Ncontracts acquires Venminder via Hg buyout

Ncontracts, a leading provider of integrated compliance, risk, and vendor management solutions to the financial services industry, announced today that it has acquired Venminder, a unified platform for managing third-party risk.

Simultaneously with this transaction, Hg has bought out prior Ncontracts shareholder Gryphon Investors (“Gryphon”), as well as prior Venminder shareholders. Hg is a leading investor in software and services businesses and is backing Founder and CEO, Michael Berman, to lead the combined business, which promises to deliver more value to customers via these expanded capabilities.

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Ncontracts

Ncontracts® is a leading provider of vendor and contract management services for the financial institution industry. Ncontracts combines turnkey vendor management services with a comprehensive and fully-customizable vendor and contract management application. Insightful summaries of vendor contracts and alert notifications assist clients in proactively managing vendor relationships. And with Ncontracts’ robust compliance services, clients can easily monitor and assess vendor risk and respond quickly to regulator inquires and audit demands of examiners. Together, these services and features give clients the ability to reduce expenses, enhance profitability, and improve internal efficiencies. For more information, visit www.ncontracts.com or call (888) 370-5552.

Ncontracts acquires Venminder via Hg buyout

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