Announced
Synopsis
Thoma Bravo, the private equity investment firm, invested in Canada-based Cority, the trusted provider of environmental, health, safety and quality software. Previous majority investor Norwest Venture Partners will continue to retain a significant stake in the business and will re-invest over half of its proceeds. Financial terms were not disclosed. “We have tracked Cority’s success for years through our numerous investments in other segments of the broader Governance Risk and Compliance (GRC) market. With so many point solutions in the GRC market, we believe that Cority is unique in that it offers enterprise clients a single platform to manage their health, safety, environmental, sustainability, operational risk, and quality needs. We look forward to helping Mark and the team further invest to deepen and broaden Cority’s solutions.” Hudson Smith, Thoma Bravo Partner.
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