Sphera Solutions Acquires Health and Safety Specialist Rivo Software.
11 April 2017 - US-based operational excellence software and information services company Sphera Solutions has acquired UK-based cloud-based environmental, health, safety, and risk management software provider Rivo Software, the company said.
The acquisition serves to expand Sphera's portfolio of cloud-based applications, enhance its breadth of health and safety software solutions and services, and further increase its global presence.
Importantly, Sphera is expanding its deep talent base of software developers and industry experts with Rivo's experienced software development and product teams.
With a suite of mobile solutionsoperated through apps for iOS, Android and Windows mobile platform, Rivo helps brands manage incidents, audits and inspections, corrective actions, and other corporate risk and compliance reporting.
The company has a predominant presence across Europe, the Middle East, and Asia-Pacific.
Rivo's software expands Sphera's cloud-based applications by delivering valuable new product features, functionality and technology to both Sphera and Rivo customers.
Sphera is a portfolio company of Genstar Capital, a middle-market private equity firm, which acquired the OERM business (now Sphera) from IHS Markit in June 2016.
Prior to the acquisition, Rivo was backed by technology investors Kennet Partners and Eight Roads Ventures.
Marks Baughan Securities acted as exclusive financial adviser to Rivo Software Ltd. Financial terms of this transaction were not disclosed.
Sector: Computer Software
Target: Rivo Software
Buyer: Sphera Solutions
Vendor: Kennet Partners and Eight Roads Ventures
Deal size in USD:
Buyer advisor: , ,
Comment: Terms of the deal were not disclosed
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|Publication:||M & A Navigator|
|Date:||Apr 11, 2017|
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