Risk analytics provider Numerix has been bought by private equity (PE) firm Genstar Capital.
Founded in 1996, the company currently has 19 international offices and 225 clients in 26 countries.
“We’ve always had a clear vision for the organisation,” said Numerix president and CEO Steven O’Hanlon.
“Together with Genstar… we look forward to expanding our footprint across the entire value chain in the front-to-risk market.”
Financial details of the transaction were not disclosed, but it is yet another example of PE companies investing in fintechs and the risk analytics space.
The fintechs recently acquired by PE firms include data management provider GoldenSource and wealth management platform FNZ.
© 2022 fundstech
