U.S. private equity firm Riverside Co has acquired iView Systems, an Oakville, Ontario-based provider of public safety software solutions to the global gaming and hospitality markets. No financial terms were released for the deal, which will see iView combined with Omnigo Software, a St. Louis, Missouri-based provider of public safety, incident and security management solutions. Riverside, which has backed Omnigo since October 2016, said the acquisition will extend the company’s position in the gaming and hospitality verticals. In a separate release, Omnigo said iView’s operations will remain located in Canada.
Riverside Programs More Growth for Omnigo
November 16, 2017
Firm Adds iView Systems to Omnigo Software
The Riverside Company has added iView Systems (iView) to its Omnigo Software platform. Based in Toronto, Canada, iView is the leading provider of public safety software solutions within the gaming and hospitality markets, enabling security and surveillance personnel to properly manage their day-to-day responsibilities, respond to incidents as they occur, manage incidents after they occur, and comply with regulatory and internal compliance and reporting requirements.
“iView has an incredibly strong product offering and is the go-to provider for security and safety software solutions within the gaming and hospitality markets. Through this acquisition, Omnigo Software has extended its market-leading position as a provider of public safety and security management software and services to these key verticals,” said Riverside Managing Partner Loren Schlachet. “We are excited about iView’s strong track record of innovation and we believe the combination of these industry-focused offerings will strengthen both companies and add tremendous value for customers.”
iView provides best-in-class software that strengthens security measures by mitigating risk and liability through the analysis and reporting of evidence, activities and events while providing a complete audit trail for accountability, compliance and enforcement. iView has developed market leading solutions that enable its customers to manage security, surveillance, risk management and related functions more efficiently and effectively.
“This acquisition allows Omnigo Software to leverage the strong product offerings of both Omnigo and iView to continue to provide outstanding solutions to all of its customers across the law enforcement, education, healthcare, corporate, gaming and hospitality markets,” said Riverside Partner Joe Lee. “Public safety continues to be top of mind for the employees, students, and visitors of our customers and the combination of Omnigo and iView creates a one-of-a-kind platform that can leverage its unique position to accelerate innovation and fulfill the company’s mission of creating safer tomorrows.”
As it builds on a track record of more than 80 software investments, Riverside continues to seek complementary add-on acquisitions for Omnigo Software.
Working with Schlachet and Lee on the deal for Riverside were Principal Steve Rice, Assistant Vice President Jason Thorn, Operating Partner Jonathan Temple and Finance Director Mark Pigott. Principal Dan Haynes helped secure financing for the deal and Senior Associate Stephen O’Hara sourced the deal for the firm.
Deepath Capital Management provided debt financing for the transaction. Jones Day and Cassels Brock provided legal counsel, Deloitte provided accounting diligence services and West Monroe provided technology diligence services for Riverside on the transaction.
The Riverside Company
The Riverside Company is a global private equity firm focused on making control and non-control investments in growing businesses valued at up to $400 million. Since its founding in 1988, Riverside has invested in more than 490 transactions. The firm’s international portfolio includes more than 80 companies.
The Riverside Company
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Photo courtesy of Reuters/Steve Marcus