Castanea Partners and Weston Presidio today announced their investment in Integrity Interactive Corporation. Integrity Interactive is the premier global provider of corporate ethics and compliance communications solutions in the United States and Europe. The company offers a comprehensive suite of best practice solutions to enable companies to meet the increased standards for corporate ethics programs.
Integrity Interactive’s management team will retain a significant ownership and interest and continue managing the company.
“Weston Presidio and Castanea Partners have demonstrated a unique understanding of our business and will be powerful allies as we continue to build a great global brand. The partnership will allow us to further expand and broaden our services to the hundreds of clients who have chosen Integrity Interactive as their ethics and compliance partner,” said Carl Nelson, CEO of Integrity Interactive.
“Brian Knez, Managing Partner of Castanea Partners, said, “Integrity Interactive presents a great opportunity that fits well with our investment and operating experience in information services and training businesses. The company is a leader and pioneering provider of high quality content and services for ethics and compliance programs, and serves the growing demand by corporate customers for solutions that support risk management strategies. Integrity Interactive has an experienced and committed management team, and we look forward to working closely with them and our partners at Weston Presidio to support the company’s ongoing success.”
Adds John Berg, Partner of Weston Presidio, “Carl Nelson and his team have built the preeminent provider of outsourced corporate ethics and compliance services. This investment will allow Integrity Interactive to capitalize on future growth opportunities and continue their tradition of innovation in compliance services. We are exited to work with the management team and Castanea Partners to help Integrity Interactive continue their success and further solidify their position at the forefront of the outsourced corporate ethics and compliance services industry.”
About Weston Presidio
Weston Presidio (www.westonpresidio.com), founded in 1991, provides growth capital to companies across a wide range of industries and stages of development throughout the United States and Canada. With locations in San Francisco, Boston and Menlo Park, the firm is able to provide broad national coverage. Our experienced team has helped identify, build and maximize value in over 300 leading growth companies. With over $3.3 billion under management across all of our funds and an extensive network of industry contacts, we provide our portfolio companies with strategic guidance and financial support. We seek to partner with exceptional management teams capable of building long-term value.
About Integrity Interactive Corporation
Integrity Interactive (www.integrity-interactive.com) is the leading provider of web-based corporate ethics and compliance services to the Global 2000. The company offers a wide range of training and communication services designed to deliver a best practice solution to today’s rapidly evolving ethics and compliance challenges. With a client list that includes over 275 of the world’s great corporations, Integrity is a trusted partner of General Counsels, compliance officers and boards of directors around the world. Integrity is best known for its signature training course library that covers over 300 ethics and compliance topics in such diverse areas as anti-money laundering, antitrust, export laws, and pharmaceutical sales. Additional service offerings include an employee whistleblower system, code of conduct certification, and conflict of interest questionnaires. The company’s corporate offices are located in Waltham, Massachusetts, with additional offices in San Francisco, Chicago, London, Paris and Brussels.
Castanea is a private equity firm that works in partnership with founders and management teams of innovative passion brands to grow their businesses through a combination of capital investment and operating expertise. We are focused on select consumer verticals including beauty, food and beverage, multi-unit services, and enthusiast lifestyle. We typically invest between $15 to $150 million of equity in minority or majority transactions. Our team of talented operating executives offers critical expertise in key verticals and functional areas, and provides our partner companies with strategic and tactical support. Castanea has more than $1 billion in assets under management and is currently investing from a $735 million fourth fund. For more information about Castanea Partners read our story.