Announced
Completed
Financials
Tags
United States
catastrophe modeling software
software development
Software
Acquisition
Domestic
Completed
Minority
Private Equity
Private
Friendly
Single Bidder
Synopsis
TA Associates, a global private equity firm, completed the investment in KatRisk, a global catastrophe modeling software company. Financial terms were not disclosed. "We couldn’t be more excited to work alongside TA to expand our product offerings and better serve our clients with additional resources. Our recent 5.0 release of SpatialKat covers Australia & New Zealand with TC wind, storm surge, inland flood and hail (US). We are also working to add more perils, such as wildfire & tornado, that we plan to release soon via hazard maps, APIs, our location-level loss product SoloKat, and our industry-leading SpatialKat platform. We are grateful to our clients for their continued collaboration as we begin the next chapter of our growth journey," Dag Lohmann, KatRisk CEO.
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