Exiger to Sell Financial Crime Compliance Division to Capgemini

Exiger, a leading software-as-a-service (SaaS) company, has announced its plans to sell its highly regarded Financial Crime Compliance (FCC) division to Capgemini, a prominent business and tech transformation service firm. This move comes as Exiger experiences rapid growth in the realm of third-party risk and supply chain management software.

Established in 2013, Exiger’s FCC division consists of experts based in North America, EMEA, and APAC. Their areas of expertise include advisory roles, analytics, and managed services related to anti-money laundering, Know Your Customer (KYC) procedures, anti-bribery measures, suspicious activity monitoring, sanctions, transaction monitoring, and fraud prevention.

With an impressive client portfolio that includes major banks, capital market leaders, and fintech innovators, Exiger’s client base aligns well with Capgemini’s.

Brandon Daniels, CEO of Exiger, commented on the sale, saying that it marks a significant milestone for the company. Joining forces with Capgemini will allow Exiger to focus on its primary third-party risk and supply chain management tech business. Daniels expressed excitement that their top-tier advisory team will continue to thrive under Capgemini’s leadership.

Anirban Bose, CEO of Capgemini’s Financial Services division, expressed his enthusiasm for the acquisition, stating that the rapidly evolving financial crime compliance landscape requires technologically advanced, data-centric solutions. He emphasized the value of the expertise that Exiger’s FCC Division brings and how it will help address the growing demand from clients in this field.

TD Cowen served as the exclusive financial advisor, while Dechert LLP provided legal advisory services to Exiger for this deal.

Exiger is pioneering new approaches to risk and compliance management for corporations, banks, and government agencies through its innovative software and tech solutions. The company serves over 550 customers globally, including 150 Fortune 500 companies and more than 50 government entities, with the goal of fostering a transparent and secure global environment. Exiger has been recognized with over 40 awards in the fields of AI, RegTech, and supply chain management, and continues to lead in areas such as ESG, cybersecurity, financial crime, third-party risk, and supply chain management.

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