Michael Hakim is meeting with GRC and security founders at the RSA Conference. Request a meeting →

GOVERNANCE, RISK & COMPLIANCE

Regulation writes your buyer list. Most founders have never read it that way.

In GRC, an acquirer's appetite is driven by a rule that came into force, a penalty regime that got teeth, or an obligation that landed on their customers. Knowing which regulation is creating urgency for which buyer, right now, is the difference between a process that finds three interested parties and one that finds ten.

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Transactions completed firmwide

$0B+

Aggregate transaction value

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Cross-border deals transacted

YOUR BANKER

Meet the senior banker who will run your process.

Michael leads our Governance, Risk & Compliance practice. With over 20 years of investment banking experience focused on enterprise SaaS, cybersecurity compliance, and regulated software, Michael brings deep sector relationships to every transaction.

Michael Hakim executive discussion

Michael Hakim covers SaaS and AI-native companies across GRC. Landmark transactions include UserWay to Level Access (a KKR and JMI Equity portfolio company), ID Watchdog to Equifax, and Source Intelligence with Kayne Partners.

Michael Hakim

Michael Hakim

Managing Director, Governance, Risk & Compliance

WHAT WE DO

Sell the company, or fund the next stage. Same preparation either way.

We advise GRC, risk management, and cybersecurity compliance software founders on achieving peak transaction outcomes through strategic M&A and growth capital.

M&A advisory

Executing competitive M&A processes across global cybersecurity suites, strategic platforms, and software PE.

  • Sell-side M&A run across global security vendors, legaltech conglomerates, and private equity
  • Carve-outs, divisional spin-offs, and shareholder liquidity events
  • Cross-border M&A transactions across North America, Europe, and APAC
  • Strategic buy-side advisory for market leaders executing programmatic rollups
  • Board advisory on unsolicited buyout approaches and merger proposals

Capital formation

Institutional capital raising engineered to support rapid expansion and international market entry.

  • Growth equity rounds from dedicated GRC, cyber, and enterprise SaaS sponsors
  • Structured debt, ARR credit facilities, and non-dilutive financing
  • Majority and minority recapitalizations providing founder liquidity
  • Strategic corporate venture capital from enterprise security ecosystems
  • Regulatory compliance audits, retention analytics, and transaction preparation

YOUR OPTIONS

One buyer is a negotiation. Several buyers is a market.

Every banker says they run a competitive process. Here is what actually changes depending on which route you take.

Run a full process

RECOMMENDED
Buyers at the table

Enough that no single party sets the terms

What you learn about the market

What the market will actually pay, priced by competition

Time required

Four to seven months

Disruption to the business

Highest, and planned for

Your negotiating position

Real alternatives, including walking away

Confidentiality

Managed deliberately, under NDA and staged disclosure

Timeframes are typical ranges for middle-market technology transactions and vary by company, sector, and market conditions.

M&ATravel & Hospitality Tech2026
Prismm

Acquired by Cvent (Blackstone)

Exclusive financial advisor to the seller

M&AEducation Technology2026
Wayfinder

Has been acquired by LEMNIS

Financial advisor on its sale to LEMNIS

Capital RaiseCrypto & FinTech2026
CoinFlip

Strategic recapitalization

Lead placement agent

M&AHospitality Software2025
vOffice

Acquired by Visit Group, a portfolio company of PSG

Financial advisor to the seller

M&AData & Analytics2025
NGL Labs

Has been acquired by Mode Mobile

Exclusive financial advisor to the seller

M&AHospitality Software2025
Easy Booking

Has been acquired by Zucchetti

Exclusive financial advisor to the seller

Capital RaiseHospitality & Events Tech2025
Prismm

Growth debt financing from Trinity Capital and Level Equity Financing

Lead placement agent

M&AFintech & Digital Assets2024
3iQ

Has been acquired by Monex Financial Group / Coincheck

Exclusive financial advisor to the seller

M&AHealthcare IT & Patient Access2024
SpinSci

Acquired by Aldrich Capital Partners

Exclusive financial advisor to the company

Capital RaiseHealthcare IT & RCM2024
PracticeSuite

Advised PracticeSuite on acquisition of MicroMD

Exclusive financial advisor to the buyer

Capital RaiseCreator Economy & MarTech2024
MagicLinks

Received financing from Heritage Bank of Commerce

Capital raise lead

M&APractice Management & EHR2024
MicroMD

Carve-out from Henry Schein acquired by PracticeSuite

Exclusive financial advisor to the buyer

M&AAccessibility Tech & GRC2024
UserWay

Acquired by Level Access, a portfolio company of KKR & JMI Equity

Financial advisor to the seller

M&ADental SaaS & HealthTech2024
Kleer

Has been acquired by Charlesbank Capital Partners

Exclusive financial advisor to the seller

M&APropTech & WealthTech2024
Cadre

Has been acquired by Yieldstreet

Exclusive financial advisor to the seller

Capital RaiseFintech & Accounting2023
Clearwater Analytics

Follow-on public offering

Financial advisor on follow-on equity offering

M&AInsurTech & Pension Software2023
WinTech

Has been acquired by Constellation Software

Exclusive financial advisor to the seller

M&ADigital Media & Music2023
LyricFind

Advised on strategic acquisition of Rotor Video

Exclusive financial advisor to the buyer

* Select transactions shown. Includes current Nfluence bankers' experience at prior firms. Full track record available upon request.

Deal TypeCategoryYear

Transaction Statement

THE MARKET READ

GRC demand is created by legislation rather than by preference.

$61.2B

Projected global market expenditure on enterprise GRC software and services by 2027.

84%

Of enterprise CISOs and General Counsels automating continuous compliance and vendor risk.

6.0x

Median ARR multiple for automated compliance platforms demonstrating >95% gross revenue retention.

The Argument

GRC is the one sector on this list where demand is created by legislation rather than by preference. That makes the market unusually predictable if you track it and unusually opaque if you do not. A company positioned against a rule taking effect next year is a different asset from the same company positioned generically as compliance software.

Reason 01

For GRC businesses scaling past $10M in ARR, buyer valuation is heavily influenced by non-discretionary budget positioning, low logo churn (<5%), and strong cross-sell velocity across enterprise business units. A structured competitive process ensures strategic acquirers and private equity sponsors bid aggressively against one another, capturing the full scarcity value of your platform.

Gartner GRC Market Magic Quadrant, IDC Worldwide Governance & Risk Forecast, and Nfluence Partners proprietary transaction data.

Las Vegas conference skyline

WHERE WE'LL BE

Meet us at the RSA Conference.

If you are going to San Francisco, twenty minutes on the floor is worth more than a call in June. Michael keeps a handful of slots open for founders thinking about the next eighteen months.

MAY04-072026
VENUE

Moscone Center. San Francisco, California

ATTENDING

Michael Hakim, Managing Director, Governance, Risk & Compliance

What the meeting is

Not a pitch, and not a booth conversation. Bring the question you would actually want answered before you run a process. What companies like yours traded for this year. Which acquirers are active in your category right now and which have gone quiet. Whether your timing is right or whether you are eighteen months early.

You will get a straight answer, and if we are not the right firm Michael will say so and point you somewhere better.

Book early

RSAC brings together the global cybersecurity and compliance community. Meeting slots fill well in advance.

Request a meeting at RSA Conference

Not going to RSAC? Michael is in New York and San Francisco throughout the spring. Book a call instead.

FAQ

Questions GRC founders
ask first.

Why do GRC platforms command premium multiples even in slower markets?

GRC software budgets are non-discretionary and mandated by regulatory bodies. High customer retention (>95% gross retention) and steady budget expansion create predictable cash flows that buyers value highly.

How are regulations like NIS2, DORA, and SEC cyber disclosure driving M&A?

New penalty enforcement timelines create immediate urgency for enterprise buyers to acquire continuous monitoring and automated reporting capabilities to avoid regulatory sanctions.

How do buyers evaluate security vs. pure compliance platforms?

Buyers pay top tier multiples for platforms that bridge automated technical evidence collection directly into board-level compliance reports, eliminating manual audit prep.

When should a GRC founder begin preparation for an M&A process?

Preparation should begin 12 to 18 months in advance to document regulatory moats, certify security compliance, and align positioning with strategic enterprise suites.

How do we protect proprietary compliance rules and methodology during diligence?

Proprietary rule logic, detection algorithms, and customer data are protected via blinded audit reports and clean-team protocols under strict non-disclosure terms.