Venminder LLC

Founded in 2001 by Dana Bowers and based in Kentucky, US, Venminder LLC. operates as a provider of software solutions that help financial institutions solve problems of vendor management. In September 2024, Ncontracts, LLC, a portfolio company of Hg, acquired Venminder LLC from Silversmith Capital Partners, Bain Capital Ventures, and MissionOG. As of 2024, the company is led by its CEO, James Hyde.

The company provides a software platform that centralizes third-party risk activities, automating workflows and tracking vendor performance across key risk areas like cybersecurity, financial health, and business continuity. The firm's Vendiligence™ service provides expert-driven control assessments, delivering in-depth reviews of vendor risks in areas such as data protection and information security. This outsourced solution reduces the burden on in-house teams while ensuring compliance with regulatory requirements. Venminder’s other product, Venmonitor™, offers continuous monitoring, providing real-time insights into potential vendor risks, such as cybersecurity threats or business health issues.

In addition, the company also offers managed services, allowing organizations to outsource the manual aspects of vendor risk management, such as document collection and compliance checks. The firm’s partners include Black Kite, Argos Risk, Owlin, Osano, Vendor Centric, and others.