Key Takeaways
- • Mid-market private equity firm Tailwind Capital has acquired Ventiv Technology, a global software provider of integrated risk management solutions, according to FinTech Global.
- • Tailwind plans to support Ventiv's growth through accelerated sales and marketing, new product development, geographic expansion, and mergers and acquisitions activity.
- • Ventiv, which is US-headquartered, sells software for managing incidents and claims, evaluating and monitoring risk, and administering claims and insurance policies.
- • Tailwind partner Jim Hoch cited Ventiv's management team, product suite, and high client satisfaction as reasons for the investment in the attractive IRM market.
- • The article does not disclose the purchase price or financial terms of the transaction.
Summary
Mid-market private equity firm Tailwind Capital has acquired Ventiv Technology, a global software provider of integrated risk management solutions, according to FinTech Global. The article does not disclose the transaction's value or other financial terms.
Tailwind intends to support Ventiv's growth by accelerating its sales and marketing efforts, expanding its product capabilities, and entering new geographies. The firm will also assist with mergers and acquisitions.
US-headquartered Ventiv offers enterprise software for managing incidents and claims, and for evaluating, mitigating, and monitoring risks using analytics, data discovery, and reporting tools. Other solutions let clients administer claims and insurance policies. The company says its technology can automate manual processes, enhance analytics, reduce claim costs, streamline end-to-end underwriting, and improve data discovery. Earlier in the year, Ventiv released a legal management solution that gives legal departments visibility into legal matters and lets claims administrators link legal matters to corresponding claims. The platform uses customer-configured access-level permissions to support data privacy compliance.
Tailwind partner Jim Hoch said the firm was impressed by Ventiv's management team and robust product suite, which he said positions the company favourably in the attractive IRM market. He credited the company's innovative software and collaborative customer approach with building an industry reputation for excellence and high client satisfaction.
Tailwind intends to support Ventiv's growth by accelerating its sales and marketing efforts, expanding its product capabilities, and entering new geographies. The firm will also assist with mergers and acquisitions.
US-headquartered Ventiv offers enterprise software for managing incidents and claims, and for evaluating, mitigating, and monitoring risks using analytics, data discovery, and reporting tools. Other solutions let clients administer claims and insurance policies. The company says its technology can automate manual processes, enhance analytics, reduce claim costs, streamline end-to-end underwriting, and improve data discovery. Earlier in the year, Ventiv released a legal management solution that gives legal departments visibility into legal matters and lets claims administrators link legal matters to corresponding claims. The platform uses customer-configured access-level permissions to support data privacy compliance.
Tailwind partner Jim Hoch said the firm was impressed by Ventiv's management team and robust product suite, which he said positions the company favourably in the attractive IRM market. He credited the company's innovative software and collaborative customer approach with building an industry reputation for excellence and high client satisfaction.
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