International private equity firm Cinven has reached an agreement to acquire Archer, a Kansas, US-based provider of integrated risk management solutions, from RSA Security, a portfolio company of Clearlake Capital Group, L.P. and Symphony Technology Group.
Financial terms of the transaction were not disclosed.
Founded in 2000 and led by Bill Diaz, Chief Executive Officer, Archer is a provider of governance, risk and compliance (‘GRC’) software globally. Its solutions support its customer base of large and mid-sized enterprises to improve their strategic decision-making and operational resilience. The company has international operations in Europe, the Middle East, and APAC, with European expansion a strategic priority. Archer’s customer base include more than 1,200 customers.
Through this transaction, Cinven will support the long-term strategic growth of Archer’s integrated software platform as a standalone business following the initial carve-out from RSA Security. Cinven will work in close partnership with management to continue internationalising the business, including executing opportunities to expand Archer’s presence in key markets and verticals across both North America and Europe.
Upon the close of the transaction, Bill Diaz will continue to lead the business as Chief Executive Officer alongside the existing Archer leadership team.
FinSMEs
13/04/2023