Convercent is a

Denver, Colorado Denver () is a consolidated city and county, the capital, and most populous city of the U.S. state of Colorado. Its population was 715,522 at the 2020 census, a 19.22% increase since 2010. It is the 19th-most populous city in the Unit ...

-based software company that helps companies design and implement

compliance Compliance can mean: Healthcare * Compliance (medicine), a patient's (or doctor's) adherence to a recommended course of treatment * Compliance (physiology), the tendency of a hollow organ to resist recoil toward its original dimensions (this is a ...

programs. The company's Convercent governance, risk management and compliance (GRC) software integrates the management of corporate compliance risk, cases, disclosures, training and policies.

Software

The company's software is delivered using the

software as a service Software as a service (SaaS ) is a software licensing and delivery model in which software is licensed on a subscription basis and is centrally hosted. SaaS is also known as "on-demand software" and Web-based/Web-hosted software. SaaS is con ...

model.

Funding

In January 2013, Convercent received $10.2 million in funding, led by

Azure Capital Partners Azure Capital Partners, which was established in 2000, is an early stage venture capital firm that invests in the information technology industry using an investment research approach to venture capital investing. Azure Capital Partners was fou ...

and Mantucket Capital and with participation from City National Bank. In October 2013, Convercent raised $10M in Series B funding led by

Sapphire Ventures Sapphire Ventures (stylized as SAPPHIRE) is a venture capital firm with offices in Menlo Park, San Francisco, Austin, and London. The firm is considered one of the world's premier venture capital firms. The firm primarily invests in Series B th ...

] (formerly SAP Ventures), with participation from existing investors

Rho Capital Partners Rho Capital Partners is a venture capital firm that actively invests in companies related to technology, new media, cleaning technology and healthcare. Rho Fund Investors, a division of Rho Capital Partners, is a fund of funds (FoF), or fund th ...

, and Mantucket Capital.

Customers

Convercent has hundreds of customers in more than 130 countries, including

Philip Morris International Philip Morris International Inc. (PMI) is an American Multinational corporation, multinational tobacco company, with products sold in over 180 countries. The most recognized and best selling product of the company is Marlboro. Philip Morris I ...

CH2M Hill CH2M, earlier CH2M Hill, was an engineering company that provided consulting, design, construction, and operations services for corporations and governments. The company was organized in Corvallis, Oregon, and headquartered at 9191 South Jamai ...

and

Under Armour Under Armour, Inc. is an American sports equipment company that manufactures footwear, sports and casual apparel. Under Armour's global headquarters are located in Baltimore, Maryland, with additional offices located in Amsterdam (European hea ...

History

In March 2021, Convercent was acquired by Atlanta-based “trust intelligence” software company, OneTrust.

References

{{reflist, 30em Risk management software Companies based in Denver