Exiger to sell financial crime compliance division to Capgemini
Exiger, a SaaS leader transforming third-party risk and supply chain management, has announced a significant agreement with Capgemini, a top-tier business and technology transformation service provider. The landmark deal involves the sale of Exiger’s **Financial Crime Compliance (FCC) Division** and is set to close in the upcoming months. This move comes as Exiger sees accelerated growth and increasing market penetration in third-party risk and supply chain management software.
Headquartered since 2013, Exiger’s FCC division has been a hub of specialists in anti-money laundering, Know Your Customer (KYC), anti-bribery & corruption, and more. With offices in North America, EMEA, and APAC, the division perfectly complements Capgemini’s existing services. Major players in banking, capital markets, and fintechs populate Exiger’s impressive client roster, mirroring Capgemini’s client base.
Brandon Daniels, CEO of Exiger, regards this sale as a “monumental milestone” for the company. “Capgemini’s acquisition empowers us to concentrate on our core business of third-party risk and supply chain management technology. As we consistently invest in cutting-edge AI solutions, this sale fortifies our market leadership and trajectory of accelerated growth,” Daniels stated.
Anirban Bose, CEO of Capgemini’s Financial Services, emphasized the importance of technology-driven financial crime compliance solutions. “Financial crime compliance is fast-evolving, and institutions are keen on embracing data-driven, tech-enabled solutions. The deep domain expertise of Exiger’s FCC Division enhances our capacity to meet rising client demands for these services,” said Bose.
The transaction was advised exclusively by TD Cowen, with Dechert LLP serving as Exiger’s legal counsel.
The sale underscores Exiger’s focused commitment to pioneering solutions in third-party risk and supply chain management, while also positioning Capgemini as a formidable player in the financial crime compliance space.