INFLEXION-BACKED ALCUMUS ACQUIRES MAJORITY OF ECOMPLIANCE - PE HUB
Toronto-based workplace safety software-as-a-service provider eCompliance has received a $40 million majority investment from Alcumus Holdings Ltd, a portfolio company of Inflexion, a U.K. mid-market private equity firm. The seller was High Park Capital Partners, a Canadian search fund. High Park acquired eCompliance in 2012. Adrian Bartha, CEO of eCompliance and co-founder of High Park, will continue to lead the business, which will operate as the North American arm of Alcumus. Based in Cardiff, United Kingdom, Alcumus is a provider of technology-enabled business assurance and compliance risk management solutions. Inflexion acquired the company in 2015 from Sovereign Capital.