Diginex, a sustainability RegTech firm, has announced an agreement to acquire Findings, a supply chain risk monitoring platform, in a transaction valued at up to $305 million. This move is intended to enhance Diginex’s technological and cybersecurity capabilities.
Findings, founded in 2018 by CEO Kobi Freedman and CTO Jonatan Perry, operates in the U.S. and Israel, offering solutions that provide companies and their vendors with insights into cybersecurity, ESG performance, and compliance readiness. The company specialises in supply chain risk monitoring and vendor risk automation within the cybersecurity and sustainability regulatory domains, facilitating strategic risk-related decisions and compliance in the global regulatory ecosystem.
Diginex provides software solutions aimed at streamlining ESG, climate, and supply chain data collection and reporting using blockchain, AI, machine learning, and data analysis technologies. The acquisition is expected to integrate Findings’ expertise in AI vendor risk management, real-time cloud audits and monitoring, alongside its API-based verification automation and secure data sharing, into Diginex’s platforms. This will enhance Diginex’s technological capabilities and expand its presence in the cybersecurity sector.
Miles Pelham, Chairman of Diginex, expressed enthusiasm about the acquisition, highlighting how Findings’ advanced solutions in vendor risk management and cloud security complement Diginex’s sustainability-focused technology stack, accelerating value creation for clients globally.
The proposed transaction involves Diginex acquiring Findings for $270 million in shares and up to $35 million in cash, with $20 million contingent upon financial target achievements. Diginex has also committed to providing additional growth funding to Findings post-closing, contingent on agreed performance metrics, to support innovation and global expansion.
Findings CEO Kobi Freedman commented on the partnership, noting the benefits of joining forces with Diginex to enhance automated solutions for supply chain risk and compliance management. The transaction will allow Findings to leverage Diginex’s global platform and advanced technologies to accelerate growth, extend offerings with supply chain cybersecurity automation solutions, and deliver greater value to organisations navigating complex regulatory landscapes.
