Cinven, an international private equity firm, has purchased Archer Technologies from Clearlake Capital Group LP and Symphony Technology Group.

Founded in 2000 and headquartered in Overland Park, Kan., Archer is an integrated risk management (IRM) cloud software services company with products for compliance, governance, security, audit and ESG. Under Clearlake’s and STG’s ownership, Archer worked to drive customer satisfaction and launched new product offerings that looked to expand the company’s market with a focus on ESG risk quantification and modeling.

“With a portfolio of leading end-to-end software solutions alongside a history of product innovation, we believe Archer is well positioned to capitalize on emerging growth trends in global risk and compliance software markets,” states Julia Kahr, partner and head of North America, and Daniel Garin, senior principal, at Cinven. “As an independent scaled platform, Archer is strategically differentiated in the IRM market, and we’re excited to partner with the management team to help Archer accelerate growth through both organic and inorganic initiatives.”

Goldman Sachs & Co. LLC and Morgan Stanley and Co. LLC acted as financial advisors to Archer. Sidley Austin LLP provided legal counsel to Archer, Clearlake, and STG.