Carlyle and Insight Partners Invest in Supply Chain Firm Exiger

Funds managed by global investment firm Carlyle and global software investor Insight Partners have entered into a definitive agreement to provide majority investment in Exiger, a software-as-a-service (SaaS) firm focused on helping corporations, government agencies and banks manage supply chains.

With this investment, Exiger will continue to build its product portfolio of artificial intelligence (AI) solutions, the companies said in a Tuesday (Dec. 19) press release.

In addition, the company’s management, founders and existing investor Carrick Capital Partners will reinvest equity, according to the release.

“We are thrilled to partner with Carlyle and Insight Partners as we continue to invest in our 1Exiger platform which empowers our customers to make confident, deliberate decisions informed by real-time insights,” Exiger CEO Brandon Daniels said in the release.

Exiger’s AI technology delivers visibility and insights into risk across the supply chain, the release said. By doing so, it helps organizations identify and manage risk, reduce cost and increase resilience in their ecosystems.

The company serves more than 50 government agencies, 150 of the companies in the Fortune 500 and more than 500 customers in total, the release said.

Its 1Exiger platform addresses risks around foreign ownership, control or influence; environmental, social and governance; cyber; financial health; reputational; national security; regulatory; product; and operational.

For Carlyle, this partnership is part of the firm’s strategy of investing in areas in which it has expertise and can add value, Steve Bailey, a managing director on Carlyle’s technology team, and Dayne Baird, a managing director on the firm’s government services team, said in the release.

In this case, Carlyle has expertise in AI and a history of backing high-growth firms that sell into aerospace, government services, financial services, industrial, healthcare and consumer sectors, they added.

Ryan Hinkle, a managing director at Insight Partners, added that the partners will help drive Exiger’s next phase of growth.

“Exiger has emerged as a leader in third-party and supply chain risk management, and we have strong conviction in their platform, which delivers differentiated value to customers,” Hinkle said.

PYMNTS Intelligence has found that companies are investing in technology to improve their supply chain and logistics management functions.

Many of these firms are focusing on improving the functions for supplier data, such as real-time inventory information and supply chain analytics, according to “Digital Payments: Modernizing Procurement Processes,” a PYMNTS and Corcentric collaboration.