Traliant, a provider of online workplace compliance training solutions, has secured a majority investment from funds advised by PSG, a 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 of the deal have not been disclosed.
Traliant has rapidly grown since its founding in 2016 and currently serves over 5,000 organisations 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, customisable 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.
“Organisations 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 industriesu and geographies,” says 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,” says 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,” says Rawson. “Our team is committed to continued collaboration with our customers to deliver solutions tailored to the evolving needs of their organisations 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.