StarCompliance Receives Investment from Luminate Capital Partners
Summary
StarCompliance, a Rockville, MD, NYC and Houston-based provider of enterprise compliance and regulatory software solutions for the financial services industry, received an investment from Luminate Capital Partners, a San Francisco-based private equity firm.Hollie Haynes, Founder and Managing Partner at Luminate Capital Partners, Scott Kingsfield, Mark Haidet and Dave Ulrich will join StarCompliance’s Board of Directors.The company intends to use the funds to expand globally to further strengthen its market position and drive continued product innovation.Founded in 2000 and led by Marc Epstein, CEO, StarCompliance provides a software platform for financial services institutions to manage, prevent, detect, report and resolve employee conflicts of interest by providing a view of employee activity across the enterprise.The platform monitors critical regulated employee activities such as personal trading, gifts and entertainment, political contributions and outside business activities to ensure ongoing compliance and mitigate the operational and reputational risk of non-compliance.
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