Riskonnect to Acquire Marsh ClearSight
Summary
“Today’s organizations face intensified and increasing risks from internal and external sources and need a visionary partner to help them tackle this challenge strategically and cost-effectively,” said Jim Wetekamp, CEO of Riskonnect.“This transaction creates a highly attractive global organization covering the full scope of integrated risk management that is able to serve the broadest range of industries in the market.We’re incredibly excited about Riskonnect’s opportunity to continue serving the evolving risk management needs of both current and future customers,” said Hudson Smith, a Partner at Thoma Bravo.With a series of funds representing more than $20 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 Datatel, Digital Insight, Entrust, SonicWall, SailPoint, Hyland Software, Deltek, Blue Coat Systems, Bomgar, Barracuda Networks, Compuware and SolarWinds.
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