Neohapsis, a Cambridge, Massachusetts-based provider of governance, risk, and compliance (GRC) products and services, closed a new $4.5m financing round.
The investment was led by New Venture Partners, with participation from existing backers Trident Capital and Paladin Capital Group.
In conjunction with the financing, Daniel J. Deeney, partner and a founder of New Venture Partners (NVP), has joined Neohapsis’ Board of Directors.
In addition, the company announced that it has acquired the assets of Texert, Inc., The acquisition enables Neohapsis to significantly extend the risk management capability of its Governance, Risk, and Compliance platform, NeoGRC™.
Neohapsis’ products and services are designed to address the risk management, regulatory, and information protection needs of global enterprises and government agencies.