Agiloft, a no-code contract and commerce lifecycle management software provider has raised a $45 million growth equity investment from FTV Capital.

As part of the transaction, FTV Capital’s Alex Mason and Abhay Puskoor will join Agiloft’s board of directors, the company said in a statement.

In another development, Agiloft has appointed Eric Laughlin as chief executive. Mr. Laughlin most recently served as global leader of legal managed services at Ernst & Young.