Genstar Capital-backed Prometheus Group, a global provider of asset management operations and optimization software, has acquired RiskPoynt, a provider of risk management software.

RiskPoynt is a provider of services used to visualize the barrier health of assets in order to enable proactive management of incident mitigation activities. The firm enables its clients to test mitigation scenarios in order to enhance safety and optimization of resource allocation.

Prometheus integrates asset management software from planning and scheduling to safe work services. This deal represents the seventh add-on by Prometheus following its acquisition by Genstar in 2019.

“At RiskPoynt, we share Prometheus Group’s mission to help organizations protect their employees and maximize their efficiency,” says Tim Perman, CEO, RiskPoynt. “Our teams share a deep knowledge of the risk management space. By incorporating RiskPoynt’s solutions into the Prometheus Platform, we will expand and enhance the solutions and safety measures available to our customers.”