Case IQ, a US-based provider of investigative case management software and whistleblower hotline solutions, has acquired compliance software firm Lextegrity for an undisclosed sum.
Lextegrity provides compliance analytics and automation software that prevents and detects risks related to fraud, corruption, sanctions, kickbacks, and conflicts of interest in real time.
The acquisition enables Case IQ to offer an advanced compliance and risk management solution.
The solution combines compliance monitoring, third-party risk oversight, investigative case management, compliance approvals, disclosure workflows, and whistleblower solutions.
It addresses a major need in the market where disparate compliance solutions hinder compliance teams’ ability to proactively prevent, detect, and mitigate compliance incidents.
Case IQ CEO David McNeill said: “Today’s compliance management solutions are often too reactive, passive, and siloed to meet today’s regulatory requirements.
“Pairing Lextegrity’s real-time compliance monitoring solution with Case IQ’s existing whistleblower and incident management solutions is a game changer.
“Lextegrity’s solution set was built with an insider’s understanding of the customers’ needs given the founders’ backgrounds and is world-class compared to competitive options.
“After years of working in partnership to meet our customers’ needs, the pairing of our companies made great sense.”
Established in 1999, Case IQ has more than 1,100 customers on its platform, serving enterprise, mid-market, and SMB-sized organisations worldwide.
The company has a central office located in Ottawa, Ontario, with a remote-first workforce across the US, Canada, Europe, and APAC.
Lextegrity provides enterprise data analytics and automation technology to prevent and detect risks related to fraud, corruption, sanctions, kickbacks, and conflicts of interest.
Its software unifies compliance systems and manages risk across the spending lifecycle.
Lextegrity is Case IQ’s second transaction in the last 15 months, following the acquisition of Whistleblower Security in October 2023.
Marks Baughan Securities served as the exclusive financial advisor to Lextegrity on the transaction.
Lextegrity founder and CEO Parth Chanda said: “We built Lextegrity with a keen understanding that prevention and immediate detection of risks are the hallmarks of a superior compliance program.
“Now, customers have an end-to-end toolset across their lifecycle of risk – from robust approval and diligence workflows to prevent issues, compliance monitoring to proactively and immediately detect issues before they become systemic, and whistleblower hotline and incident reporting & management as the backstop for employee reporting of incidents.”
