RapidRatings Secures $30 Million Growth Equity Investment from FTV Capital
September 11, 2018
Financial health analytics pioneer to continue investing in platform enhancements and global expansion as it transforms enterprise and financial risk management
New York, NY – September 11, 2018: RapidRatings, the leader in financial health analytics, today announced the completion of a $30 million growth investment from FTV Capital, a growth equity firm specializing in innovative enterprise technology and services companies. As part of the transaction, Kyle Griswold, FTV Capital partner, has joined the RapidRatings board of directors. LLR Partners remains a shareholder and on the company’s board.
RapidRatings’ Financial Health System (FHS) is used by hundreds of Fortune 1000 companies to understand the financial health of third parties: suppliers, customers, underwriting counterparties, borrowers and investors. Enterprises are demanding deeper analysis and actionable insights into the large volume of data associated with their public and private third-parties. Unlike traditional ratings providers, the FHS utilizes a robust, proprietary algorithm-based technology based on current financial data. The result is accurate, objective and forward-looking insight to enable risk, procurement and credit professionals to gain transparency, build stronger and more resilient third-party relationships, and to make business decisions with better and consistent outcomes.
“RapidRatings continues to experience significant market adoption and rapid growth among existing and new enterprise clients worldwide for which we now rate public and private companies from 135 countries around the world,” said James H. Gellert, RapidRatings Chairman and CEO. “Given our roadmap for technology innovation, a growing network of strategic partners, and increasing client needs, this is the right time for RapidRatings to accelerate its growth. We have long admired FTV Capital’s track record in helping innovative enterprise tech and services businesses successfully scale and extend market leadership positions, and we’re truly excited to team with them for this next stage of RapidRatings’ evolution.”
“RapidRatings’ unique approach and proprietary platform is solving a massive pain point, especially as credit, supply chain and third-party risk management requirements grow in complexity,” said Kyle Griswold, partner at FTV Capital. “Business disruptions, regulatory pressure and consolidation of supply chains, for example, are driving the heightened importance of counterparty risk management across industries. Many of the financial institutions in FTV’s Global Partner Network® rely on RapidRatings’ Financial Health Ratings to assess company risk because of the sophisticated rigor and reliability of the FHR® solution and the consistently high quality service provided by the company. We are thrilled to be partnering with James and the RapidRatings team to help meet this significant market need and drive continued growth.”
Marlin & Associates advised RapidRatings on this investment.
About FTV Capital
FTV Capital is a growth equity investment firm that has raised over $2.7 billion to invest in high-growth companies offering a range of innovative solutions in three sectors: enterprise technology & services, financial services, and payments & transaction processing. FTV’s experienced team leverages its domain expertise and proven track record in each of these sectors to help motivated management teams accelerate growth. FTV also provides companies with access to its Global Partner Network®, a group of the world’s leading enterprises and executives who have helped FTV portfolio companies for two decades. Founded in 1998, FTV Capital has invested in 105 portfolio companies, including enterprise technology and services companies A-LIGN, Aveksa (acquired by EMC/RSA in 2013), Centro, Empyrean Benefit Solutions, Globant (2014 IPO), MarketShare (acquired by Neustar in 2015), Mu Sigma (sold to shareholders 2012), Perfecto, ReliaQuest, Sitehands and Trustwave (acquired by SingTel in 2015). FTV has offices in San Francisco and New York. For more information, visit www.ftvcapital.com.
RapidRatings® is transforming the way the world’s leading companies manage enterprise and financial risk. RapidRatings provides the most sophisticated analysis of the financial health of public and private companies in the world. The company’s analytics system provides predictive insights into third-party partners, suppliers, vendors, customers and securities issuers. Every business conversation becomes more productive, transparent and efficient with the RapidRatings’ Financial Health System. For more information, visit www.rapidratings.com.