Bloom Equity Partners Acquires RightCrowd (PIAM Software Business)
October 2, 2023
Bloom Equity Partners completed a buyout of RightCrowd's Workforce Access Software and Presence Control businesses via a carveout of RightCrowd Software Pty Ltd. and RightCrowd NV from ASX-listed RightCrowd Limited. The deal (approved August 24, 2023 and closed in late September 2023) gives Bloom a platform in physical identity and access management (PIAM) software, while the remaining cyber-focused business within the listed entity will be rebranded Gathid Limited.
- Buyers
- Bloom Equity Partners
- Targets
- RightCrowd, RightCrowd Software Pty Ltd, RightCrowd NV
- Sellers
- RightCrowd Limited (ASX:RCW)
- Industry
- Cybersecurity
- Location
- Queensland, Australia
- Transaction Type
- Buyout
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