Riskonnect, a provider integrated risk management (IRM) solutions, said Thursday is acquired Ventiv Technology, a provider of risk, insurance and underwriting technology solutions.
“The acquisition adds substantial value for our customers, giving users of both companies access to a broader range of products and services that are intentionally designed to meet the diverse needs of modern risk management,” said Jim Wetekamp, Riskonnect’s CEO. “We’re bringing a value enhancing suite of tools to market that equips organizations to confidently answer the increasingly imperative question – ‘how at risk are we?’. Our complementary technologies and shared commitment to helping customers stay ahead of the rapidly evolving risk landscape positions all our key stakeholders for success.”
Terms of the deal were not disclosed. Private equity firm and Riskonnect majority investor, TA Associates (TA), supported the acquisition with additional investment capital. TA will continue as the majority owner.
Atlanta-based Riskonnect said its acquisition of Ventiv, which also calls Atlanta home, will enhance value for the more than 2,500 combined customers globally. Ventiv is known for its…
