Marlin completes the acquisition of True Office Learning (formerly NYSE Governance Services) from Intercontinental Exchange

LOS ANGELES, June 1, 2017 – Marlin Equity Partners (“Marlin”) is pleased to announce that it has acquired NYSE Governance Services, Inc. from Intercontinental Exchange, Inc. (NYSE: ICE) and renamed the newly acquired business as True Office Learning (“True Office” or the “Company”). True Office is a leading provider of analytics-rich, interactive e-learning software and services, specializing in governance, risk and compliance (“GRC”). The Company’s cloud-based adaptive training and analytics platform connects e-learning to advanced behavioral data, and enables organizations to rapidly build and deliver solutions utilizing analytics to drive better business outcomes.

Neha Gupta, Chief Executive Officer at True Office Learning, stated, “We are transforming how organizations think about their corporate training programs. Our analytics-enabled courseware personalizes the learning experience for each user while capturing and analyzing data that can be used by organizations to make quantifiable decisions on program performance, investment and effectiveness. Marlin shares our strategic vision of expanding the technology’s application beyond GRC to establish a new standard in enterprise e-learning. Their investment will help us accelerate our pace of innovation and provides us with a strong foundation to succeed as an independent company.”

“True Office Learning is reinventing the way companies utilize software and analytics to deliver more engaging training experiences for learners while also providing meaningful insights for the enterprise. With increased scrutiny around regulatory, compliance and cybersecurity risks, this actionable data helps organizations monitor, remediate and mitigate those risks,” said Ryan Wald, a partner at Marlin. “We are excited to partner with the True Office management team and look forward to supporting them as they continue to bring new and innovative solutions to the GRC market and beyond.”

About Marlin Equity Partners

Marlin Equity Partners is a global investment firm with over $6.7 billion of capital under management. The firm is focused on providing corporate parents, shareholders and other stakeholders with tailored solutions that meet their business and liquidity needs. Marlin invests in businesses across multiple industries where its capital base, industry relationships and extensive network of operational resources significantly strengthen a company’s outlook and enhance value. Since its inception, Marlin, through its group of funds and related companies, has successfully completed over 100 acquisitions. The firm is headquartered in Los Angeles, California with an additional office in London. For more information, please visit

About True Office Learning

True Office Learning is a leading enterprise education and analytics company that connects e-learning to advanced behavioral data through an adaptive technology platform. The company’s cloud-based software provides organizational insights that were previously immeasurable, enabling organizations to create analytics-rich training solutions, analyze efficacy and drive better business outcomes. For more information, please visit

For additional information, please contact Peter Spasov at (310) 364-0100 or via e-mail at