Warwick-based health and safety software solutions specialist Rivo Software has been bought by investment firms Kennet Partners and Fidelity Growth Partners
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The eight year-old firm already boasts customers around the globe, with UK clients including BP, Crossrail and Thames Water, and claims to have over 140,000 users.
At the same time as the acquisition, its new backers are ploughing a significant amount of investment into the business with the aim of both supporting its worldwide growth plans and increasing wider awareness of reputation issues.
Also joining the firm is governance, risk and compliance expert and former FRSGlobal CEO Steve Husk, who is being parachuted in as executive chairman.
Rivo MD Ken Baxter said: “We are really excited about the acquisition by Kennet and FGPE. They have seen the amazing potential for our business to be a dominant global player and in addition to the capital investment, they also bring a wealth of expertise and a wide network.
“Their support will help us to extend our high levels of service to new clients around the world. It’s a great opportunity for the business and for our clients,” he added.
Image credit: Siri Stafford