In April, Convercent is born. Seed funding confirms that the market is ready for a new, cloud-based company that specifically meets modern compliance needs. We’re ready to fill that need, and product development begins in August.
We kick off the New Year by launching to the public and acquiring our first customer. The momentum doesn’t stop as the year continues. Support is now offered in more than 50 languages. Additional investors are brought on as Series A, then B, funding continues.
Market demand isn’t slowing down, and Convercent earns 136% new bookings growth for Q2. We end the year with even more exciting news — 300% sales growth and a 75% spike in new users during 2014.
Product innovations continue throughout the year. We released an entirely unique feature, the ability to manage multiple allegations within a single case. Our Disclosure Manager also arrives — organizations finally have a straightforward interface that separates disclosure management from traditional case management.
With the opening of a new London office, Convercent continues to strive toward global domination of the compliance software space. Clearly, demand for compliance software is hot. We also hire our first CCO, start a Convercent Advisory Board, and host the first-ever CONVERGE conference.
Additional $10M and $25M funding rounds help Convercent continue to drive ethics to the center of business for a better world. Being recognized as one of the fastest growing companies in technology on Deloitte’s 2017 North America Technology Fast 500 list inspired us to continue working hard to deliver true business value to companies around the world.
Corporate ethical transformation was at the forefront of business in 2018. Key product milestones included powerful Benchmarking capabilities and tools for GDPR compliance. Global operations move to a sleek new office space in Denver and more than 300 compliance professionals from around the globe gather for the biggest CONVERGE conference yet.
Another year, another round of exciting advancements in compliance software. We launch our Interactive Code of Conduct product, making it easier than ever to engage employees and encourage ethical behavior.
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