Company Market Research Report

Company Overview

Name

Assent Inc.

Mission of the Company

Assent is on a mission to help manufacturers build deeply and durably good products. The company delivers real-world innovations to pioneer sustainable growth.

Founded

2010

Founders

No information is available

Key People

• Andrew Waitman, Chief Executive Officer

• Tony Farinaro, Chief Revenue Officer

• Jason Cherry, Chief Financial Officer

• Keira Torkko, Chief of Staff & Chief People Officer

• Andrew Holyome, Chief Information Officer

• Tanya Weston, General Counsel

• James Calder, SVP, Strategic Channels & Corporate Development

• Jonathan Hughes, Co-Founder and Director, Strategic Relationships

Headquartered

• Ottawa, Canada

• Columbus, U.S.

• Amsterdam, Netherlands

• Penang, Malaysia

• Eldoret, Kenya

Number of Employees

No information is available.

Revenue

Assent achieved a milestone of $50 million USD in annual recurring revenue.

Known For

Assent is known for providing supply chain sustainability management solutions, particularly focused on product compliance, ESG (Environmental, Social, and Governance), and trade compliance for complex manufacturers.

Products

Product Compliance Solutions

1. REACH

• Description: Helps ensure compliance with the REACH Regulation for the EU and UK markets.

• Key Features: Deep mapping of products, substances of very high concern (SVHC), and suppliers.

2. PFAS

• Description: Provides visibility into PFAS within products and parts to avoid supply chain disruptions and mitigate risks.

• Key Features: Identifies PFAS in the supply chain and helps meet new reporting requirements.

3. SCIP

• Description: Assists with meeting submission obligations by providing a deep view of the supply chain.

• Key Features: In-depth data on suppliers and product components.

4. RoHS

• Description: Supports compliance with RoHS regulations by deep-mapping the supply chain.

• Key Features: Streamlines compliance processes through comprehensive supply chain data.

ESG Supply Chain Solutions

1. Description

• Provides a foundation for a true supply chain sustainability and ESG program.

• Key Features: Deep data visualization, simplifying data collection methods, and streamlined communications.

Trade Compliance Solutions

1. Description

• Covers diverse trade compliance requirements ensuring market access.

• Key Features: Identify and mitigate risks related to trade compliance, including origin verification.

Managed & Professional Services

1. Description

• Offers regulatory support, supplier engagement, training, and program management.

• Key Features: Customized advisory and program management services tailored to specific industry needs.

Industry Solutions

1. Electronic Industry

• Description: Deep-maps the electronics supply chain to support business growth goals.

• Key Features: Comprehensive view of compliance and sustainability.

2. Medical Devices

• Description: Helps bring safe and ethical medical devices to market.

• Key Features: Industry-specific compliance and sustainability support.

3. Industrial Equipment

• Description: Assists manufacturers in understanding supply chain risks and opportunities.

• Key Features: Detailed insights into supply chain components.

4. Automotive

• Description: Supports automotive companies in managing compliance and sustainability.

• Key Features: Detailed data on product compliance and sustainability management.

5. Aerospace & Defense

• Description: Built by experts with decades of experience.

• Key Features: Specialized solutions tailored to the aerospace and defense industry.

Recent Developments

New Products Launched

1. PFAS Solution

• Description: End-to-End solution to identify PFAS in the supply chain, meet reporting requirements, and maintain market access.

• Key Features: Comprehensive PFAS management covering over 7,000 substances.

2. ESG Workflow Solution

• Description: Complete ESG solution for supply chain sustainability reporting.

• Key Features: Actionable insights and reporting capabilities for complex manufacturers.

New Features Added to Existing Products

No information is available

New Partnerships

1. Significant Series D Funding from Vista Equity Partners

• Description: Assent received $350 million USD to establish itself as a unicorn company with a valuation of $1 billion USD.

• Impact: Strengthened its position in the market and accelerated global expansion efforts.

2. Partnership with the Social Responsibility Alliance

• Description: Committed to combat human trafficking and slavery in supply chains.

• Impact: Enhanced ethical standards and product compliance initiatives across complex manufacturing supply chains.

Other Recent Developments

1. 2023 Sustainability Report

• Description: Demonstrated progress in ESG commitments, including participation in the UN Climate Ambition accelerator program.

2. Named a Leader in Product Compliance by Verdantix

• Description: Recognized as a leading solution provider for tackling rising challenges in product compliance and PFAS management.

3. HR Achievements

• Description: Won Canadian HR award for Best HR Team of the Year.

4. C-Suite Expansions

• Description: Key hires include Jason Cherry as CFO and Tony Farinaro as CRO to support global expansion efforts.

Conclusion

Assent Inc. continues to lead in the field of supply chain sustainability management, offering comprehensive solutions for product compliance, ESG, and trade compliance. The company's innovative strategies and solutions, combined with significant funding and strategic partnerships, enable it to meet the evolving needs of complex manufacturers globally.