Featherweight Capital Partners (FCP), an Austin-based equity firm, has acquired Broadcat, a provider of behavior-based compliance content to legal and compliance teams. The transaction includes growth investment that will enable Broadcat to address rapidly increasing demand for its content and expand its service offerings to provide broader compliance solutions based on Broadcat’s operationally focused compliance design process. In conjunction with the transaction, the company announced that Alex Klingelberger, managing partner of FCP, will join Broadcat as chief executive officer.
Broadcat provides corporate compliance content based on a behavioral science approach. Delivered through a subscription-based model, its content is increasingly popular for role-based and operationalized compliance training. The company’s growth efforts are focused on expanding its content library and creating additional products and solutions responsive to the growing needs of its enterprise customers, which include Uber, Hershey, Johnson & Johnson, Cisco, Kraft Heinz, Takeda and Booking.com.
“The demand for Broadcat’s products really accelerated during 2021 because they address compliance challenges from a perspective that focuses on two critical areas: 1) creating solutions that mitigate the burgeoning workloads of…
