Convercent
AcquiredDenver, US · Delaware corporation · 8 known investors
Convercent provides support services to clients, working with IT specialists and executive teams to solve enterprise problems.
Also known as Convercent by OneTrust · Convercent, Inc.
Founders & leadership
Board
Investors · 8
Also in the syndicate · 3
Reported raises · per SEC filings
Form D private placements$59.5M disclosed across 6 of 8 rounds · 2013–2019
▶$2MraisedOct 2019 · 5 investors · Other TechnologyRule 506(b)
- Jennifer JaffeExecutive Officer
- Lane BrannanExecutive Officer
- Rachel GeraceExecutive Officer
- Philip WinterburnExecutive Officer
- Jonathan KalsteinExecutive Officer
- Kurt DrakeDirector
- Aaron FleishmanDirector
- Bill PortelliDirector
- R. Douglas HigginsDirector
- Paul WeinsteinDirector
- Habib KairouzDirector
- Patrick QuinlanExecutive Officer, Director
- Offering amount
- $3M
- Amount sold
- $2M
- First sale
- Oct 2019
- Incorporated
- Corporation, Delaware
- Federal exemptions
- 06b
▶$25MraisedDec 2017 · 4 investors · Other TechnologyRule 506(b)
- Stacey Alan GiardDirector
- Patrick QuinlanExecutive Officer, Director
- Paul WeinsteinDirector
- R. Douglas HigginsDirector
- Robert DonaldExecutive Officer
- Chuck BoyleExecutive Officer
- Stephen MartinDirector
- Habib KairouzDirector
- Offering amount
- $25M
- Amount sold
- $25M
- First sale
- Dec 2017
- Incorporated
- Corporation, Delaware
- Federal exemptions
- 06b
▶$10MraisedFeb 2017 · 3 investors · Other TechnologyRule 506(b)
- Ali WastiDirector
- Patrick QuinlanExecutive Officer, Director
- Stephen MartinDirector
- Stacey Alan GiardDirector
- Chuck BoyleExecutive Officer
- R. Douglas HigginsDirector
- Brian MankwitzDirector
- Offering amount
- $10M
- Amount sold
- $10M
- First sale
- Jan 2017
- Incorporated
- Corporation, Delaware
- Federal exemptions
- 06b
▶$11MraisedJun 2016 · 6 investors · Other TechnologyRule 506(b)
- Chuck BoyleExecutive Officer
- Ali WastiDirector
- Brian MankwitzDirector
- Stephen MartinDirector
- R. Douglas HigginsDirector
- Stacey Alan GiardDirector
- Patrick QuinlanExecutive Officer, Director
- Offering amount
- $11M
- Amount sold
- $11M
- Finders' fees
- $200K
- Placement agents
- Wedbush Securities Inc.
- First sale
- May 2016
- Incorporated
- Corporation, Delaware
- Federal exemptions
- 06b
▶$10.5MraisedMar 2015 · 6 investors · Other TechnologyRule 506(b)
- Steven FosterDirector
- R. Douglas HigginsDirector
- Karen RichardsonDirector
- Cameron LesterDirector
- D. Alan Dillenberg IVDirector
- Brian MankwitzDirector
- Chuck BoyleExecutive Officer
- Patrick QuinlanExecutive Officer, Director
- Offering amount
- $12.5M
- Amount sold
- $10.5M
- First sale
- Mar 2015
- Incorporated
- Corporation, Delaware
- Federal exemptions
- 06b
▶$1MraisedNov 2014 · 5 investors · Other TechnologyRule 506(b)
- Brian MankwitzDirector
- Chuck BoyleExecutive Officer
- R. Douglas HigginsDirector
- Patrick QuinlanExecutive Officer, Director
- D. Alan Dillenberg IVDirector
- Karen RichardsonDirector
- Steven FosterDirector
- Cameron LesterDirector
- Philip WinterburnExecutive Officer
- Offering amount
- $2.5M
- Amount sold
- $1M
- First sale
- Oct 2014
- Incorporated
- Corporation, Delaware
- Federal exemptions
- 06b
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
Company profile
researched Aug 2026Convercent is an American software company that helps organizations design and implement compliance programs. Its governance, risk management and compliance (GRC) software integrates management of corporate compliance risk, cases, disclosures, training and policies, and is delivered as software as a service from the company's base in Denver, Colorado.
The Convercent Ethics Cloud Platform includes whistleblowing, policy management, disclosure management, analytics and benchmarking, and learning tools. The company also runs the CONVERGE user community and offers implementation and data services alongside the software, supported by a U.S.-based customer support organization and a 24/7 online service desk. The product supports SAML-based single sign-on, including SP- and IDP-initiated flows through Microsoft Entra ID.
Founding story
The company was established in 2012 in Denver, Colorado by Patrick Quinlan and Barclay Friesen.
Business model
Software-as-a-service delivery of ethics and compliance applications to enterprise customers, complemented by implementation and data services and customer support offerings.
Subscription-based, with clients purchasing annual licenses to the compliance software suite and optional custom service agreements for additional support or implementation services.
Traction
At the time of the 2021 acquisition, Convercent had approximately 150 employees and more than 750 enterprise customers using its Ethics Cloud Platform.
Latest developments
OneTrust completed its acquisition of Convercent in April 2021, retaining employees and rebranding the business as Convercent by OneTrust while continuing operations from Denver. In December 2024, EQS Group acquired the ethics and compliance business division from OneTrust, and EQS Group is identified as Convercent's parent.
▸Full profile — market position, technology, go-to-market, geography, history
Market position
Positioned in the ethics and compliance segment of the GRC software market; at the time of the OneTrust acquisition it served more than 750 enterprise customers and was described by the acquirer as an ethics and compliance leader.
Technology
Cloud-delivered GRC platform combining compliance case management, disclosures, policy management, training, analytics and benchmarking, with enterprise identity integration such as SAML single sign-on via Microsoft Entra ID.
Go-to-market
Direct enterprise sales of subscription software, supported by implementation and data services, customer support channels, and the CONVERGE customer community and events.
Mid-size to large enterprises across sectors including finance, healthcare, manufacturing and technology; named customers have included Philip Morris International, CH2M Hill, Under Armour, Airbnb, Kimberly-Clark and Time Warner.
Geography
Headquartered in Denver, Colorado, with customers in more than 130 countries (one account cites more than 150 countries) and a stated client reach across North America, Europe and Asia-Pacific.
History
Founded in 2012 in Denver by Patrick Quinlan and Barclay Friesen. The company raised $10.2 million in January 2013 in a round led by Azure Capital Partners and Mantucket Capital with participation from City National Bank, followed by a $10 million Series B in October 2013 led by Sapphire Ventures (then SAP Ventures) with Azure Capital Partners, Rho Capital Partners and Mantucket Capital participating. CEO Patrick Quinlan stated the company raised $70 million over eight years. OneTrust announced the acquisition in March 2021 and completed it in April 2021, after which the business operated as Convercent by OneTrust from Denver. In December 2024, OneTrust sold the ethics and compliance division to Germany-based EQS Group.
Compiled by commissioned research from 8 cited public sources — announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed — not independently audited.
Competitors · 1
by search overlap
Companies competing with Convercent for the same Google search keywords, organic and paid, via search-intersection analysis.
Timeline · 2
launches, deals, and filingsOneTrust sold the Convercent ethics and compliance business division to EQS Group, a Germany-based provider of corporate compliance and investor relations software.
OneTrust announced completion of its acquisition of ethics and compliance software company Convercent, bringing Convercent's technology, 150 employees, 750 customers and CONVERGE community into OneTrust. Financial terms were not disclosed; the business was rebranded Convercent by OneTrust and continued operating from Denver.
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
Legal entities · 1
corporate structureIn the news
▸Research sources · 8
primary sources listed
- Convercentconvercent.com · web
8 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does Convercent do?
- Denver-based provider of SaaS governance, risk and compliance software, acquired by OneTrust in 2021 and later sold to EQS Group.
- Who founded Convercent?
- Convercent was founded by Patrick Quinlan, Philip Winterburn.
- Who are Convercent's investors?
- Convercent's investors include Golub Growth, Rho Capital Partners, Rho Ventures, Sapphire Ventures, Tola Capital.
- How much funding has Convercent raised?
- Convercent has disclosed $59.5M raised across 6 of its 8 known rounds.
- Where is Convercent headquartered?
- Convercent is headquartered in Denver, US.