Gatekeeper Accepts First External Capital to Take Advantage of Growing Demand for Unified Vendor, Contract and Third-Party Risk Management Platform Capabilities
Gatekeeper, the leading Vendor & Contract Lifecycle Management (VCLM) platform, announced a strategic growth investment from Vista Equity Partners (“Vista”), a leading global investment firm focused exclusively on enterprise software, data and technology-enabled businesses. The investment, the Company’s first external capital since inception, will accelerate platform innovation and go-to-market functions to expand its global footprint and capitalise on the growing demand for unified Vendor Management, Contract Management and Third-Party Risk Management solutions.
“Our vision is rooted in the convergence of vendor, contract and third-party risk management,” said Patrick O’Connor, CEO and Founder of Gatekeeper. “Companies are increasingly looking to manage these disciplines in one place, and we’re strongly positioned to capitalise on the opportunity with our long-term focus on unified platform capabilities. With Vista, we have a partner that shares our vision and provides the resources and expertise to define the future of VCLM.”
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“Companies are increasingly looking to manage vendor, contract and third-party risk in one place, and we’re strongly positioned to capitalise on the opportunity. With Vista, we have a partner that shares our vision and provides the resources and expertise to define the future of VCLM.”
As regulatory-conscious organisations scale and diversify vendor portfolios, procurement teams face increased risk in managing the complexities of contractual relationships. Gatekeeper streamlines this process by consolidating historically disparate vendor, contract and third-party risk management functions. With Gatekeeper, customers are provided visibility across all vendor and contractual relationships and the ability to automate their associated processes. Additionally, organisations can comply with relevant regulations through a range of monitoring tools and bespoke automation. Gatekeeper currently supports more than 300 customers to consolidate costs, allow procurement teams to focus on high-value work and achieve continual audit-readiness.
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The investment in Gatekeeper was made by Vista’s Endeavor Fund, which provides growth investments and strategic support to market-leading, high-growth enterprise software companies that have achieved at least $10 million in recurring revenue. Endeavor partnerships focus on growth, market strategy, talent and customer success – building enduring businesses designed to scale. Founders and management teams benefit from the expertise and support of Vista and its global ecosystem to deliver unparalleled value to their customers, unlock the potential of their employees and accelerate market leadership.
“Gatekeeper is a unique, founder-led business that’s established a leadership position in a large and growing addressable market,” said René Yang Stewart, Co-Head of Vista’s Endeavor Fund and Senior Managing Director. “This is a testament to the Company’s vision and ability to execute. We look forward to partnering with Patrick and the entire Gatekeeper team as they accelerate investments to support increased customer demand and gain further market traction.”
