Ncontracts announces the acquisition of Venminder via Hg buyout
Summary
"With our teams coming together to help reduce risk, improve compliance and control costs, we will continue to strengthen the financial industry and the communities they serve. Alan Cline, Head of North America at Hg, said: "We see Ncontracts swiftly becoming a gold standard provider of highly automated, AI-enabled, integrated software solutions for the financial industry. Alexander Johnson, a Director at Hg added: "Were excited to partner with Michael Berman as he continues to lead and scale the company for its next stage of growth." Jon Cheek, Partner & Co-Head of the Software Group at Gryphon, said: "We are delighted to have completed a complex transaction that significantly transforms Ncontracts and positions it to continue to thrive. 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.
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