New investment by Vista Equity Partners and continued partnership with Warburg Pincus reinforces Assent’s market leadership in supply chain sustainability software and will support the company’s rapid expansion into broader supply chain ESG solutions
Assent Compliance Inc., a leader in supply chain sustainability management, announced today that it has raised $350 million USD in funding led by Vista Equity Partners, the leading global investment firm focused exclusively on enterprise software, data and technology-enabled businesses. This is one of the largest raises in Canadian software company history and establishes Assent in unicorn status, valued at more than $1 billion.
The funding will enable Assent to advance its distinct industry-leading SaaS platform, particularly supporting sustainability/ESG capabilities, grow its global footprint through expansion plans in Europe, and expand its team by 40%, hiring for key roles in sales, services, engineering, customer success and marketing.
Stikeman Elliott and Kelly Santini served as legal advisors to Assent. E&Y served as financial advisor to Vista and Kirkland & Ellis and McCarthy Tétrault provided legal counsel.
Read more/Source: PR News Wire
