Thoma Bravo LLC is purchasing Riskonnect Inc., a risk management technology provider for small and large businesses, for an undisclosed amount. The private equity firm's investment is intended to help broaden the target’s product portfolio and software services.
Founded in 2007, Kennesaw, Georgia-based Riskonnect offers technology that provides auditing, incident management, insurance, and regulatory insight into the operational risks of a company to more than 250 clients. The target’s risk management software integrates with a variety of businesses across multiple industries. Riskonnect’s three co-founders will retain a minority stake in the business.