Riskonnect buys Ventiv

Riskonnect Inc., which is backed by private-equity firm TA Associates LP, said Thursday it has acquired rival Atlanta-based risk management information services provider Ventiv Technology Inc.

Terms of the transaction were not disclosed.

TA Associates provided additional capital for the acquisition and will continue as Riskonnect’s majority owner, the Atlanta-based risk management information systems provider said in a statement.

Riskonnect is an integrated risk management services provider. Ventiv’s services include claims administration and billing and policy solutions.

The entire Ventiv team will join Riskonnect, which has more than 1,200 employees in the Americas, Europe and Asia, according to the statement. Ventiv, which is backed by private-equity firm Tailwind Capital Group LLC, has 400 global employees. Salil Donde, former CEO of Ventiv, has left the company.

The combined company will have more than 2,500 customers globally.

Riskonnect has made a series of acquisitions in recent years. In 2022, it bought Castellan, a global provider of enterprise resilience management solutions, and Sword GRC, a governance, risk and compliance company based in the United Kingdom.

It acquired rival RMIS provider Marsh ClearSight, formerly a unit of Marsh LLC, in 2018.