Overview Key strengths Key risks A leader in the governance, risk, and compliance (GRC) solutions market. Financial-sponsor ownership and a highly leveraged capital structure. Above-average profitability compared with other technology software companies and limited capital spending requirements. Limited, albeit growing, operating scale compared with higher-rated technology software companies. Consistent recurring revenue and high retention rates position the company to weather market volatility. Highly competitive and intensely fragmented market with many competing offerings. Amid increasing scrutiny of risk and compliance management from regulators and stakeholders, we expect the governance, risk, and compliance (GRC) solutions market to experience sustained growth over the next 12-24 months. Over the past several years, Navex has expanded its global footprint and its service offering within the
