Inverness Graham Investments, a private investment firm that targets tech-enabled manufacturing, service and software companies, has acquired Syntrio and Lighthouse Services (Lighthouse) to create a new governance, risk and compliance (GRC) solutions company.
Based in Chicago, Syntrio is a provider of proprietary online compliance, ethics and workplace training courses. Lighthouse is a provider of reporting hotline services managed through a proprietary case management software solution. Together, the combined business will provide an integrated GRC solution to address the ethics, compliance, workplace reporting and case management needs of US companies.
“The combination of Syntrio and Lighthouse represents an opportunity to build a rapidly growing provider of Governance, Risk & Compliance solutions,” says Michael Morrissey, Managing Principal of Inverness Graham. “Employees today want to work for great companies with inclusive work environments. Human resources and compliance within enterprises of all sizes can help to deliver that with our integrated GRC solutions. Inverness Graham intends to support the management team to drive continued organic growth while pursuing acquisitions to deliver more proprietary content and software solutions to the market.”
Bette Tomaszewicz, CEO of the combined companies, says: “Together, Syntrio and Lighthouse now have a greater ability to offer the marketplace a combination of exceptional ethics and compliance training as well as hotline reporting services to help our customers manage the complex regulatory and ethical challenges in the workplace.”
Andy Bronstein, founder of Lighthouse Services, says: “We are excited to join forces with Syntrio. The merged companies will provide our customers with even more value together through our integrated solution and a world-class user experience.”
