Nordic Capital announced it has acquired a majority stake in ActiveViam to support its next phase of growth. This investment is made in partnership with ActiveViam’s founders and management who will invest alongside Nordic Capital.
ActiveViam is a major provider of advanced analytics and decision-making solutions for financial institutions, including risk analytics and regulatory compliance software. And the technology is purpose-built, scalable and handles massive datasets in sub-seconds. Launched in 2005 by industry experts, ActiveViam understands the data analytics faced by financial institutions across trading desks, risk and compliance, and its track differentiated core technology outperforms horizontal data aggregation and analytics tools.
ActiveViam offers a wide range of financial services organizations: Tier 1 and Tier 2 banks, hedge funds, asset managers, exchanges and regulators. And the company has lined up an extensive group of technology, system integrator, go-to-market and OEM partners, including Google, Accenture, AWS, Deloitte, ClickHouse, S&P Global, Snowflake, and Wolters Kluwer.
As an experienced investor in the banking software sector, Nordic Capital aims to utilize its extensive expertise to scale the continued high organic growth of ActiveViam, by investing in the organization, driving continued excellence in R&D and new products, and by supporting partnerships and M&A.
Nordic Capital has over 30 years’ experience of accelerating growth of innovative companies and is set to utilize its deep sub-sector and operational knowledge to create value and further boost the company’s ambitious growth plans. And as a leading specialized Technology & Payments investor globally, Nordic Capital has to date made 29 technology investments in companies with an aggregate enterprise value of close to EUR 24 billion.
As part of the deal, Guidepost Growth Equity, which first invested in ActiveViam in 2019, will sell all its shares.
Raymond James was the exclusive financial advisor to ActiveViam on this transaction and Broadhaven acted as financial advisor to Nordic Capital.
The parties agreed that the terms of the transaction will not be disclosed. And the deal was completed on February 27, 2024.
KEY QUOTES:
“We are impressed by the ActiveViam team and what they have achieved: they empower financial organizations to reduce risk and increase revenue by making better decisions, faster. Forty percent of Tier 1 banks worldwide work with ActiveViam technology, and the company has an especially strong footprint in Europe and North America. With Nordic Capital’s prior experience in banking software, network of senior advisors, and internal operations resources, Nordic Capital is well positioned to support ActiveViam in its next stage of growth. Nordic Capital is excited about partnering with the founders and management to continue the company’s remarkable growth journey.”
– Emil Anderson, Partner, Nordic Capital Advisors
“Nordic Capital’s investment is a great opportunity for ActiveViam and great news for our clients, partners and employees. As a large and respected private equity investor, Nordic Capital deploys its significant operational expertise, strategic capabilities and inventive approach to accelerate the growth of the technology leaders it invests in. Nordic Capital recognizes the power, speed and flexibility of the technology our team has created for our financial services clients, and we look forward to their support as we make further advancements and explore acquisition opportunities.”
– Kathy Perrotte, CEO and Co-Founder, ActiveViam
