Investment to support product innovation and customer success, helping financial services firms meet their digital communications archiving and regulatory compliance needs
Austin, TX – September 05, 2024 – MirrorWeb, a leader in the digital communications archiving, supervision, and surveillance software space, today announced a $63 million growth equity investment from Mainsail Partners. The investment will enable MirrorWeb to further accelerate product development and continue to grow its customer success organization, as it helps financial institutions and other regulated companies manage increasing regulatory demands.
“Regulators have never been more focused on ensuring the integrity of financial markets, protecting investors and preventing systematic risk to our economy,” said David Clee, co-founder and CEO of MirrorWeb. “Mainsail’s investment and operational resources will help us continue to support financial institutions as they navigate this environment and to meet their compliance and digital preservation needs.”
Founded in 2016, MirrorWeb provides unified communications supervision software to financial services firms, governments, and other regulated industries across the globe. MirrorWeb’s Insight platform enables firms to capture, archive, and monitor communications across channels, including websites, mobile, email, instant messaging, and social media. The platform facilitates compliance with digital communication regulations and helps firms remain both compliant and audit-ready.
“MirrorWeb’s robust and user-friendly SaaS platform is trusted by organizations globally to help them keep pace with the proliferation of communication channels and proactively improve their compliance management,” said David Farsai, Partner at Mainsail Partners. “We are excited to partner with the MirrorWeb team to continue to deliver the product innovation and support that helps customers meet their regulatory goals.”
“MirrorWeb has demonstrated a commitment to delivering strong customer service and innovative products. We look forward to working with Dave, Phil, and the entire team to double down on this focus, bringing peace of mind to customers facing increasing regulatory pressures,” said Garret Jackson, Vice President at Mainsail Partners.
As part of this investment, David Farsai and Garret Jackson of Mainsail Partners will join the MirrorWeb Board of Directors, along with Romir Bosu, the CEO of Nadavon Capital Partners. DC Advisory served as the exclusive financial advisor to MirrorWeb in this transaction.
Contact:
Kristy DelMuto
(415) 940-2085
kristy@mainsailpartners.com
