Convercent

Convercent

Company type	Privately held
Industry	Governance, Risk Management, and Compliance
Founded	2012;13 years ago (2012)
Founders	Patrick Quinlan and Barclay Friesen
Headquarters	Denver, Colorado , United States
Key people	Patrick Quinlan, CEO
Number of employees	150 (2021)
Parent	EQS Group
Website	www.convercent.com

Convercent is an American software company that helps companies design and implement compliance programs. ^[1]

The company's governance, risk management and compliance (GRC) software integrates the management of corporate compliance risk, cases, disclosures, training and policies. The company is based in Denver, Colorado and delivers its software using the software as a service model. ^[2]

History

The company was founded in 2012 by Patrick Quinlan and Barclay Friesen. ^{[3] [4]}

In January 2013, Convercent received $10.2 million in funding, led by Azure Capital Partners and Mantucket Capital and with participation from City National Bank. ^[5]

In October 2013, Convercent raised $10M in Series B funding led by Sapphire Ventures (formerly SAP Ventures), ^[6] with participation from existing investors Azure Capital Partners, Rho Capital Partners, and Mantucket Capital. ^[7]

In March 2021, Convercent was acquired by Atlanta-based “trust intelligence” software company OneTrust. ^[8]

In December 2024 Convercent was sold by OneTrust to EQS Group, a Germany-based provider of corporate compliance and investor relations software. ^{[9] [10]}

Customers

Convercent has customers in more than 130 countries, including Philip Morris International, CH2M Hill and Under Armour. ^[11]

References

1. Rogers, Bruce. "Convercent CEO Breaks the Rules to Grow His Company". Forbes. Retrieved 5 June 2013.
2. "The start-ups that will help your company avoid becoming the next Uber". latimes.com. 2017-08-03. Retrieved 2017-08-08.
3. "About Convercent". CB Insight. Retrieved June 1, 2025.
4. "Convercent CEO Breaks The Rules To Grow His Company". Forbes. June 5, 2013.
5. "Convercent Raises $10.2M To Help Companies Promote The Good And Manage The Bad". Tech Crunch. Retrieved 29 January 2013.
6. "SAP Ventures Changes Name to Sapphire Ventures, Expands Focus". Wall Street Journal. Retrieved 16 October 2014.
7. "Denver's Convercent Closes $10M Series B Round Led by SAP Ventures". Xconomy. Retrieved 24 October 2013.
8. Schilling, Erin (6 April 2021). "Atlanta unicorn OneTrust quietly raises $210M after buying two companies". Atlanta Business Journal. Retrieved 19 April 2022.
9. "EQS Group acquires the Ethics and Compliance business division from OneTrust". EQS News. 10 December 2024. Retrieved 11 December 2024.
10. "OneTrust Completes Acquisition of Ethics and Compliance Leader Convercent". One Trust. April 15, 2021.
11. "Convercent Announces Customer Wins". Compliance Week. Retrieved 14 August 2014.