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.
The financial terms of the transaction were not disclosed. 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.
StarCompliance serves over 100 clients including leading global banks, investment management firms, insurance firms, pension plans, hedge funds and private equity firms in over 70 countries.
The company is certified ISO 27001 and ISO 9001 and its multi-lingual platform supports all global currencies.
FinSMEs
28/07/2017