Riskonnect, a Kennesaw, GA-based company which specializes in integrated risk management (IRM) solutions, acquired Ventiv Technology, an Atlanta, GA-based provider of risk, insurance, and underwriting technology solutions.
The amount of the deal was not disclosed.
The acquisition accelerates growth and innovation for Riskonnect and drives value for customers.
Led by CEO Salil Donde, Ventiv is a global provider of risk management information systems (RMIS), enterprise risk management (ERM), insurance claims, billing, and policy administration technology integrated with its analytics and predictive models. Its SaaS and on-premise solutions are deployed by insurers, brokers, insured corporate entities, federal and regional governments, public entities, third-party claims administrators (TPAs), and risk pools across a variety of industries, including transportation and logistics, retail, financial services, leisure and hospitality, energy, aviation, and manufacturing among several others.
Led by CEO Jim Wetekamp, Riskonnect is an integrated risk management software solution provider. The technology empowers organizations with the ability to anticipate, manage, and respond in real-time to strategic and operational risks across the extended enterprise. More than 2,500 customers across six continents use its risk-correlation technology to gain insights that deliver business outcomes.
Riskonnect has more than 1,100 risk management experts in the Americas, Europe, and Asia.
FinSMEs
12/01/2024