Bishopsgate advises on the sale of Risk Decisions Group to Lumivero
Location
Sector
Deal Type
Value
Bishopsgate Corporate Finance is delighted to announce the completion of another successful sale of an international software business to a US based private equity backed strategic buyer.
Bishopsgate advised the shareholders of Oxford based Risk Decisions Group, the developer of the Predict! suite of software on its sale to Lumivero, LLC, a global leader in data-intelligence software.
Risk Decisions’ Predict! suite offers modern, enterprise-wide risk management software designed to manage risks across projects, programs, assets, operations, portfolios, and strategic business levels. The group has operations in the UK, Australia and Canada, supplying an international portfolio of blue-chip customers.
This strategic acquisition strengthens the value proposition of Lumivero’s integrated risk-management solutions and enables comprehensive risk-informed decision-making.
Morgan Atherton, Ed Wesson and Darren Hagan of Bishopsgate Corporate Finance were lead advisors on the deal.
Bishopsgate Advisors
Morgan Atherton
Ed Wesson
Darren Hagan
Val Jonas – CEO, Risk Decisions
We are very pleased with this new partnership and excited to work with Lumivero going forward to further develop and grow our Predict! software suite into new markets and geographies as demand for sophisticated risk and opportunity management continues to accelerate globally.
We are grateful to Bishopsgate for their expertise and guidance in helping us prepare for this important transaction and identifying and securing the ideal strategic acquiror for the group.
Gareth Morrison – CEO, Lumivero
We are excited to deliver to our customers expanded capabilities that will allow users to manage risks proactively and achieve better outcomes.
Morgan Atherton – Partner, Bishopsgate Corporate Finance
It’s been an absolute pleasure to support Val and the team at Risk Decisions in this important strategic transaction. Val has built an international, market leading software business in a complex and highly regulated market sector and as such, it attracted the interest of a number of global players in the GRC software space. This was a complex international deal to navigate through and we’re delighted to have steered it successfully over the line. We wish Val and the team, and Lumivero, every continued success going forward.
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