BoardBookit is renamed Govenda and expands the corporate’s imaginative and prescient and platform
PITTSBURGH – (BUSINESS WIRE) – BoardBookit, a leading provider of board portal software, announced today that it has been renamed Govenda. The new name and brand reflect the company’s growing vision and range of corporate governance products. The product development 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 product suite meet the rapidly changing requirements of the corporate governance market.
The relationship and communication between CEOs, corporate governance and compliance managers, 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 sharing, reporting and communication. Customers use the platform to ensure that board members are informed, engaged, communicated and driving company performance and strong governance.
With the new name, improved vision and the addition of new products in 2021, Govenda reflects a customer-centric focus on solutions that support and enable high-performance boards and meet emerging corporate compliance requirements. Govenda’s expanded platform will enable boards of all sizes and areas to guide companies through business and societal change, including environmental and social (ESG) and diversity, equity and inclusion (DE&I) requirements. New data collection and reporting functions enable an improved level of communication and organizational compliance, especially with regards to ESG and DE&I.
Former BoardBookit, which is at number 1,311 on 2020 Inc. 5000’s list of Fastest Growing Companies, has established itself as the market leader for board portal software. The company was founded by two women entrepreneurs, Marion Lewis, CEO, and Jeanette Thomas, CTO, and has grown 340% over the past three years. The company has a robust and growing customer base in the healthcare / pharmaceutical, financial services, manufacturing, and higher education sectors. The company’s tremendous success resulted in a significant minority stake by Growth Street Partners in late 2020. With the launch of new, future-oriented solutions in 2021 and the growth capital to reinvest in the team and product suite, Govenda is ready to help customers go beyond the portal and see the power and potential of high performing boards.
“Our rebranding initiative is an important 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 so important. It is time to improve our brand positioning and update the company name to reflect our pioneering focus on optimizing board performance to meet clients’ advanced ESG compliance needs. Our new identity shows our commitment and our growing ambitions in the market. ”
New product innovations related to this rebranding announcement include the introduction of three timely solutions:
Govenda enables data collection and a reporting platform for corporate governance offices on environmental, social and governance issues (ESG) and can be integrated into the existing board portal or used as a standalone solution.
Enhanced board relationship management capabilities to ensure transparent, ongoing and seamless communication between executives and board directors.
Repackaged board management offerings to better meet the needs of all customer segments.
The new name and logo boldly depart from an earlier focus on logbooks and visually express an improved vision. Govenda will retain the branding “by BoardBookit” during an initial transition phase. Govenda branding captures the key features of optimizing board performance:
The light blue color suggests calm and self-confident decision-making.
The “G” symbol shows a clear path, but not a straight line, which looks like both an eye and an ear for careful monitoring, and is visually different.
The name itself deliberately deviates from the sea of product names of “boards” developed in a pre-COVID era and addresses the present and future need to improve board performance and ensure effective governance control.
“The company’s software is the foundation for the transparent communication and close relationships between directors and executives that are critical to effective corporate governance and strategic planning,” said Steve Wolfe and Nate Grossman, co-founders of Growth Street Partners. “Growth Street is excited to invest behind co-founders Marion and Jeanette and the Govenda team and support the company in its next phase of growth.”
BoardBookit’s Govenda is a board of directors relationship and compliance management platform that offers a range of products to optimize board performance. With its new name, improved vision and the addition of its new products in 2021, Govenda reflects a customer-centric focus on solutions that support and enable high-performance boards and meet emerging corporate compliance requirements. Named on 2020 Inc. 5000 Fastest Growing Companies list, Govenda is founded and run by women. She serves C-suite executives and board members and corporate governance serving companies in the healthcare / pharmaceuticals, 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-based service companies in underserved US markets. The company has $ 200 million under management and is targeting $ 3 million to $ 12 million investments in companies with $ 1 million to $ 5 million in annual revenue. It works with founders who have lived the problem their company now solves (i.e. Founder-Market-Fit). By providing a unique balance between capital and aid, Growth Street enables entrepreneurs to accelerate their businesses without losing control.