DiliTrust announces major funding of US$8 million
Montreal, Canada, November 8, 2017. DiliTrust (formerly EQUITY), a leading software solution provider in corporate governance, today announced a major US$8 million funding from Calcium Capital.
Calcium Capital becomes the lead minority shareholder of DiliTrust alongside the current management team, which retains control of the capital.
This capital increase highlights DiliTrust’s remarkable growth and transformation in the last few years, including a fourfold increase in revenues since 2012, the broadening of its product range, its transition to SaaS and the development of its international customer base. The rebranding of the company and its products, announced in October 2017, is a key step in this transformation.
The funding will enable DiliTrust to accelerate its international development by opening new markets for its products, potentially through strategic acquisitions, to maintain its technological leadership and to continue enhancing its range of products and services.
DiliTrust offers a full range of corporate governance solutions and services in the legal, financial and internal control areas. Benefits for customers include enhanced performance and accuracy in governance management, and increased security on strategic data exchange.
Today, DiliTrust has offices in Montreal, Toronto, Paris, Dubai and Milan and has over 500 customers in over 40 countries. Major groups in North America and the Middle East and over half of the France’s CAC 40 companies use its solutions on a daily basis.
“This funding supports our development strategy and growth momentum. We aim to be the leader in governance solutions,” said Yves Garagnon, CEO of DiliTrust. “Global corporations and large enterprises have a growing need for applications which help them better meet their governance and regulatory compliance obligations. Our solutions provide them with robust security management of sensitive data.”
Cédric Duchamp, Managing Partner at Calcium Capital, added: “DiliTrust perfectly matches our investment strategy: a company that is well-established in its field, offering market-driven products and with multiple growth opportunities internationally. DiliTrust’s highly experienced and significantly invested management team quickly convinced us of the company’s vast growth potential in an environment in which the regulatory constraints, the demand for data protection and the professionalization of governance tools will only increase in the future.”