Protecht Group (“Protecht”), an Australian based leader in governance, risk, and compliance (GRC) solutions, announces a US $280M investment from PSG Equity (“PSG”), a leading growth equity firm that specialises in partnering with software and technology-enabled services companies to capitalize on transformational growth.
As regulatory scrutiny grows globally and operations become more complex, organisations are under greater pressure to adapt. This strategic investment will empower Protecht to help deliver AI-driven risk management solutions, positioning Australian tech companies to be among those at the forefront of addressing global enterprises’ needs.
David Bergmark, Co-Founder and CEO of Protecht said, “This investment marks a significant milestone for Protecht. We are embarking on the next phase of our growth alongside the PSG team, whose operational expertise and resources will help us scale globally. Together, we share a vision to supercharge Protecht’s offering with AI, driving innovation and advancing the transformation of risk. With PSG’s support, we are poised to enhance our offerings and provide great value to our clients, helping them navigate the complexities of today’s regulatory landscape.”
Adam Marcus, Managing Director at PSG said, “The global risk management market is projected to reach nearly US $22 billion by 20291, underscoring the immense need for innovative, and scalable solutions. In our view, Protecht, with its strong client retention, stands out as a leader in the GRC software space. We believe Protecht is positioned to capitalise on this growing market, and we are excited to partner with the team to help drive the next phase of their global expansion and innovation.”
“With ~79% of global data under policy regulations2, and ~60% of companies needing but lacking effective third-party risk management,3 Protecht empowers businesses to navigate these challenges and help make smarter, more resilient decisions,” David Tattam, Co-Founder of Protecht concluded.
AGC Partners served as sole financial advisor to Protecht. JWS served as legal advisor to Protecht. Protecht was supported by Series A provider Arrowroot Capital. PSG was advised by legal counsels Baker & McKenzie and Weil, Gotshal & Manges.
