Governance, Risk and Compliance (GRC)

The WCAS Perspective on Governance, Risk and Compliance

Enterprises are increasing their reliance on tech solutions to handle a broad spectrum of risks, implement sustainability and stay compliant with expanding regulations. The GRC technology market, valued at an estimated $30 billion, anticipates an annual growth of 1015% due to the marked uptake of software in this critical enterprise sector. Factors supporting this adoption include:

Over 2000
Number of federal regulations since 1978.1
62%
of breaches resulting from attacks due to third-party vendors. 2
$247B
yearly impact of compliance crime across financial institutions.3

The growing emphasis on thorough risk mitigation is fostering a surge in cloud-based software solutions, both vertically and horizontally. This is propelled by emerging use cases and a move from outdated, manual systems ill-suited for present demands. Moreover, environmental, social and governance (ESG) and sustainability metrics are now integral to risk management, introducing fresh technological demands enterprise-wide. WCAS invests in tools that transition enterprises from mere compliance to active GRC management, catering to the diverse needs of stakeholders, from shareholders to the community.

GRC Trends We're Excited To Invest Behind

1
An increasingly complex regulatory landscape, encompassing data privacy, cyber threats, geopolitical challenges, traceability requirements, quality demands and ESG/EHS standards
2
Constantly evolving third-party ecosystems that need to be monitored effectively
3
Rising use of data and anomaly detection to enable predictive maintenance and offensive risk mitigation

We look forward to partnering with leading enterprises and entrepreneurs who share our vision of managing enterprise risk through technology.

 

Recent Relevant Experience

See the Sector Team

Christopher J. Hooper

Jennifer Ding

Abdirizak Abdi

Joe Weber

Joe Weber

Nicole Garrett

Signe Ahl

Christopher J. Hooper

General Partner | Technology

Christopher Hooper is a General Partner and a member of WCAS’s Management Committee, which partners with high-quality management teams to grow industry-leading technology platforms. Chris originally joined WCAS in 2005 as an Associate in the firm’s New York City office and rejoined in 2017 as a General Partner to establish the firm’s San Francisco office.

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Jennifer Ding

General Partner | Technology

Jennifer Ding, a General Partner at WCAS, has always been passionate about growing enterprise software businesses and partnering with entrepreneurs to pursue their visions. She joined WCAS in 2020 and helps spearhead the firm’s efforts in EdTech, GRC, and HCM technology sectors.

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Abdirizak Abdi

Vice President | Technology

Abdirizak Abdi is a Vice President on the Technology team. Abdi joined WCAS as an Associate in 2019 and was part of the investment teams of Absorb and LINQ.

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Joe Weber

Associate | Technology

Joe Weber is an Associate in the Technology Group, having joined WCAS in 2022. He focuses on investments across subsectors, including financial technology and payments.

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Nicole Garrett

Associate | Technology

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Signe Ahl

Associate | Technology

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