FTV Management Company, L.P.
  • News
  • Insights
  • Company
  • Growing Companies
    • Overview
    • FTV Propel
  • Global Partner Network®
    • Overview
    • Strategic Advisory Board
  • Team
  • Portfolio
Investor Portal
Port Co Hub

Search

FTV News

RapidRatings Secures $30 Million Growth Equity Investment from FTV Capital

09.11.2018
Share this...
  • Linkedin
  • Twitter
  • Facebook
  • Email

Financial Health Analytics Pioneer to Continue Investing in Platform Enhancements and Global Expansion as It Transforms Enterprise and Financial Risk Management

New York, NY – RapidRatings, the leader in financial health analytics, today announced the completion of a $30 million growth investment from FTV Capital, a growth equity firm specializing in innovative enterprise technology and services companies. As part of the transaction, Kyle Griswold, FTV Capital partner, has joined the RapidRatings board of directors. LLR Partners remains a shareholder and on the company’s board.

RapidRatings’ Financial Health System (FHS) is used by hundreds of Fortune 1000 companies to understand the financial health of third parties: suppliers, customers, underwriting counterparties, borrowers and investors. Enterprises are demanding deeper analysis and actionable insights into the large volume of data associated with their public and private third-parties. Unlike traditional ratings providers, the FHS utilizes a robust, proprietary algorithm-based technology based on current financial data. The result is accurate, objective and forward-looking insight to enable risk, procurement and credit professionals to gain transparency, build stronger and more resilient third-party relationships, and to make business decisions with better and consistent outcomes.

“RapidRatings continues to experience significant market adoption and rapid growth among existing and new enterprise clients worldwide for which we now rate public and private companies from 135 countries around the world,” said James H. Gellert, RapidRatings chairman and CEO. “Given our roadmap for technology innovation, a growing network of strategic partners, and increasing client needs, this is the right time for RapidRatings to accelerate its growth. We have long admired FTV Capital’s track record in helping innovative enterprise tech and services businesses successfully scale and extend market leadership positions, and we’re truly excited to team with them for this next stage of RapidRatings’ evolution.”

“RapidRatings’ unique approach and proprietary platform is solving a massive pain point, especially as credit, supply chain and third-party risk management requirements grow in complexity,” said Kyle Griswold, partner at FTV Capital. “Business disruptions, regulatory pressure and consolidation of supply chains, for example, are driving the heightened importance of counterparty risk management across industries. Many of the financial institutions in FTV’s Global Partner Network® rely on RapidRatings’ Financial Health Ratings to assess company risk because of the sophisticated rigor and reliability of the FHR® solution and the consistently high quality service provided by the company. We are thrilled to be partnering with James and the RapidRatings team to help meet this significant market need and drive continued growth.”

Marlin & Associates advised RapidRatings on this investment.

About FTV Capital

FTV Capital is a growth equity investment firm that has raised over $2.7 billion to invest in high-growth companies offering a range of innovative solutions in three sectors: enterprise technology & services, financial services, and payments & transaction processing. FTV’s experienced team leverages its domain expertise and proven track record in each of these sectors to help motivated management teams accelerate growth. FTV also provides companies with access to its Global Partner Network®, a group of the world’s leading enterprises and executives who have helped FTV portfolio companies for two decades. Founded in 1998, FTV Capital has invested in 105 portfolio companies, including enterprise technology and services companies A-LIGN, Aveksa (acquired by EMC/RSA in 2013), Centro, Empyrean Benefit Solutions, Globant (2014 IPO), MarketShare (acquired by Neustar in 2015), Mu Sigma (sold to shareholders 2012), Perfecto, ReliaQuest, Sitehands and Trustwave (acquired by SingTel in 2015). FTV has offices in San Francisco and New York. For more information, visit ftvcapital.com.

About RapidRatings

RapidRatings® is transforming the way the world’s leading companies manage enterprise and financial risk. RapidRatings provides the most sophisticated analysis of the financial health of public and private companies in the world. The company’s analytics system provides predictive insights into third-party partners, suppliers, vendors, customers and securities issuers. Every business conversation becomes more productive, transparent and efficient with the RapidRatings’ Financial Health System. For more information, visit www.rapidratings.com.

Keep Up-To-Date on the Latest FTV News

  • This field is for validation purposes and should be left unchanged.

SAN FRANCISCO

601 California Street, Floor 19
San Francisco, CA 94108

415.229.3000


CONNECTICUT

10 Titus Road, Suite 5B
Washington Depot, CT 06794

NEW YORK

535 Madison Avenue, Floor 32
New York, NY 10022

212.682.4800

CONTACT

General: Info@ftvcapital.com
Media: PR@ftvcapital.com

  • LinkedIn
  • Twitter
Investor Portal
Port Co Hub

© 2023 FTV Management Company, L.P.
All rights reserved.

  • Privacy & Cookie Policy

  • Keep Up-To-Date on the Latest FTV News

  • This field is for validation purposes and should be left unchanged.
Our website uses cookies that are essential for the website to work. By using the website and continuing to navigate, you consent to the placement of these cookies. Read our PRIVACY POLICY to learn more.
ACCEPT
Select Cookies
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT