Mergers & Acquisitions

Apax Funds Acquire Veriforce

6655 Apax - Veriforce NT

M&A Engagement Overview

Industry Group: Technology
Areas of Focus: Compliance Solutions; Supply Chain Risk Management


Harris Williams advised Apax Partners LLP on the acquisition by certain investment funds managed by Apax (the Apax Funds) of a controlling stake in Veriforce, a portfolio company of Thoma Bravo, a leading software investment firm. Veriforce is a global provider of supply chain risk management (SCRM) solutions.

Veriforce, which has hubs in North America and Europe, is one of the world’s largest providers of integrated supply chain risk management solutions and serves a multitude of end-markets. The company’s solutions focus on verifying the services offered by contractors to hiring clients, allowing organizations to drive safety and compliance throughout their supply chains.

Mission-driven technology providers like Veriforce remain a huge focus for potential investors, especially across highly regulated industries. With the support of the Apax Funds in this next phase of growth, Veriforce will continue to capitalize on the immense tailwinds in the industry, drive further organic growth, and continue to deliver robust solutions to a broader, more globalized customer base.

The Apax Funds have significant experience in the SCRM sector. They will use their expertise to help Veriforce drive organic growth and continue to scale the business internationally and into new verticals.

The increasingly complex supply chain environment, heightened sensitivity around worker-level risk, and intensified regulatory scrutiny have amplified the need and demand for solutions that can ensure businesses can successfully navigate these rapidly changing landscapes. In light of these macroeconomic trends, there is an increasing drive toward market consolidation across the broader compliance technology space as customers demand more integrated, comprehensive, and global solutions that can address their varied needs.

Contact the Harris Williams Technology Group to learn more about this client engagement.

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