Rsam said Tuesday it completed a $32 million strategic growth investment from JMI Equity. Secaucus, New Jersey-based Rsam provides Governance, Risk, and Compliance solutions. Signal Hill acted as financial advisor to Rsam.
Secaucus, N.J. – March 24, 2015 – Rsam, the market leader and fastest time-to-value provider of Governance, Risk and Compliance (GRC) solutions, today announced the completion of a $32 million strategic growth investment from JMI Equity, a growth equity firm focused on investing in leading software and services companies. Founded in 2002, Rsam is a market leader in the Governance, Risk, and Compliance solutions. The Rsam Platform delivers unparalleled flexibility for companies to leverage out-of-the-box solutions and buildyour-own (BYO) applications for a wide range of compliance, risk, and security functions. Premier organizations and government regulators rely on Rsam to obtain superior intelligence, control, and visibility of their enterprise-wide GRC and security posture. “Rsam has demonstrated a strong history of product innovation combined with operational excellence of running a profitable company for the last 12 years,” said Vivek Shivananda, CEO of Rsam. “We have been patiently monitoring the GRC software market to enter the optimal growth phase before bringing on a significant outside investment. This past year, we have been experiencing huge market adoption and rapid customer growth. We are very excited to be partnering with JMI to help accelerate our innovation and market leadership position further.” “Rsam has the classic strengths of a bootstrapped organization. By staying close to their customers and employees, Rsam has built a best-in-class product and developed a culture of innovation and service. ” said Jit Sinha, General Partner of JMI. “We believe Rsam is well-positioned to become the leader in the governance, risk, and compliance market and are excited to contribute to the next phase of the company’s success.” Signal Hill acted as exclusive financial advisor to Rsam in connection with this transaction. DLA Piper served as Rsam’s legal counsel. About JMI Equity JMI Equity is a growth equity firm focused on investing in leading software and services companies. Founded in 1992, JMI has invested in over 115 businesses in its target markets and has raised more than $3.1 billion of committed capital. Combining domain expertise and active partnership, JMI works with management teams to build market-leading businesses and create long-term shareholder value. Realized investments from JMI funds include Autotask, Axeda, BigMachines, Eloqua, Gemcom, Halogen and ServiceNow. For more information on JMI, visit http://www.jmi.com. About Rsam Rsam is a market leader and fastest time to value provider of Governance, Risk and Compliance (GRC) solutions. The Rsam platform delivers unparalleled flexibility for companies to leverage out-of-the-box solutions and “Build Your Own” (BYO) applications for a wide range of GRC functional areas including Audit, Business Continuity Management, Compliance, Enterprise Risk, IT Risk, Incident Management, Operational Risk, Policy Management, Security Risk Intelligence, Vendor Risk Management and more. Learn more about Rsam at http://www.rsam.com/