PSG has made a majority investment in Traliant, a provider of online workplace compliance training solutions. No financial terms were disclosed. In addition to the funding, PSG’s Tom Reardon, managing director, and Chris Andrews, principal, have joined Traliant’s board of directors.
MANHATTAN BEACH, Calif.— January 26, 2020— Traliant, a leading provider of online workplace compliance training solutions, today announced a majority investment from funds advised by PSG, a leading growth equity firm partnering with lower middle-market software and technology-enabled service companies. PSG’s Tom Reardon, Managing Director, and Chris Andrews, Principal, have joined Traliant’s Board of Directors. Financial terms were not disclosed.
Traliant has rapidly grown since its founding in 2016 and currently serves over 5,000 organizations globally, including small and mid-sized businesses as well as a growing number of large enterprises such as Hilton Worldwide Holdings, Stanford Health Care and PepsiCo. Traliant’s award-winning online compliance training is designed to foster more inclusive workplaces through engaging content that is interactive, customizable and relevant to a modern, mobile workforce. The company was founded by Mike Pallatta, CEO, and Andrew Rawson, Chief Learning Officer, and financially backed by Martinson Ventures.
Prior to founding Traliant, Pallatta was the CEO of WeComply, a provider of ethics and compliance learning that was acquired by Thomson Reuters, and Rawson was the Global Head of Compliance Learning at Thomson Reuters.
“Organizations around the world are looking for ways to be more diverse, inclusive and culturally aware, and the heightened regulatory focus on workplace behavior is driving significant demand for Traliant’s training across industries and geographies,” said Pallatta. “With the partnership of PSG, we’re excited for the growth that lies ahead as we continue to focus on customer satisfaction while growing our installed base.”
“Traliant has grown exponentially, driven by the quality and scalability of its content production process and its top-notch founding team of industry veterans who have transformed the compliance training experience,” said Tom Reardon, Managing Director at PSG. “There are extensive untapped opportunities to address in the global market for online workplace compliance training tools and we’re thrilled to support Traliant’s continued growth.”
“We’re encouraged by the increasing global appetite for resources to foster more diverse, equitable and inclusive workplaces,” said Rawson. “Our team is committed to continued collaboration with our customers to deliver solutions tailored to the evolving needs of their organizations and industries.”
Weil, Gotshal & Manges LLP served as legal advisor to PSG. Morgan, Lewis & Bockius LLP served as legal advisor and Vista Point Advisors, a San Francisco-based boutique investment bank, acted as the exclusive financial advisor to Traliant.
Traliant was founded by industry veterans from some of the world’s most successful compliance training companies to meet the challenge of transforming compliance training from boring to brilliant. The company is ranked No. 13 on Deloitte’s 2020 Technology Fast 500 list of the fastest-growth companies in North America. Traliant delivers award-winning, bite-sized compliance training on an eLearning platform that enables fast and easy customization. Courses are available on numerous workplace topics including Diversity Training and Sexual Harassment Training. For more information, visit: http://www.traliant.com.
PSG is a growth equity firm that partners with lower middle-market software and technology-enabled services companies to help them navigate transformational growth, capitalize on strategic opportunities and build strong teams. Having backed more than 65 companies and facilitated over 275 add-on acquisitions, PSG brings extensive investment experience, deep expertise in software and technology, and a firm commitment to collaborating with management teams. Founded in 2014, PSG operates out of offices in Boston, Kansas City and London. To learn more about PSG, visit www.psgequity.com.