Patrick J. O’Neill recently interviewed Origami Risk’s CEO, Bob Petrie, to understand more about the recent transaction, and how it differs from previous investments in the industry. As the RMIS industry continues to evolve, shifts are happening with more than just technology. According to a recent article by Redhand Advisors, a management consulting firm, there has been an increase in activity from private equity firms. Ten years ago, brokers were the largest investors in RMIS businesses, however, the market has shifted and now three private equity firms have made investments in RMIS firms. As was announced in March, Origami Risk recently received an investment from Spectrum Equity, a leading growth equity firm. Representing a minority position, this is the first institutional capital in the company, which will facilitate access to additional insights and resources, as well as the ability to selectively pursue accretive acquisitions. Read the full article here.
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