NAVEX Global - PolicyTech
United States
United States
About the transaction
Policy Technologies International, Inc. is the the leading provider of policy and procedure management software. Corum Group represented PolicyTech in its sale to the newly established company, NAVEX Global. Private equity firm, The Riverside Company, played an integral role in bringing together PolicyTech, ELT, Inc., EthicsPoint, Inc., Global Compliance Services, Inc., and PolicyTech, to form NAVEX Global.
PolicyTech offers a lauded software solution to help organizations easily communicate and track changes to policies and procedures across their businesses. The combined companies under NAVEX Global will provide a unified platform to help national and multinational organizations manage adverse risks, enhance their corporate cultures, and safeguard brand equity and shareholder value.
After several months of preparation, we went to market in a process led by Corum and we received exposure to a broad range of potential strategic buyers as well as PE firms. This dialogue gave us a much better sense of the value of our solution in a broader product set and the benefits that we could bring to an acquirer. Not just technology, but domain expertise, our customer base, our team, and our solid recurring revenue.
