News

Spectrum Equity has invested in Origami Risk. Financial terms weren’t announced. Spectrum has a minority stake. Origami Risk, of Chicago, is a risk and insurance Software as a Service (SaaS) technology firm.

PRESS RELEASE

Origami Risk Receives Growth Investment from Spectrum Equity

Mission-critical enterprise SaaS risk management software provider poised for accelerated growth

Chicago, IL – March 19, 2018, 07:00 ET – Origami Risk, the industry leading risk and insurance Software as a Service (SaaS) technology firm, announced today that it has received an investment from Spectrum Equity, a leading growth equity firm. Representing a minority position, this is the first institutional capital in the company, which will facilitate access to additional insights and resources, as well as the ability to selectively pursue accretive acquisitions.

Origami Risk has grown to become the preeminent risk and insurance technology platform serving all members of the risk management community from insured corporate and public entities, to insurance carriers, brokers, TPA’s and risk consultants. The company provides an integrated platform of products including RMIS, GRC, Claims, Safety, Analytics, Underwriting and Data Tools. Origami Risk has the most experienced team in the RMIS industry, ensuring that client service and success is the central focus of each engagement. The company is led by CEO and Co-Founder Robert Petrie, who is an industry veteran and thought leader with over 20 years of operating experience.

“We are excited to partner with Spectrum Equity and look forward to leveraging Spectrum’s expertise with SaaS businesses and domain knowledge of risk and information services sectors,” said Robert Petrie, CEO of Origami Risk. “Our singular focus on client success will continue to drive our innovation and business model, which has always centered on delivering the best available technology and deeply skilled experts in order to help our customers meet their business objectives.”

Mike Farrell, Spectrum Equity Managing Director, said, “The Origami Risk management team has built an innovative, high growth business, and we have been continuously impressed with their accomplishments while getting to know them over the last five years.  We are thrilled to support the team as they continue to invest in the industry’s leading RMIS platform and provide strategic insights to help achieve the company’s vision of continued leadership in risk and insurance technology.”

Financial terms of the transaction were not disclosed.

About Origami Risk

Origami Risk LLC was founded by industry veterans committed to designing intuitive web-based software that streamlines how risk, insurance and claims data is collected, analyzed and shared—ultimately helping users to be more productive and manage the total cost of risk for their organizations or for their clients. Origami Risk is consistently ranked by users as the top RMIS provider by users, as well as independent third parties. To learn more about Origami Risk, visit www.origamirisk.com, or contact Origami at [email protected].

About Spectrum Equity

Spectrum Equity is a leading growth equity firm providing capital and strategic support to innovative companies in the information economy. For 25 years, the firm has partnered with proven entrepreneurs and management teams to build long-term value in market-leading software, information services and Internet companies. Representative investments include Ancestry, Bats Global Markets, Definitive Healthcare, GoodRx, Seamless Grubhub, Lynda.com, SurveyMonkey, Verafin and World-Check. For more information, visit www.spectrumequity.com.