About the episode
Inflexion Point tells the story of GRC, now Axiom GRC, the compliance software and services business that helps companies stay on the right side of regulation, and how it became a standalone company built for faster growth. Host Tim Smallbone is joined by founder Alex Dacre, the serial entrepreneur who built the group through acquisition and stepped across to run the carved out business as its own company, and Isabelle Pagnotta, the Inflexion partner who led the investment and now sits on the board. They reflect on the moments that shaped it: the early realisation that regulated markets bring long, recurring customer relationships, the move into software with the acquisition of William Martin, the decision to carve the GRC division out of a listed group and take it private, and the push into cybersecurity as the business builds a one stop shop for compliance. Along the way, they talk about the contrast between the public and private markets, integrating dozens of acquisitions into a single culture, where AI can improve both internal efficiency and compliance outcomes for customers, and why regulation makes this such an attractive model to scale internationally.