Compliance Trends
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Compliance SaaS & Services
Fresh off our 6th engagement in the space, we are pleased to share with you our latest report on the Compliance SaaS & Services market.
M&A activity in the testing, inspection, compliance and certification (TICC) remains very robust and 2024 was a banner year, driven by consistent Private Equity and Strategic deal activity and increasing deal sizes on the sponsor side. While overall financing activity has consistently declined in recent years, this is driven by the steady reversion in Venture Capital activity since 2021 peak levels. Harbor Ridge Capital recently closed a transaction in the space, selling Core Business Solutions, and ISO-focused solutions provider to LRQA, backed by Goldman Sachs.