The profile is currenly unclaimed by the seller. All information is provided by CB Insights.

semagix.com

Founded Year

1996

Stage

Merger | Merged

Total Raised

$50M

About Semagix

Semagix is a Software (non-internet/mobile) company based in New York, New York. Semagix's investors include Bridgepoint Capital, American Express, Vulcan Capital, XDL Intervest Capital and Partech International.

Semagix Headquarters Location

One North Broadway White Plains

New York, New York, 10601,

United States

914-468-7900

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Latest Semagix News

Searchspace and Semagix merge to form Fortent

Oct 9, 2017

29 June 2006 0 Private equity house Warburg Pincus has acquired anti-money laundering outfit Searchspace and merged the operations with Semagix - a provider of know your customer and due diligence products - to form a new company called Fortent. Fortent will combine SearchSpace and Semagix products to deliver a suite of risk and compliance systems to financial institutions worldwide. The new company says it will satisfy industry demand for a total risk-compliance solution in an otherwise fragmented market. Searchspace and Semagix will both retain their names as product brands under Fortent. Financial terms of the deal have not been disclosed, although Warburg Pincus is understood to have provided a significant equity commitment to the company. As part of the deal, Sandy Jaffee joins Fortent as CEO from Warburg Pincus where, as entrepreneur-in-residence, she was part of the team that acquired the Searchspace and Semagix services. Prior to joining Warburg Pincus, Jaffee served as president and CEO of Citibank's Global Securities Services. Commenting on the merger, Jaffee says: "The combination of Searchspace and Semagix is an unbeatable one-two punch in the risk and compliance area." Mimi Strouse, a Warburg Pincus managing director will be Fortent's chairman of the board. She says the firm settled on Searchspace as the launch pad for the new enterprise after researching over 180 vendors in the compliance-risk industry. Other Fortent board members include Tony Terracciano, Rich Green, EVP of software for Sun Microsystems, James Neary, a Warburg Pincus managing director and Peter Wallison, former White House Counsel and general counsel to the US treasury department.

  • When was Semagix founded?

    Semagix was founded in 1996.

  • Where is Semagix's headquarters?

    Semagix's headquarters is located at One North Broadway, New York.

  • What is Semagix's latest funding round?

    Semagix's latest funding round is Merger.

  • How much did Semagix raise?

    Semagix raised a total of $50M.

  • Who are the investors of Semagix?

    Investors of Semagix include Fortent, Oppenheimer Private Equity Investments, American Express, XDL Capital, Bridgepoint and 4 more.

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.