Exterro is a company that provides software for legal governance, risk, and compliance. Exterro’s Software-as-a-Service business model offers its clients a platform for automatization of privacy interconnections, digital investigations, legal operations, compliance, information governance, and cybersecurity response.
The funding round was co-led by Coller Capital and Glendower Capital. The money raised will be used for GRC portfolio growth through mergers and acquisitions, as well as for product development. Exterro also plans to develop initiatives for law firms and service providers and target global expansion.
Exterro, Portland, the USA was founded by Bobby Balachandran and Shashidhar Angadi in 2008. “We are targeting a 2023 IPO. It has been some time since we crossed the $100 million Annual Recurring Revenue (ARR). We had quadrupled our revenues after partnering with Leeds Equity in 2018,” Bobby Balachandran, Founder and CEO of Exterro. As of now, the company’s client base includes 3000 customers around the world, among them, are Boeing, Oracle, Aflac, American Express, and United Healthcare. Exterro’s Research and Development center located in India employs approximately 375 people of its more than 700-employee total workforce. The company plans to double the Indian workforce in the next year.