StarCompliance (Star), a provider of employee compliance and regulatory technology solutions to the financial services industry, has secured a majority-control, growth equity investment from Marlin Equity Partners (Marlin).
The transaction enables Star to further expand its leadership position within the global compliance market by accelerating product innovation and supporting the company’s ongoing international expansion. Luminate Capital Partners (Luminate), the company’s majority shareholder since 2017, will retain a minority stake.
With a client base of over 500,000 users across 83 countries, Star is a market-leading, highly configurable compliance solution trusted by the world’s largest regulated firms, including asset managers, investment banks, hedge funds, private equity firms, insurance companies, professional services firms, and public corporations. The company has a rich history of innovation with its mission-critical Employee Conflicts of Interest platform, complemented by its newest platform, Compliance Control Room – two comprehensive solutions that assist global firms in efficiently and effectively managing critical aspects of the complex compliance ecosystem.
“We are incredibly proud of our tremendous growth and world-class list of clients with whom we collaborate to automate and streamline compliance oversight,” says Jennifer Sun, CEO at Star. “This investment accelerates our vision of serving as the preeminent leader in the employee compliance and conflicts of interest market and better positions us to help our clients navigate evolving regulation and intelligently manage risk across the employee lifecycle – from onboarding to supporting fast-moving day-to-day operations. We look forward to partnering with Marlin and Luminate for our next phase of growth.”
“Regulatory requirements continue to become increasingly complex with escalating penalties for non-compliance. Star is uniquely addressing this global challenge with its industry-leading technology platform,” says Michael Anderson, Managing Director at Marlin. “We are excited to partner with Star and continue to expand the company’s market leadership by building upon its best-in-class product suite through further product investments and strategic acquisitions.”
“StarCompliance has undergone a tremendous transformation since our initial investment, accelerating its growth, bolstering its management team, launching new products, and expanding its global reach. We are thrilled to partner with Marlin and continue to support the company,” says Hollie Haynes, Managing Partner at Luminate.
Dave Ulrich, Partner at Luminate adds: “Since our initial investment, Star has seen accelerated demand for its software solutions as firms increasingly struggle to maintain compliance and mitigate risk through manual processes. We expect this acceleration to continue and believe Star is uniquely positioned to address key customer requirements.”
