Cinven to acquire Archer
International private equity firm Cinven today announces that it has reached an agreement to acquire Archer, a leading 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.
Bill Diaz, Chief Executive Officer at Archer, commented:
“Cinven has a strong track record of driving value in software businesses and they are the ideal partner to support Archer’s next phase of growth. This partnership with Cinven will allow us to capitalize on significant growth opportunities both organically and through strategic acquisitions and further accelerate our leading position to the benefit of our customers, employees and all stakeholders.”