PSG, a growth equity firm partnering with lower middle-market software and technology-enabled service companies, has made a majority investment in Traliant, a provider of online workplace compliance training programs.
PSG’s Tom Reardon, managing director, and Chris Andrews, principal, have joined Traliant’s board of directors.
Traliant serves over 5,000 organizations globally, from small businesses to large enterprises, such as Hilton Worldwide Holdings, Stanford Health Care and PepsiCo.
The company was founded by Mike Pallatta, CEO, and Andrew Rawson, chief learning officer, and financially backed by Martinson Ventures. Prior to founding Traliant, Pallatta was the CEO of WeComply, a provider of ethics and compliance learning that was acquired by Thomson Reuters, and Rawson was the global head of compliance learning at Thomson Reuters.
“Organizations around the world are looking for ways to be more diverse, inclusive and culturally aware, and the heightened regulatory focus on workplace behavior is driving significant demand for Traliant’s training across industries and geographies,” said Pallatta.
Weil, Gotshal & Manges LLP served as legal advisor to PSG. Morgan, Lewis & Bockius LLP served as legal advisor and Vista Point Advisors acted as the exclusive financial advisor to Traliant.