A special edition highlights the businesses, like Star, that have learned to work and even thrive throughout the course of the pandemic
Rockville, Maryland – November 10, 2020 – StarCompliance has been named Company of the Year by The Technology Headlines: a magazine for enterprise IT industry leaders and professionals to share their experiences, ideas, and advice in. In recognition of this achievement, the compliance software solutions company has been chosen for the cover story of The Technology Headlines special edition: “The Successful Companies of 2020.”
This year’s special edition highlights the businesses that have learned to work and thrive throughout the course of the pandemic—shining a light on the strong leaders and strong companies that have successfully pivoted to a remote-work environment, and have grown, innovated, and achieved outstanding financial results despite the unprecedented challenges COVID-19 has thrust upon the marketplace.
Star CEO Jennifer Sun, who was interviewed for the story, had this to say about her company's inclusion on the list: “One of the most important things we did this year was initiate a company-wide transformation to the Agile methodology. We made the decision to do this before the pandemic hit, and it’s turned out to be a very fortuitous decision: one that has paid off for us this year. Agile allowed us to pivot successfully both internally and externally—to streamline and even accelerate our services. If we’re Company of the Year in the year of COVID, it’s because we’ve been able to adapt quickly and effectively.”
StarCompliance has over 20 years of experience building configurable compliance software solutions. Star supports a global client base across a wide range of financial service disciplines—including asset managers, investment banks, broker dealers, PE firms, insurance companies, and other service providers in the financial services ecosystem. Star’s employee conflicts of interest platform is scalable and easy-to-use for employees at all levels of an organization, and helps financial firms reduce risk, gain efficiencies, and drive adoption around their employee compliance programs.
The Technology Headlines article, titled "Making Compliance Simple & Easy For The Global Financial Industry," is an homage to Star’s mission statement: "We Are Reputation Guardians, On A Mission To Make Compliance Simple And Easy." It's a mission the regtech company takes seriously, and one that has kept the organization on track, even in the middle of a global health crisis. “The pandemic has made our mission clearer than ever," says Sun. "This year, we’ve been laser focused on two main initiatives: transforming ourselves internally—becoming Agile—and investing in our future product strategy.”
Star’s Agile transformation at the beginning of this year helped employees pivot quickly to the new remote-work environment. The company was able to shift its implementation approach from a mixture of onsite and offsite work to 100% remote installs, and as a result has completed more than 25 successful remote implementations since the beginning of March. Star has also moved to a fully virtual events platform—hosting monthly webinars to provide actionable advice to help clients and attendees adjust to the “new normal” of remote work and the compliance challenges that have come with it.
2020 has been a year of innovation for Star, with the company bringing new functionality online and integrating critical datasets to improve the user experience. Compliance Dashboards—which provide a new level of data accessibility and employee activity transparency—help inform compliance decision making and reduce firm risk. Star is also taking a new approach to its product strategy, applying the “Jobs To Be Done” methodology to build software that meets unmet needs in the compliance industry and improve the accuracy and expediency of customers’ day-to-day tasks. Sun: “We followed a rigorous process to uncover the major struggles our compliance customers face, and developed a product strategy that will bring them greater efficiency and lower the cost of their compliance programs.”
To read more about StarCompliance and their year of innovation and growth, download your free copy of “The Successful Companies of 2020" here.
About StarCompliance
StarCompliance is a leading provider of compliance technology solutions. Trusted globally by enterprise financial firms in over 80 countries—including asset managers, investment banks, broker dealers, PE firms, insurance companies, and stock exchanges—the STAR Platform empowers organizations to achieve regulatory compliance while safeguarding their integrity and business reputations. Through a customizable, 360-degree view of employee activity, STAR software enables firms to automate the detection and resolution of potential areas of conflict while streamlining daily workflows and increasing efficiency. www.starcompliance.com
About Luminate Capital Partners
Luminate Capital Partners is a private equity firm focused on making investments in growing enterprise software companies. Luminate partners with management teams to provide flexible capital and operational support to drive strategy, accelerated growth and build long-term value. With headquarters in San Francisco, Luminate invests in portfolio companies that serve customers globally. Representative investments to date include AMTdirect, Comply365, Conexiom, Fintech, Oversight Systems, PDI and StarCompliance. www.luminatecapital.com.
