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INTERNET | Internet Software & Services / Compliance
oversight.com

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Founded Year

2003

Stage

Acq - Fin | Alive

Total Raised

$35.76M

About Oversight Systems

Oversight Systems is a web-based software solution that automates spending program compliance by comprehensively analyzing expense report, purchase card, and accounts payable transactions to identify fraud, non-compliant purchases, as well as inefficient and wasteful spending. Oversight enables companies to monitor business transactions for risk and to identify risky employee and vendor spending patterns.

Oversight Systems Headquarter Location

1165 Northchase Parkway SE Suite 400

Atlanta, Georgia, 30067,

United States

770-984-4650

Latest Oversight Systems News

Luminate Capital Partners Closes $1 Billion Fund III

Jun 2, 2021

Oversubscribed Fund Surpasses $700 Million Target SAN FRANCISCO, June 1, 2021-- Luminate Capital Partners announced today the closing of Luminate Capital Partners III, LP with $1 billion of committed capital from a broad group of global institutional investors. The oversubscribed fund closed at its hard cap and above its $700 million target, bringing the firm's total assets under management to $1.7 billion. Since inception, Luminate has built a portfolio of 13 market-leading enterprise software companies, most recently adding Axonify, the leader in frontline employee training software. The firm has completed a number of exits and recapitalizations in the past year, including the recapitalization of Oversight Systems with TCV, the recapitalization of StarCompliance with Marlin Equity, the recapitalization of Conexiom with ICONIQ Capital, the sale of Comply365 to Liberty Hall Capital, and the sale of AMTdirect to MRI Software. Luminate Founder and Managing Partner Hollie Haynes said, "As we have built Luminate over the past six years, we have focused solely on growth-oriented market leaders in enterprise software. We work with management teams to build scale and extend market leadership. We are excited to continue to execute on this strategy and are fortunate to have a strong and dynamic team of investment professionals and operating advisors who are integral to our success." Ms. Haynes further added, "I am particularly proud that we were able to exceed our fundraising target in a relatively short period of time, especially given the uncertainty caused by the pandemic. We thank our limited partners for this vote of confidence." Fund III includes a diversified investor base of leading endowments, foundations, public and corporate pensions, ‎asset management firms, and family offices. Moelis & Company LLC served as placement agent and Kirkland & Ellis LLP provided legal counsel for Luminate. About Luminate Capital Partners Luminate Capital Partners is a private equity firm investing in growth software companies. Luminate partners with management teams to drive strategy, growth, and operational improvements. Luminate's portfolio of market leaders has included AMTdirect, AutoQuotes, Axonify, Comply365, Conexiom, Fintech, Oversight Systems, LiquidFrameworks, MSI, PDI, StarCompliance, Quantivate, and Thought Industries. For more information, including a full list of investments made by Luminate, please visit www.luminatecapital.com. Contact:

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Expert Collections containing Oversight Systems

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

Oversight Systems is included in 3 Expert Collections, including Regtech.

R

Regtech

1,342 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

Artificial Intelligence

7,904 items

This collection includes startups selling AI SaaS, using AI algorithms to develop their core products, and those developing hardware to support AI workloads.

F

Fintech

7,165 items

US-based companies

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