Exiger Acquisition, Valuation, Funding & Investors

Exiger was acquired by Carlyle Group for $1.2B in December 2023.

Exiger acquisition price

$1.2B

Acquired by Carlyle Group · Dec 2023

Cumulative funding Exiger raised

$80M

across 1 funding round

Key investors in Exiger

  • Carrick Capital Partners

Exiger Overview

About Exiger

Exiger is a New York-headquartered provider of AI-driven risk management software for supply chain compliance and third-party screening. Its DDIQ platform screens against 1,000 global watchlists for clients like Lockheed Martin and Citigroup. The firm serves 1,500 organizations across defense, finance, and government, with offices in Washington DC and London. Exiger acquired Venminder in 2023 to expand deposit vendor services.


Founded

2013

HQ

United StatesNew York City, NY

Website

exiger.com

Status

Acquired

Customer focus

B2B

Revenue model

Subscription

Valuation

$308M (Jul 2018)

Exiger Acquisition

Exiger was acquired by Carlyle Group for $1.2B on 19 December 2023.

Before the acquisition Exiger had raised $80M across 1 funding round.

Exiger is a leading SaaS company revolutionizing supply chain management for corporations, government agencies, and banks through AI-powered solutions that provide end-to-end visibility into risks, including ESG, cyber, financial crime, third-party, and supply chain risks. The company employs over 700 people across 10 global offices, serves more than 500 customers including 150 Fortune 500 firms, and supports over 50 government agencies protecting critical supply chains, defense systems, and infrastructure. Its 1Exiger platform delivers real-time insights to manage supplier and third-party ecosystems, reduce costs, and enhance resilience. In December 2023, funds managed by The Carlyle Group (NASDAQ: CG), a global investment firm with $382 billion in assets under management as of September 30, 2023, and Insight Partners, a global software investor with over $80 billion in regulatory assets under management as of June 30, 2023, completed a majority investment in Exiger in partnership with its management, founders, and existing investor Carrick Capital Partners, who all reinvested equity. Financial terms were not disclosed, and the transaction was subject to customary regulatory approvals, with completion noted by February 29, 2024. Carlyle was advised by Union Square Advisors, and Exiger by Sidley Austin. The strategic rationale centers on accelerating Exiger's product innovation and customer engagement by leveraging Carlyle's expertise in AI, high-growth businesses, and sectors like aerospace, government services, financial services, industrial, healthcare, and consumer, alongside Insight's conviction in Exiger's leadership in third-party and supply chain risk management. The partnership enables continued investment in Exiger's award-winning AI portfolio for critical government, defense, and commercial applications.

Exiger acquisition details
AcquirerDateTypePrice
19 Dec 2023PE buyout$1.2B

Exiger Valuation

Exiger is currently valued at $308M, based on its undisclosed-stage round in July 2018.

The $80M round was led by Carrick Capital Partners.

Exiger valuation by funding round

Exiger valuation by funding round
DateStageValuation
Jul 2018Undisclosed stage$308M

Exiger Funding History

Exiger has raised a total of $80M across 1 funding round.

Exiger funding rounds

Exiger funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Jul 2018Undisclosed stageCarrick Capital Partners (lead)$80M$308MExiger, a New York-based financial crime compliance and risk management solutions provider, announced an $80 million Series A minority growth capital investment from Carrick Capital Partners in July 2018. The company provides enterprise software solutions for compliance and regulatory risk management, having deployed its technology to over twenty-six federal agencies and two hundred corporations by the time of the investment. The funding was intended to accelerate Exiger's growth by building out and acquiring differentiated technology and technology-enabled solutions. According to CEO Brandon Daniels, the company aimed for profitability by 2022 and planned to triple its size over the subsequent five years by achieving year-on-year ARR percentage growth targets. The partnership with Carrick Capital Partners was positioned to provide operational guidance and market insights to support the company's scaling ambitions, including expansion into the Fortune 2000 and small-to-medium business enterprise markets.

Who has invested in Exiger?

1 investor has backed Exiger across its funding rounds, including Carrick Capital Partners.

Lead investors include Carrick Capital Partners.


Exiger Investors

Investors in Exiger by funding rounds participated
InvestorHQRoundsRoleFirst check

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Acquisitions by Exiger

Exiger has acquired 10 companies to date.

Last acquisition by Exiger was on August 7th 2024. Exiger acquired XSB for undisclosed valuation.


Latest Acquisitions by Exiger

XSB
aDolus Technology
Versed AI
Ion Channel
Description
XSB is a New York-headquartered software provider founded in 1978 delivering procurement intelligence for government sectors. Its XSB Web platform automates bid analysis and compliance for U.S. Department of Defense contracts worth $500 billion annually, processing 10 million documents.
aDolus Technology is a Santa Clara-based provider of software bill of materials for industrial control systems and IoT devices. The cloud platform inventories firmware and software across vendors like Siemens and Schneider Electric, enabling vulnerability detection for 32 million components. Serving energy utilities and hospitals in North America, aDolus complies with CISA directives and supports NERC CIP standards.
Versed AI is a London-headquartered supply chain analytics firm extracting buyer-supplier networks from contracts and reports using NLP and machine learning. The platform generates interactive maps revealing tier-1 through tier-3 relationships, enabling risk monitoring for disruptions, ESG compliance, and forced labor in industries like apparel and electronics.
Ion Channel is a Boston-based platform for software supply-chain risk management targeting high-security enterprises like federal agencies. It scans open-source components in DevOps pipelines to detect vulnerabilities, license issues, and malicious code before deployment. Developed initially for U.S. government compliance with standards such as NIST 800-53, the tool integrates with CI/CD systems from GitLab and Jenkins to automate SBOM generation and policy enforcement across containerized environments.
HQ CountryUnited StatesCanadaUnited KingdomUnited States
HQ City
New York City, NY
Victoria
London
Portland, OR
Deal Date7 Aug 202430 Jul 20248 Jul 202416 May 2023
Valuationundisclosedundisclosedundisclosedundisclosed
EV/Revenue
EV/EBITDA

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Investments by Exiger

Exiger has invested in 1 company to date.

Latest investment by Exiger was on June 13th 2016. Exiger invested in RANK Software in their $2M Seed round.


Latest Investments by Exiger

RANK Software
Description
RANK Software is a Toronto-headquartered cybersecurity platform leveraging big data analytics for threat hunting and detection. Founded in 2014, it processes petabytes of security data to deliver user and entity behavior analytics, advanced persistent threat identification, and automated incident response. The solution integrates with SIEM systems and endpoints for enterprises facing sophisticated cyber risks.
HQ CountryCanada
HQ City
Toronto
Deal Date13 Jun 2016
RoundSeed
Raised$2M
InvestorsExport Development Canada; Trellis Capital; Generation Ventures; MaRS Investment Accelerator Fund
Valuationundisclosed
EV/Revenue
EV/EBITDA

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Exiger Competitors

Exiger competitors include listed companies like Verisk Analytics, Clarivate and SMS, and private ones like Aera Technology, EcoVadis and Pigment.

Public and private companies comparable to Exiger
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Verisk AnalyticsUnited StatesUnited StatesPublicly listed$3.1B$1.7B$23B8.5x
Aera TechnologyUnited StatesSan Francisco, CAPrivate--$330M-
ClarivateUnited KingdomUnited KingdomPublicly listed$2.5B$829M$1.2B2.2x
SMSJapanJapanPublicly listed$416M($63M)$1.4B3.2x
EcoVadisFranceParisPrivate$115M-$1B8.7x
PigmentFranceParisPrivate$100M-$1B10.0x

Exiger Public Comps

Exiger is no longer listed, but its public comps include Clarivate, MLP, Everforth, Charles River Associates, MBB, SMS, OceanPact, Lincoln International, ICF International and Ipsos.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Clarivate$2.5B$829M2.1x2.2x6.3x5.3x
MLP$1.2B$136M3.9x3.7x34.9x29.6x
Everforth$4B$344M0.7x0.7x7.7x6.7x
Charles River Associates$752M$111M1.8x1.7x11.9x13.4x
MBB$1.3B$239M0.5x0.5x3.0x2.7x
SMS$416M($63M)3.3x3.2x(21.9x)19.9x
OceanPact$415M$140M3.1x2.0x9.1x5.5x
Lincoln International$854M$53M1.1x-16.9x-

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Common questions about Exiger

When was Exiger founded?Exiger was founded in 2013.
Where is Exiger headquartered?Exiger is headquartered in New York City, NY, United States.
Is Exiger publicly listed?No, Exiger was acquired by Carlyle Group in December 2023.
Who acquired Exiger?Exiger was acquired by Carlyle Group in December 2023.
How much was Exiger acquired for?Exiger was acquired for $1.2B in December 2023.
What is Exiger's valuation?Exiger was last valued at $308M in its undisclosed-stage round in July 2018.
How much funding has Exiger raised?Exiger has raised $80M across 1 funding round.
What was Exiger's last funding round?Exiger's last funding round was a $80M undisclosed-stage round in July 2018, led by Carrick Capital Partners.
Who are Exiger's investors?Exiger's investors include Carrick Capital Partners.
Which companies are comparable to Exiger?Companies comparable to Exiger include Verisk Analytics, Aera Technology, Clarivate, SMS, EcoVadis and Pigment.
How many companies has Exiger acquired?Exiger has acquired 10 companies, including XSB, aDolus Technology, Versed AI, Ion Channel and Supply Dynamics.
What was the largest acquisition by Exiger?The $22M acquisition of OutsideIQ in April 2017 is the largest acquisition Exiger has made to date.
How many companies has Exiger invested in?Exiger has invested in 1 company, including RANK Software.
What was Exiger's last investment?In June 2016, Exiger invested in RANK Software's $2M seed round alongside Export Development Canada, Trellis Capital, Generation Ventures and 1 other investor.

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