Compliance technology provider and consultancy Red Oak and communications platform MirrorWeb, both Mainsail Partners portfolio companies, have consolidated under the Red Oak name, according to a news release. Details of the transaction, which was effective July 26, were not disclosed.
Romir Bosu, most recently executive chairman at MirrorWeb, is now the CEO of the combined company, while Dave Dutch, Red Oak’s former CEO, will serve as an adviser to the new Red Oak, the news release said. Other MirrorWeb executives, including CISO Philip Clegg, COO Harriet Christie and President Joshua Yulish, will remain, a company representative told CCI.
MirrorWeb will continue to operate under its name for an unspecified interim period, after which it will transition to the Red Oak name, the representative said. Red Oak will remain based in Austin, Texas, the representative told CCI, and it will provide content compliance, distribution and communications supervision in a single system for regulated financial services firms.
MirrorWeb and Red Oak have been “critical partners,” Dutch said in the release, in delivering on the vision that compliance done right is a growth engine and enabling end-to-end governance of the communication lifecycle for an increasingly shared client base.
“I’m proud of what we’ve done for clients together already and excited to see the combination of our platforms as the natural next step and growth driver for our clients,” he said in the release.
