M&A Deal Summary

Riskonnect Acquires Castellan

On July 12, 2022, Riskonnect acquired software company Castellan from Resurgens Technology Partners

Acquisition Highlights
  • This is Riskonnect’s 4th transaction in the Software sector.
  • This is Riskonnect’s 4th transaction in the United States.
  • This is Riskonnect’s 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2022-07-12
Target Castellan
Sector Software
Buyer(s) Riskonnect
Sellers(s) Resurgens Technology Partners
Deal Type Add-on Acquisition

Target

Castellan

Audubon, Pennsylvania, United States
Castellan is a provider of resilience management solutions – spanning consulting, software, managed services, and staffing. Leveraging a proprietary proven process for driving organizational readiness and response, Castellan partners with clients to establish a clear vision, drive real results, and provide ongoing support from their community of resilience experts. Castellan was founded in 2020 and is based in Audubon, Pennsylvania.

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Buyer(S) 1

Buyer

Riskonnect

Kennesaw, Georgia, United States
Category Company
Founded 2007
Sector Software
DESCRIPTION

Riskonnect is a provider of integrated risk management software. The Company develops and markets a suite of software solutions on a cloud computing model, helping clients elevate their risk management programs, safety solutions, and programs for the management of risks across the enterprise. It provides the risk management industry with the configurable solutions needed to reduce losses, control risk, and affect shareholder value. Riskonnect was founded in 2007 and is based in Kennesaw, Georgia.

DEAL STATS #
Overall 6 of 8
Sector (Software) 4 of 6
Type (Add-on Acquisition) 4 of 6
State (Pennsylvania) 1 of 1
Country (United States) 4 of 5
Year (2022) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-28 Sword GRC

Berkshire, United Kingdom

Sword GRC provides an award-winning platform for Governance, Risk, and Compliance, made up of best-of-breed solutions that address the requirements of all enterprise market sectors. With a long and distinguished heritage, the company brings together a suite of complementary products in the GRC space available either as a cloud solution or standalone on-premises installations. Formed in 1987, Sword GRC has offices in the UK, USA, Singapore, and Australia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-11 Ventiv Technology

Atlanta, Georgia, United States

Ventiv Technology is a software provider of Integrated Risk Management (“IRM”) solutions for enterprises and government entities. Its software platform enables enterprises to manage incidents and claims and evaluate, mitigate, and monitor risks with analytics, data-discovery, and reporting capabilities. Ventiv Technology. was founded in 1994 and is based in Atlanta, Illinois.

Buy -

Seller(S) 1

SELLER

Resurgens Technology Partners

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2016
PE ASSETS 700M USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

Resurgens Technology Partners is a private equity firm focused on acquiring software and technology-enabled service companies. The Firm targets businesses with $5 to $30 million of recurring revenue and will consider opportunities throughout North America. Specific areas of interest include enterprise software, information services, and analytics. Resurgens has a preference for founder-owned companies with potential for market leadership. Resurgens Technology Partners was established in 2016 and is headquartered in Atlanta, Georgia.

DEAL STATS #
Overall 2 of 2
Sector (Software) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (Pennsylvania) 1 of 1
Country (United States) 2 of 2
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-27 Case IQ

Ottawa, Ontario, Canada

Case IQ is a provider of case management solutions that help companies manage the process and workflow of investigators collecting and analyzing information related to a case, with the goal of resolving issues, managing risk, and identifying opportunities for improvement. With a diverse customer base of over 450 entities spanning a broad array of industries, the company’s software is purpose-built to streamline the case management process and has the capability to be a full suite positioned across an entire enterprise. Case IQ was founded in 1999 and is based in Ottawa, Ontario.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-14 Wellspring

Chicago, Illinois, United States

Wellspring is a provider of technology transfer and technology scouting software. Wellspring software supports the entire innovation process, from defining strategic areas of interest to investigating opportunities to commercializing results. Wellspring was founded in 2003 and is based in Chicago, Illinois.

Buy -
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