Union Square Advisors Serves as Exclusive Financial Advisor to Ventiv Technology in its Sale to Riskonnect

in its sale to
Business/Productivity Software
Financial Software

Demonstrates Union Square Advisors’ extensive platform in providing comprehensive advisory services to leading companies and investors in the risk management and GRC sectors

Union Square Advisors served as the exclusive financial advisor to Ventiv Technology, a market-leading provider of risk, insurance and underwriting technology solutions, in its January 11, 2024 sale to Riskonnect, the leader in integrated risk management (IRM) solutions. Riskonnect is a TA Associates portfolio company.

Riskonnect’s acquisition of Ventiv will enhance value for its 2,500+ combined customers globally. Ventiv is known for its innovation in RMIS Analytics (Artificial Intelligence/Machine Learning, Benchmarks, Geospatial), claims administration, billing, and policy solutions. Customers rely on Riskonnect for the breadth and depth of its integrated risk management platform. The combined offerings will create a comprehensive suite of risk management tools that streamlines data management, provides actionable insights tailored to specific business sectors, and turns risk into a strategic advantage.

“We’re thrilled to welcome the entire Ventiv team to Riskonnect. 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.”

The companies’ combined expertise and technology across incident tracking, claims administration, claims management, governance, risk, and compliance (GRC), business continuity and resilience, and predictive analytics creates a one-stop-shop for organizations seeking end-to-end risk solutions.

“We share Riskonnect’s mission to transform the way companies manage risk,” said Salil Donde, Ventiv’s CEO. “Pooling our resources and expertise enables us to continue to innovate on AI-driven predictive analytics and expand our reach globally to best serve the present and future needs of our customers.”

Riskonnect’s current majority investor, TA Associates (TA), a leading global private equity firm, supported the acquisition of Ventiv with additional investment capital. TA will continue as the majority owner.

Union Square Advisors LLC served as the exclusive financial advisor to Ventiv and Davis Polk & Wardwell served as legal advisor. Kirkland & Ellis LLP served as legal advisor to Riskonnect.

“Union Square Advisors is incredibly pleased to partner with the Ventiv team as we continue to expand our presence and influence in the risk management software space,” said Carter McClelland, Chairman at Union Square Advisors.

For more information, read the full press release here.

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