Thoma Bravo Announces Strategic Growth Investment with Acquisition of Riskonnect

On June 7, 2017, Thoma Bravo LLC, a leading private equity firm focused on the software and technology-enabled services sectors, announced a strategic growth investment with its acquisition of Riskonnect Inc. As part of the agreement, Riskonnect’s founders, Bob Morell and Antonio Dabraio will retain a significant minority stake in the business and Jim Foster, Riskonnect’s company president and Chief Operating Officer, will become the Chief Executive Officer providing continuity.

The investment recognises Riskonnect’s strong momentum and will help the rapidly growing company expand and broaden its software platform. Thoma Bravo’s investment will better position the company to accelerate investments in its integrated risk management platform and take advantage of the converging use cases across traditional risk management (RMIS), governance, risk, and compliance (GRC), and environmental, health, and safety (EHS) functionality.

The transaction is expected to close by the end of the second quarter of 2017. Financial details were not disclosed. Financial Technology Partners LP and FTP Securities LLC (collectively, “FT Partners”), served as exclusive financial and strategic advisor to Riskonnect, and Dentons acted as Riskonnect’s legal advisor. Thoma Bravo was advised by Kirkland & Ellis.