KENNESAW, GA and SAN FRANCISCO, CA—Thoma Bravo, LLC, a leading private equity investment firm, today announced it has closed a strategic growth investment in Riskonnect, Inc., a global provider of Integrated Risk Management technology solutions. As part of the agreement, Riskonnect’s three founders will retain a significant minority stake in the business. Financial details were not disclosed.
Riskonnect’s Integrated Risk Management solutions give companies a holistic view of the various risk factors they face, along with mitigants, costs and impact for those risks. Through a unified, highly configurable set of modules, the company provides the tools and business intelligence needed to reduce losses, control risk, manage key stakeholder relationships and increase shareholder value.
Thoma Bravo’s investment is expected to better position the company to accelerate product investment and take advantage of the converging use cases across traditional Risk Management, Governance, Risk and Compliance (GRC) and Health and Safety Management functionalities.
“Our relentless focus on developing innovative, practical, value-adding software for our clients has given Riskonnect a strong reputation in the Integrated Risk Management field,” said Jim Foster, CEO at Riskonnect. “Thoma Bravo is the clear choice as a partner to help us maximize our growth opportunities as we continue to build a platform that helps our customers more easily manage complex regulatory and compliance environments.”
“Integrated Risk Management is becoming increasingly mission-critical to large enterprises and Riskonnect’s comprehensive, customizable solutions are becoming more and more valuable to customers,” said Hudson Smith, a Partner at Thoma Bravo. “Riskonnect has incredible growth potential and we look forward to working with its talented leadership to enhance existing products and invest in new opportunities.”
About Thoma Bravo, LLC
Thoma Bravo is a leading private equity firm focused on the software and technology-enabled services sectors. With a series of funds representing more than $17 billion in capital commitments, Thoma Bravo partners with a company’s management team to implement operating best practices, invest in growth initiatives and make accretive acquisitions intended to accelerate revenue and earnings, with the goal of increasing the value of the business. Representative past and present portfolio companies include industry leaders such as Blue Coat Systems, Deltek, Digital Insight, Global Healthcare Exchange, Hyland Software, PowerPlan, Qlik, Riverbed, SailPoint, SolarWinds, SonicWall, Sparta Systems and TravelClick. The firm has offices in San Francisco and Chicago. For more information, visit www.thomabravo.com.
Riskonnect is the trusted, preferred source of Integrated Risk Management technology, offering a growing suite of solutions on a world-class cloud computing model that enables organizations to anticipate and manage strategic and operational risks across the enterprise.