Luminate Capital Partners, an enterprise software focused private equity firm, has made an investment in Compliance & Risks, a provider of market access and product compliance SaaS solutions. Luminate will partner with CEO Joe Skulski and the C&R team to seek to drive expansion across its technology, services, client and global employee base.

“This announcement is a huge milestone for the organisation,” said Skulski. “Our new investors are placing a significant vote of confidence in our vision, our people and our technology.  This investment, combined with Luminate’s track record of scaling SaaS companies will help us extend our market leadership, building upon our category defining technology and deep international product regulatory knowledge and market access expertise. We have a very exciting future ahead of us.”

“Today’s enterprises are faced with a vast, rapidly evolving and complex range of regulatory requirements and the operational challenge of maintaining global product compliance continues to increase,” noted Dave Ulrich, partner at Luminate. “Compliance & Risks has the most comprehensive and effective solution addressing this key problem.”

Luminate managing partner, Hollie Haynes said, “We are thrilled to partner with the entire Compliance & Risks team in their next phase of growth and believe they are well positioned to address a large global market opportunity.”

Focus Capital Partners provided M&A advisory services to the shareholders of Compliance & Risks and legal advice was provided by RDJ and Nixon Peabody. McCann Fitzgerald and Kirkland & Ellis provided legal advice to Luminate.