PITTSBURGH--(BUSINESS WIRE)--BoardBookit, a leader in board portal software, today announced it has rebranded to Govenda. The new name and brand reflect the company’s expanding vision and growing suite of corporate governance products. The product evolution, from a board portal to a board relationship and compliance management platform, is the driving force behind the rebranding. The company’s new name, logo, and suite of products address the rapidly changing needs of the corporate governance market.
The relationship and communication between CEOs, corporate governance and compliance executives, and the board of directors is more important than ever. The Govenda board relationship management platform addresses this need and optimizes board performance through seamless and secure document exchange, reporting, and communications. Customers use the platform to ensure board directors are informed, engaged, communicating, and driving company performance and strong corporate governance.
With the new name, enhanced vision, and the addition of new products in 2021, Govenda reflects a customer-driven focus on solutions that support and enable high-performing boards and address emerging corporate compliance needs. Govenda’s expanded platform will enable boards of all sizes and scopes to lead companies through business and societal changes, including environmental and social (ESG) and diversity, equity, and inclusion (DE&I) imperatives. New data collection and report generation capabilities enable enhanced levels of communication and organizational compliance, in particular with respect to ESG and DE&I.
Ranked 1,311 on the 2020 Inc. 5000 list of fastest growing companies, the former BoardBookit emerged as a market leader for board portal software. Founded by two women entrepreneurs, Marion Lewis, CEO, and Jeanette Thomas, CTO, the company has experienced 340% growth over the past three years, with a robust and growing base of customers in healthcare/pharma, financial services, manufacturing, and higher education. The company’s tremendous success led to a meaningful minority investment from Growth Street Partners in late 2020. With the introduction of new, forward-thinking solutions in 2021 and the growth capital to invest back into the team and suite of products, Govenda is poised to help its customers go beyond the portal and realize the power and potential of high-performing boards.
“Our rebranding initiative is a major milestone for the company. We are evolving from board portal software to board relationship and compliance management solutions,” said Marion Lewis, CEO of Govenda. “Good governance has never been more important; the time is right to elevate our brand positioning and update the company name to reflect our game-changing focus on optimizing board performance to meet customers’ expanded ESG compliance needs. Our new identity demonstrates our commitment to and growing ambitions in the market.”
New product news, in conjunction with this rebranding announcement, includes the introduction of three timely solutions:
- Govenda enables data collection and a report-generating platform for corporate governance offices on environmental, social and governance (ESG) topics and can be integrated with the existing board portal or used as a stand-alone solution.
- Expanded board relationship management features to ensure transparent, ongoing, and seamless communication between executives and the board directors.
- Repackaged board management offerings to better meet the needs of all customer segments.
The new name and logo boldly depart from a previous focus on board books and visually express an enhanced vision. Govenda will maintain the “by BoardBookit” branding during an initial transition period. The Govenda branding captures the key characteristics of optimizing board performance:
- The light-teal color suggests calm and confident decision-making.
- The “G” icon shows a clear path, but not a straight line, resembling both an eye or ear for careful oversight, and it is visually differentiating.
- The name itself deliberately departs from the sea of “board” product names, which were developed in a pre-COVID era, and addresses the current and future need to elevate board performance and effective governance oversight.
“The company’s software is the foundation of transparent communications and strong relationships between board directors and executives, which is critical to effective corporate governance and strategic planning,” said Steve Wolfe and Nate Grossman, the co-founders of Growth Street Partners. “Growth Street is thrilled to invest behind co-founders, Marion and Jeanette, as well as the Govenda team, and to support the company in its next phase of growth.”
Govenda, by BoardBookit, is a board of directors’ relationship and compliance management platform that offers a suite of products to optimize board performance. With its new name, enhanced vision, and the addition of its new products in 2021, Govenda reflects a customer-driven focus on solutions that support and enable high-performing boards and address emerging corporate compliance needs. Named to the 2020 Inc. 5000 Fastest Growing Company List, Govenda is female-founded and female-led and serves C-suite and corporate governance executives and board members who lead companies in healthcare/pharma, financial services, manufacturing, higher education, and other industries.
About Growth Street Partners
Growth Street Partners provides early growth capital to vertically focused, rapidly growing B2B SaaS and technology-enabled services companies located in underserved U.S. markets. The firm has $200M under management and targets investments of $3-12 million in companies with $1-5 million of annual run-rate revenue. It partners with founders who lived the problem their business is now solving (i.e., founder-market fit). By providing a unique balance of capital and help, Growth Street allows entrepreneurs to accelerate their businesses without losing control.