Convercent Explained

Convercent
Type:Privately held
Industry:Governance, Risk Management, and Compliance
Location City:Denver, Colorado, US
Key People:Patrick Quinlan, CEO
Website:www.convercent.com

Convercent is a Denver, Colorado-based software company that helps companies design and implement compliance programs.[1] The company's Convercent governance, risk management and compliance (GRC) software integrates the management of corporate compliance risk, cases, disclosures, training and policies.

Software

The company's software is delivered using the software as a service model.[2]

Funding

In January 2013, Convercent received $10.2 million in funding, led by Azure Capital Partners and Mantucket Capital and with participation from City National Bank.[3]

In October 2013, Convercent raised $10M in Series B funding led by Sapphire Ventures] (formerly SAP Ventures),[4] with participation from existing investors Azure Capital Partners, Rho Capital Partners, and Mantucket Capital.[5]

Customers

Convercent has hundreds of customers in more than 130 countries, including Philip Morris International, CH2M Hill and Under Armour.[6]

History

In March 2021, Convercent was acquired by Atlanta-based “trust intelligence” software company, OneTrust.[7]

Notes and References

  1. Web site: Rogers. Bruce. Convercent CEO Breaks the Rules to Grow His Company. Forbes. 5 June 2013.
  2. Web site: The start-ups that will help your company avoid becoming the next Uber . latimes.com . 2017-08-03 . 2017-08-08.
  3. Web site: Convercent Raises $10.2M To Help Companies Promote The Good And Manage The Bad. Tech Crunch. 29 January 2013.
  4. Web site: SAP Ventures Changes Name to Sapphire Ventures, Expands Focus. Wall Street Journal. 16 October 2014.
  5. Web site: Denver’s Convercent Closes $10M Series B Round Led by SAP Ventures. Xconomy. 24 October 2013.
  6. Web site: Convercent Announces Customer Wins. Compliance Week. 14 August 2014.
  7. News: Schilling . Erin . Atlanta unicorn OneTrust quietly raises $210M after buying two companies . 19 April 2022 . Atlanta Business Journal . 6 April 2021.