Citation Group has welcomed HarbourVest Partners as a strategic investor to fuel its international growth and enhance its compliance solutions for SMEs.

Target Company Overview

The Citation Group (Citation) is a prominent international provider of technology-driven compliance and certification solutions tailored for small to medium-sized enterprises (SMEs). With a client base exceeding 110,000 SMEs across the UK, Canada, and Australia, Citation plays a pivotal role in assisting these businesses in managing HR, Health and Safety, and Quality Certifications.

Currently, Citation is expanding its operations internationally, bolstered by its strong performance and the development of innovative products, particularly in artificial intelligence (AI). The company has experienced significant growth and is recognized for its hybrid approach that combines both software and service solutions to effectively meet its customers' compliance requirements.

Industry Overview in the Target’s Specific Country

In the context of the compliance sector in the UK, there is increasing pressure on SMEs to adhere to regulatory standards while maintaining operational effi