Gryphon Investors (“Gryphon”), a San Francisco-based middle-market private equity firm, announced today that it has acquired Ncontracts (or the “Company”), a leading provider of integrated risk management software and services for the financial services industry. The deal marks Gryphon’s second investment in Governance, Risk, and Compliance (“GRC”) enterprise software solutions, following the firm’s December 2018 investment in RegEd, also a provider of GRC solutions for the financial services industry.