create a more comprehensive risk and compliance solution. Ncontracts’ CEO, Michael Berman, expressed excitement over the union, which aims to reduce risk, improve compliance, and control costs in the financial industry. Venminder’s CEO, James Hyde, highlighted the strategic value of the merger, extending their capabilities beyond third-party risk to deliver more innovative solutions.
Hg’s investment will provide resources to support the combined company’s rapid growth and strengthen its ability to deliver AI-enabled, integrated software solutions. Ncontracts, already named to the Inc. 5000 list for six consecutive years, now has a customer base exceeding 5,000. The acquisition is part of Ncontracts’ ongoing strategy to expand both organically and through strategic partnerships.
With this acquisition, Ncontracts is positioned to become a “gold standard” provider of governance, risk, and compliance software solutions for the financial services sector. The transaction also marks a major step forward for Venminder as it enters a broader market, delivering innovative tools to help manage third-party risks and compliance challenges.
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