A WARWICK software company has expanded its global presence following an injection of funds from its new owners.
Rivo Software was acquired in June by private equity firms Kennet Partners and Fidelity Growth Partners Europe. Following the deal the two firms made a significant capital investment to support the growth of the business.
Rivo is a provider of environmental, health and safety, quality and loss prevention management software.
Founded eight years ago, the company helps businesses manage compliance and business risk through its cloud-based software.
The company's software is used in 82 countries and its clients include BP, Siemens, Thames Water and Veolia.
Rivo, based at the University of Warwick Science Park's Warwick Innovation Centre, already has an established office in Connecticut, but the investment has allowed it to open new offices in Cluj in Romania and in Singapore.
The 50-strong team in Warwick has also expanded at the WIC, taking on an additional unit. It now has 4,890 sq ft of offices at the centre.
Chris Bull, Rivo's business development manager, said the partnership with Kennet Partners and Fidelity Growth Partners Europe promised to take the business to another level on a global scale.
"Our existing locations in Warwick and Connecticut have allowed us to establish a gradually growing global presence but we now have the financial ability to dramatically accelerate that growth," he said.
"The technical and development centre in Cluj, Romania, gives us access to some of Eastern Europe's brightest and most skilled technical talent and complements our existing Warwick-based service delivery team perfectly.
"The establishment of our new Asia Pacific and Japan sales operation in Singapore is an important strategic achievement as we recognise that there is a significant opportunity that exists in the region."
He said this was the start of a substantial period of growth for the business which could lead to a further expansion of its 90-strong global workforce.
"The addition of a further unit at our Warwick HQ cements our commitment to continue to invest in the talent that exists in the UK and particularly the Midlands," he added.
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