September 29, 2021
Long Ridge Equity Partners is pleased to announce that ProcessUnity, a leading provider of governance, risk and compliance (GRC) software, has completed a majority recapitalization with Marlin Equity. The transaction allows Long Ridge to partially exit our Fund II investment while retaining a significant minority stake in the company.
Founded in 2003, ProcessUnity is a GRC software provider, with a focus on Vendor Risk Management (VRM). The Company helps enterprises manage information security and other risks posed by third-party service providers. ProcessUnity’s platform automates and streamlines the process of vendor assessment and ongoing vendor monitoring, in addition to providing a holistic view of all vendors across global organizations, including visibility into vendor policies, processes, performance, and associated risks.
This transaction concludes an active partnership with ProcessUnity, with Long Ridge working closely with CEO Sean Cronin to augment the company’s senior management team, further professionalize finance and operations infrastructure, arrange debt financings, and evaluate numerous bolt-on acquisition opportunities. During Long Ridge’s three years of ownership, ProcessUnity
- Demonstrated significant and consistent organic revenue growth;
- Earned recognition from Gartner as the top vendor risk management solution in the market;
- Added marquee clients, including leading financial services organizations and blue-chip technology companies; and
- Launched a successful cybersecurity program management product for new and existing customers.
Read the full press release here