LONDON, October 24, 2013 /PRNewswire/ --
CMO, an Australian founded market leader in enterprise health, safety, environment (HSE) and governance, risk, compliance (GRC) software solutions, today announced that it has completed a management buyout backed by UK private equity investor, Inflexion.
CMOs collaboration with Inflexion coincides with the successful completion of the first stage in their long term business plan to develop the world's most configurable, versatile and user friendly HSE / GRC software solution. Both Gartner Research and GRC 20/20 agree CMO is a world leading product, with over 200,000 users globally in a range of industries. In stage two of their long term plans, CMO is now looking forward to collaborating with Inflexion who can bring capital for investment in areas such as customer support and sales & marketing, and also enable CMO to access industry leading skills and expertise to enhance its management team and board.
The CMO executive team all remain in place to continue the impressive growth that the company has seen in recent years. As part of the deal, Inflexion has introduced Loek Van den Boog as Chairman. Loek is a highly experienced software industry veteran, who was head of Oracle EMEA, where he led rapid international expansion, and has held board and management positions with multiple global technology companies, supporting them through periods of high growth and rapid change.
The company will continue to provide the highest level of service to its customers and partners, and will now be able to deliver local support with local knowledge, improve its CRM sophistication and expend more time on proactive development of its product road map.
Co-Founder James Cotton, commented on the deal: "We are delighted that Inflexion has recognised the value of what we have established and share our ambition for the business. The partnership with Inflexion provides CMO with access to a network of international professionals to enhance our team and enables us to serve our customers more effectively in every major region of the world."
Inflexion is a leading mid-market investor with US$1.2bn funds under management and a portfolio of companies which source, sell and serve customers in over 95 countries.
About CMO COMPLIANCE
CMO COMPLIANCE is a recognized market leader in enterprise governance, risk, compliance and health, safety, environment & quality software solutions for global corporations and regulators. CMO COMPLIANCE solutions are used by leading corporations and regulators such as Barrick Gold, Xstrata, ISS, Orica, Beach Energy, Owens Corning, AXA Bank, McCormick and Philip Morris in a range of industries including Financial Services, Food, Energy and Mining, Oil & Gas to manage their GRC processes, regulatory and industry-mandated compliance and corporate governance initiatives. Further information is available at http://www.cmo-compliance.com
SOURCE CMO COMPLIANCE