Exiger Announces Capgemini Will Acquire its FCC Advisory Division as Exiger Continues to Accelerate and Focus the Scaling of its Third Party Risk and Supply Chain Management Technology Business

6.png

WASHINGTON, Sept. 8, 2023 /PRNewswire/ -- Exiger, the SaaS company revolutionizing the way corporations, government agencies and banks manage supply chains, today announced that it has signed an agreement with Capgemini, a leading business and technology transformation services company, for the sale of its market-leading Financial Crime Compliance (FCC) division. The transaction is due to close in the coming months.

This comes at a time when Exiger is experiencing accelerated growth and penetration in the third-party risk and supply chain management software market.

Founded in 2013, the FCC division of Exiger comprises a team of experts with offices in North America, EMEA and APAC. This team specializes in advisory, analytics and managed services relating to anti-money laundering, Know Your Customer (KYC), anti-bribery & corruption, suspicious activity monitoring, sanctions, transaction monitoring, and fraud. Exiger's client roster is highly complementary to Capgemini's and includes major players in banking, capital markets and fintechs.

"This sale marks an enormous milestone in the evolution and growth of Exiger," said Exiger CEO Brandon Daniels. "Capgemini's acquisition allows us to focus on our core third-party risk and supply chain management technology business, reinforcing our strength, market leadership and accelerated growth. As we continue to invest in cutting edge AI solutions for our customers across the public and private sectors, we're thrilled that our market-leading advisory team will be able to continue the next leg of their growth journey with such a distinct leader in their space."

"Financial crime compliance requirements are evolving at pace so financial institutions are looking to adopt data driven, technology enabled solutions to support their end-to-end FCC transformation," comments Anirban Bose, CEO of Capgemini's Financial Services and Group Executive Board Member. "The deep domain expertise of the FCC Division of Exiger will help us to further address growing client demand for these services. I am delighted to welcome them to our team."

TD Cowen served as exclusive financial advisor and Dechert LLP served as legal counsel to Exiger on the transaction.

About Exiger
Exiger is revolutionizing the way corporations, government agencies and banks navigate risk and compliance in their third-parties, supply chains and customers through its software and tech-enabled solutions. Exiger's mission is to make the world a safer and more transparent place to succeed. Emboldening its 550 customers across the globe, including 150 in the Fortune 500 and over 50 government agencies, with award-winning AI technology, Exiger leads the way in ESG, cyber, financial crime, third-party and supply chain management. Its work has been recognized by 40+ AI, RegTech and Supply Chain partner awards. Learn more at Exiger.com and follow Exiger on LinkedIn.

Contact:
Kody Gurfein
Chief Marketing Officer for Exiger
1.914.393.0398
kgurfein@exiger.com

About Carrick Capital Partners
Who We Are
A firm of enterprise software, SaaS, and technology enabled services investors and operating executives with substantial experience founding, scaling, and optimizing market leading businesses.
Our Approach
We work with management to identify and improve critical areas of their business - focusing on the priorities that align with our experiences and that will deliver the highest strategic impact in both the short-term and long-run.
Why We Are Different
We have a concentrated number of companies in our portfolio so that we can build substantial relationships with each management team and ensure our firm's commitment to each company's goals.
Latest News
Screenshot 2023-09-28 195502.png
Can you explain exactly what LegalSifter does and what problem it solves?
September 28, 2023
Screenshot 2023-09-18 064231.png
Strengthens Market Position and Expands Reach
September 25, 2023
Screenshot 2023-09-18 064231.png
Becomes Full-Lifecycle Provider of AI-Enabled Contract Software and Services
September 18, 2023