Exiger – a market-leading SaaS company revolutionizing how corporations, government agencies, and banks manage supply chains – recently announced that it has entered into a definitive agreement to receive a majority investment from funds managed by Carlyle and Insight Partners. This partnership will enable Exiger to continue investing in its award-winning product portfolio of AI solutions used in critical applications across government and commercial markets. The company’s management, founders, and existing investor, Carrick Capital Partners, will reinvest equity in this transaction.
Launched by Michael Cherkasky and Michael Beber, Exiger offers mission-critical enterprise software that delivers visibility and insights into risk across all third parties and down to the “nth tier” of a supply chain, encompassing suppliers, parts, and materials. And the company serves over 500 customers globally, including 150 of the Fortune 500.
Exiger also supports over 50 government agencies in their mission to protect the most critical supply chains, defense systems, and infrastructure. And the 1Exiger AI platform addresses the entire risk landscape, including foreign ownership, control or influence, environmental, social & governance, cyber, financial health, reputational, national security, regulatory, product, and operational risks.
Alvarez & Marsal, Boston Consulting Group, Nextfed, and PricewaterhouseCoopers served as advisors to Carlyle and Insight Partners. And Union Square Advisors LLC and Latham & Watkins LLP also served as advisors to Carlyle, while Deutsche Bank and Willkie Farr & Gallagher LLP also served as advisors to Insight. Plus, Jefferies LLC served as the exclusive financial advisor and Sidley Austin LLP served as legal advisor to Exiger. Ernst & Young and McKinsey & Company also served as advisors to Exiger. The transaction is subject to customary closing conditions and regulatory approvals.
KEY QUOTES:
“Exiger’s AI technology transforms the way organizations identify and manage risk, reduce cost and increase resilience across their supplier and third-party ecosystems. We are thrilled to partner with Carlyle and Insight Partners as we continue to invest in our 1Exiger platform which empowers our customers to make confident, deliberate decisions informed by real-time insights.”
- Brandon Daniels, Exiger CEO
“This partnership is a joint effort between Carlyle’s Technology and Government Services teams, a perfect example of our strategy to invest in areas where we believe the firm has deep expertise and can add meaningful value. Leveraging Carlyle’s differentiated expertise in AI and its long history in backing high-growth businesses that sell into government and the commercial sectors in which Carlyle focuses including aerospace, government services, financial services, industrial, healthcare, and consumer, we are excited to partner with Exiger’s world-class management team to work to accelerate product innovation and customer engagement.”
- Steve Bailey, a Managing Director on Carlyle’s Technology team, and Dayne Baird, a Managing Director on Carlyle’s Government Services team
“Exiger has emerged as a leader in third-party and supply chain risk management, and we have strong conviction in their platform, which delivers differentiated value to customers. Insight is excited to partner with the Exiger management team and Carlyle to drive the next phase of growth at Exiger as they scale up.”
- Ryan Hinkle, a Managing Director at Insight Partners
