Speak To A Live Person: 888.302.4594 Request A Demo

The Time is Right

Red Oak Announces Investment from Mainsail Partners
Thursday, June 29, 2023

Since 2010, Red Oak has focused on delivering superior and intelligent software solutions to the financial services and insurance industries across the globe, backed by a strong customer-centric culture. We’ve done many great things over the years, and it has truly been exciting to see the incredible growth our organization has experienced.

Now, we find ourselves on a momentous day for our firm, employees, and clients. Today, we announced an investment from Mainsail Partners, a growth equity firm that invests in growing, bootstrapped software companies, just like Red Oak. This investment will allow us to accelerate product development and enhancements to our existing software suite and expand our customer service model to support the needs of financial service and insurance organizations across the globe.

The journey from where we began to where we are now has been incredible. As compliance and technology experts in this space, we recognized the growing need in this industry for intelligent software solutions to help streamline processes and mitigate regulatory risks back when we started the firm in 2010. Since then, we’ve been laser-focused on delivering smart and innovative software to our clients, priding ourselves on their feedback driving our enhancements and future product development because there just isn’t anyone who knows better than the people actually doing the work.

Making the Most of Good Timing

In short, the market timing was right. The complexity of the regulatory environment continues to increase, and over the years, our customers’ needs for additional solutions have grown alongside their feedback to our teams. For those of you who joined us at the 2023 User Conference, you know our product roadmap is already immense and continues to expand. With our current operations, we have delivered on those requests but not always at the pace we wanted. All of that, paired with greater interest and demand for our software, put us in a prime position to think about the future of Red Oak in a much different light.

Why We Chose Mainsail

We had talked with different equity firms over the years but were never interested in taking that path, fearing what might happen to our vision, product, and culture. Red Oak started small and grew to be very successful organically, and we didn’t want to lose that connection with our success. Our initial conversations with Mainsail were much different from any others over the past 13 years, and we started to explore where that path could lead. Their approach to helping firms scale while allowing them to maintain their culture and what they already do so well really changed the dynamic of our conversations. We took our time and spoke with many of their existing partners, and their reputation for preserving the “core” of the organization and expertise in this space really stood out for us. They recognized the established value of our software as a leader and have taken the time to understand our vision for the future. Their purpose-built team comes with deep expertise and resources that will work side-by-side with us to help deliver a powerful suite of products and scale our operations.

What the Future Holds

We have an incredible journey ahead of us. Our clients and the Red Oak team have always been paramount to us and that will continue to strengthen. The industry is evolving quickly, and our expertise in this space tells us that the current demand for intelligent and AI-powered software solutions is only beginning. This investment will help us accelerate our product development and scale our operations to help our customers continue to increase efficiency and effectiveness in their compliance management operations. Ultimately, we believe it will help them further minimize risk and reduce costs for their organizations with an innovative and powerful suite of software solutions. As we advance, our primary focus will remain on delivering valuable software solutions while staying hyper-focused on supporting happy customers.

We are incredibly proud of all our team has accomplished to date and can’t wait to see all we can achieve in this next chapter.

-Stephen, Cathy, and Rick

Want to learn more? Read our press release.

About Red Oak Compliance Solutions

Red Oak Compliance Solutions is a leading provider of intelligent compliance software, offering a range of AI-powered solutions designed to help firms of all sizes successfully navigate the increasingly complex regulatory landscape. Our suite of 17(a)-4/WORM compliant features offer risk minimization, cost reduction, and process optimization capabilities with features that are designed to evolve with our client’s needs. Our flagship advertising review software enables firms to deliver compliant content to the market with confidence, faster. Our Disclosure Management and Intelligence solution simplifies the management of disclosures, while our Registration Management solution automates and streamlines the licensing and registration process, further enhancing your internal processes. 

  • Categories

  • Get Started