Regulation technology (regtech) and compliance services provider Exiger has announced it has received an $80 million investment from private equity firm Carrick Capital Partners, who will become a minority shareholder in the company. The investment is the first outside infusion of capital for Exiger, and it comes at a time when the regtech market is increasingly being eyed for investment.
Michael Beber, Exiger’s CEO and president, noted that the investment will be put towards building out the company’s product offerings, which currently include three core platforms: Insight 3PM, Risk360, and DDIQ. The DDIQ platform was acquired as part of Exiger’s purchase of OutsideIQ in April 2017.
