Search company, investor...
Assent company logo

Assent

assent.com

Founded Year

2010

Stage

Private Equity | Alive

Total Raised

$501.64M

Valuation

$0000 

Last Raised

$350M | 1 yr ago

About Assent

Assent is a supply chain sustainability management solution. With more than a decade of experience, Assent is specifically focused on complex manufacturers, a subset of manufacturers in the industrial equipment, electronics, medical device, aerospace/defense and automotive verticals whose products have a long design cycle and shelf life. More importantly, with thousands of parts making up a single product — and equally as many supplier partners across their global supply chain — complex manufacturers have extreme supply chain sustainability requirements. The Assent solution blends the SaaS technology platform with managed services and its Regulatory Team of subject matter experts who keep customers ahead of compliance and regulatory changes across the globe.

Headquarters Location

525 Coventry Road

Ottawa, Ontario, K1K 2C5,

Canada

866-391-5954

Missing: Assent's Product Demo & Case Studies

Promote your product offering to tech buyers.

Reach 1000s of buyers who use CB Insights to identify vendors, demo products, and make purchasing decisions.

Missing: Assent's Product & Differentiators

Don’t let your products get skipped. Buyers use our vendor rankings to shortlist companies and drive requests for proposals (RFPs).

Research containing Assent

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Assent in 1 CB Insights research brief, most recently on Jan 12, 2022.

Expert Collections containing Assent

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Assent is included in 4 Expert Collections, including Supply Chain & Logistics Tech.

S

Supply Chain & Logistics Tech

3,220 items

Companies offering technology-driven solutions that serve the supply chain & logistics space (e.g. shipping, inventory mgmt, last mile, trucking).

U

Unicorns- Billion Dollar Startups

1,201 items

R

Regtech

1,341 items

Technology that addresses regulatory challenges and facilitates the delivery of compliance requirements in FIs. Regulatory technology helps FIs and regulators address challenges ranging from traditional compliance and risk management to data reporting and transmission.

A

Auto & Mobility Tech

418 items

We define trucking tech broadly as companies developing technology-enabled services and products focused on the freight trucking industry, such as trucking-oriented marketplace platforms, fleet management solutions, and onboard monitoring and tracking systems.

Assent Patents

Assent has filed 1 patent.

The 3 most popular patent topics include:

  • Clinical research
  • Data management
  • Life sciences industry
patents chart

Application Date

Grant Date

Title

Related Topics

Status

4/27/2022

Supply chain management, Life sciences industry, Clinical research, Natural language processing, Data management

Application

Application Date

4/27/2022

Grant Date

Title

Related Topics

Supply chain management, Life sciences industry, Clinical research, Natural language processing, Data management

Status

Application

Latest Assent News

Total Economic Impact Study Reveals 304% ROI for Complex Manufacturers Using the Assent Supply Chain Sustainability Platform

Nov 1, 2022

Independent study highlights how manufacturers are leveraging product compliance and sustainability tools to improve supplier engagement and reduce non-compliance costs. Download Total Economic Impact Study Reveals 304% ROI for Complex Manufacturers Using the Assent Supply Chain Sustainability Platform (Graphic: Business Wire) Total Economic Impact Study Reveals 304% ROI for Complex Manufacturers Using the Assent Supply Chain Sustainability Platform (Graphic: Business Wire) November 01, 2022 08:56 AM Eastern Daylight Time OTTAWA, Ontario--( BUSINESS WIRE )-- Assent Inc. (Assent), a leader in supply chain sustainability management, announces the findings of its commissioned Total Economic Impact™ (TEI) study. Conducted by Forrester Consulting, the study found that Assent’s Supply Chain Sustainability Platform provides customers with a return on investment (ROI) of 304% over three years with a payback period of less than six months. The study also indicates that product compliance and sustainability management solutions can enhance and protect brand reputation, ease administrative burdens, and mitigate compliance risks and supply chain disruptions. One customer, a corporate regulatory compliance manager at an electronics manufacturer, told Forrester, “If we had to do the level of due diligence that Assent does on new suppliers, it would easily be costing us hundreds of thousands of dollars.” The independent TEI study is based on customer interviews, data collection, and financial analysis of customers using Assent’s platform. The ROI calculation was driven by reduced costs of supplier engagement and onboarding, and reduced risk of non-compliance costs, as well as greater supply chain sustainability management efficiencies and more strategic program management: Reduced costs of supplier engagement by up to 100% or $1.1M in savings potential over three years. Due to commonly overworked teams and complex global networks of suppliers, manufacturers find that supplier engagement data is frequently unreliable or incomplete. Engaging with suppliers for product compliance typically takes 36 hours and $1,500 per supplier, according to Forrester. With Assent, teams can gain near-complete outsourcing of supplier engagement covering more topics and in local languages, which leads to up to 100% in cost reduction and stronger, more reliable data. The study found that by leveraging Assent, two full-time employees only need to spend 10% of their time managing their entire program with Assent, as opposed to eight full-time equivalent employees needed just to do supplier engagement. Reduced costs of supplier onboarding by 50% or $725,000 in savings potential over three years. Assent’s platform helps the teams responsible for onboarding new suppliers — a process that Forrester found can take up to 3–5 months and $15,000 per supplier — work faster and more comprehensively while lowering supplier exits due to compliance issues, which helps mitigate supply chain disruptions. 10–20% reduced risk of non-compliance, which includes fines, loss of business, and reputational damage. Due to complex global supply chains and regulatory environments, Forrester found 2–4% of non-compliance risk per supplier prior to implementing Assent, which could potentially amount to $350,000–$900,000 annually. Assent’s solution lowers this risk, helping improve brand position and easing the burden on staff regarding regulatory audits. The head of regulatory compliance for another Assent customer told Forrester in an interview that “Assent is probably saving us millions of dollars in fines alone, ignoring any other legal implications of compliance violations.” After interviewing supply chain and compliance professionals at four Assent customers, Forrester developed a composite organization to demonstrate an aggregated financial analysis of ROI. For the analysis, Forrester assumed the composite organization was a complex manufacturer operating globally with 350 suppliers. The composite focused on REACH, RoHS, and conflict minerals regulatory requirements and plans to add an additional 50 suppliers each year as it expands its product lines and geographic reach. Based on ROI calculations by Forrester, it is clear that customers with a growing supplier base have the potential to realize even greater cost and time savings through Assent’s Supply Chain Sustainability Platform. “We believe this study confirms that Assent’s Supply Chain Sustainability Platform strengthens customers’ supplier engagement programs and improves their compliance with ever-changing regulatory obligations,” said Andrew Waitman , CEO and co-founder of Assent. “The number of regulations and pressures manufacturers face continues to compound. They simply cannot manage this with only internal resources; the cost of non-compliance is too dire. Manufacturers who do not invest in technology to support sustainability and product compliance efforts risk losing market access, being subject to fines and lost business, and becoming a publicized ‘worst case’ scenario example.” For more information about Assent’s platform and this study, please visit here . About Assent Inc. Assent is the supply chain sustainability management solution dedicated to helping complex manufacturers bring responsible products to the world. Because supply chains were never built with sustainability in mind, Assent goes deep: past the suppliers of parts, down to the parts of parts and beyond, to map the entire complex manufacturing genome. Shaped by regulatory experts, customers, and suppliers, Assent is the foundation for cross-enterprise sustainability. Headquartered in Ottawa, Canada, Assent employs more than 1,000 team members dedicated to customers across the globe. Assent reveals what’s hidden, validates what’s good, and helps eliminate unwanted surprises so the world's forward-thinking complex manufacturing companies can become more sustainable businesses. Learn more about deep sustainability — from product compliance to ESG — at assent.com or join us at Assent Careers . Contacts

Assent Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
CBI Logo

Assent Rank

Assent Frequently Asked Questions (FAQ)

  • When was Assent founded?

    Assent was founded in 2010.

  • Where is Assent's headquarters?

    Assent's headquarters is located at 525 Coventry Road, Ottawa.

  • What is Assent's latest funding round?

    Assent's latest funding round is Private Equity.

  • How much did Assent raise?

    Assent raised a total of $501.64M.

  • Who are the investors of Assent?

    Investors of Assent include Vista Equity Partners, Warburg Pincus, National Research Council Canada, Volition Capital, First Ascent Ventures and 5 more.

  • Who are Assent's competitors?

    Competitors of Assent include Panjiva and 2 more.

Compare Assent to Competitors

ImportGenius Logo
ImportGenius

Import Genius provides timely, detailed shipment data for containers that enter the United States. The company's user base is diverse: importers, exporters, entrepreneurs, freight forwarders, bankers, private investigators, foreign factories, and more.

ESGi Logo
ESGi

ESGi is a technology solution, designed to help the investment industry source environmental, social, and governance (ESG) data to support investment decision making.

RapidRatings Logo
RapidRatings

RapidRatings develops the FHR (Financial Health Rating) service, an assessment of public and private company financial health. The company's methodology, scalable solutions, and support enables businesses to effectively manage and price risks associated with the financial health of third-parties, including customers, trading counterparties, suppliers, vendors, and investments.

LogComex Logo
LogComex

LogComex is a platform for international logistics that brings together integration, automation, and monitoring of imports, exports, and customs processes.

Greenstone Logo
Greenstone

Greenstone offers non-financial reporting software and services covering Environment, Health & Safety, CSR Frameworks and Supply Chain. We work in partnership with major commercial and public sector organizations to enable them to measure, manage and report the non-financial aspects of their business.

Panjiva Logo
Panjiva

Panjiva aims to make it easier for companies of all sizes to do business across borders by helping them identify which overseas suppliers they can trust.

Discover the right solution for your team

The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution.

Request a demo

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.