Exiger secures investment from Carlyle and Insight Partners for AI expansion

Exiger, the market-leading SaaS company renowned for revolutionizing supply chain management, has entered into a definitive agreement for a majority investment from global investment firm Carlyle (NASDAQ: CG) and global software investor Insight Partners. This strategic partnership is poised to significantly enhance Exiger’s award-winning portfolio of AI solutions utilized in critical applications across government and commercial markets.

Advancing AI-Powered Risk Management Solutions

The partnership with Carlyle and Insight Partners will empower Exiger to continue its investment in its 1Exiger platform. This platform is acclaimed for empowering customers with real-time, AI-driven insights, enabling confident and informed decisions. “We are thrilled to partner with Carlyle and Insight Partners,” said Brandon Daniels, CEO of Exiger.

Exiger’s Mission and Global Impact

Founded by Michael Cherkasky and Michael Beber, Exiger aims to make the world a safer, more transparent place for organizations. Its mission-critical enterprise software offers comprehensive visibility into risks across all third parties in the supply chain. Serving over 500 customers globally, including 150 of the Fortune 500, Exiger also supports more than 50 government agencies in securing critical supply chains and infrastructure.

Comments from Carlyle and Insight Partners

Carlyle’s Managing Directors, Steve Bailey and Dayne Baird, highlighted the joint effort and expertise in AI and government services that Carlyle brings to the partnership. Ryan Hinkle, Managing Director at Insight Partners, expressed strong conviction in Exiger’s platform and its differentiated value to customers.

Advisory Role and Transaction Details

Advisors for the deal included Alvarez & Marsal, Boston Consulting Group, Nextfed, PricewaterhouseCoopers, Union Square Advisors LLC, Latham & Watkins LLP, Deutsche Bank, Willkie Farr & Gallagher LLP, Jefferies LLC, Sidley Austin LLP, Ernst & Young, and McKinsey & Company. The transaction is subject to customary closing conditions and regulatory approvals.