CERIVO
A LEADING SCANDINAVIAN GRC PLATFORM UNITING COMPLEMENTARY PRODUCT OFFERINGS
TRIPLE HAS ACQUIRED A MAJORITY STAKE IN RISMA, WIRED RELATIONS AND COMPLYCLOUD
Vertical | Governance, Risk & Compliance
Headquarters | Copenhagen, Denmark
Investment date | August 2025
Fund | Triple Private Equity Fund I
Status | Current
Contact | Anders Brejner, anders.brejner@triple.pe
Triple consolidated an established albeit fragmented market by combining the three Danish GRC businesses, RISMA Systems, Wired Relations, and ComplyCloud, into the new brand Cerivo to create a leader in Scandinavia with a proven and embedded highly compelling offering for the mid market.
Under Triple’s ownership, the platform completed a bolt-on acquisition with Openli, further strengthening Cerivo’s position as a leading GRC player in Scandinavia.
The combined businesses specialise in Privacy and InfoSec solutions for companies addressing increasingly complex regulatory requirements and standards such as GDPR and ISO. The platform serves over 1,000 customers across Europe.
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THE COMPANY
TRIPLE INVESTMENT ORIGINS
Triple identified three attractive businesses in a highly fragmented market, and the founders were seeking a catalyst for their next phase of growth. Triple was identified as the ideal partner due to its sub-sector specialization and focus on value creation.
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FIT WITH TRIPLE’S INVESTMENT CRITERIA
Cerivo aligns perfectly with Triple’s investment criteria as a leading solution within the governance, risk and compliance software sector in a fragmented market ripe for consolidation. Additionally, Triple’s emphasis on value creation will be crucial in integrating and scaling the businesses.
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TRIPLE DIFFERENCE
We leveraged our local network and sub-sector expertise to identify this opportunity, engaging in three parallel off-market dialogues with RISMA Systems – a listed business (public-to-private) – and the two founder-owned businesses, Wired Relations and ComplyCloud.