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

CHICAGO–(BUSINESS WIRE)–#ERMTechnology—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.

Contacts

for Origami Risk LLC
Al Modugno, 917-414-4569
[email protected]