Tricor Group (Tricor) makes strategic investment in Praxonomy to fuel growth of the Praxonomy Board Portal, a Software as a Service (SaaS) solution for boards of directors.
Praxonomy, a provider of next-generation digital board portal solutions, announced a strategic investment from Tricor, the leading business expansion specialist in Asia. The investment will make Tricor one of the firm’s largest shareholders.
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“Praxonomy’s goal is to provide practical board portal solutions to organizations of all sizes while offering clients the security, data privacy and reliability to satisfy even the most complex requirements”
Praxonomy’s software as a service platform simplifies the administration of board and senior leadership meetings, facilitates secure collaboration and provides instant access to up-to-date information and sensitive documents for directors and executives. The platform is built with high-grade data security along with a focus on simplicity and ease of use.
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Tricor is Asia’s leading business expansion specialist providing integrated business, corporate, investor, human resources and payroll, corporate trust and debt services with over 50,000 clients worldwide, including 2,000 publicly listed companies in Asia and over 40% of the Fortune Global 500. This investment will further strengthen the two companies’ global partnership and Tricor’s overall corporate governance technology capabilities. Praxonomy’s technology already powers Tricor’s newly announced digital board portal offering, Boardfolio, and will complement SPOT, Tricor’s Hybrid Meeting solution.
“Praxonomy’s goal is to provide practical board portal solutions to organizations of all sizes while offering clients the security, data privacy and reliability to satisfy even the most complex requirements,” said Jay Shaw, CEO and Founder of Praxonomy. “We are delighted that Tricor shares our vision and are thrilled to deepen our partnership with this investment. Tricor is uniquely positioned to help accelerate our growth and maximize our potential.”
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