Hale Capital Partners acquires majority stake in Athenium to support growth in risk analytics solutions.
New York-based private growth equity firm Hale Capital Partners has announced the acquisition of a majority interest in Athenium, leading provider of innovative risk and quality management solutions. The investment focuses on the cutting-edge software solutions developed by Athenium, ones that leverage advanced data analytics and AI-driven capabilities to redefine risk management practices across insurance, finance, and government industries.
A Dover, NH-headquartered Athenium claims quality control and underwriting risk selection provider long has enjoyed great reputation in risk management services with predictive analytics and machine learning enhancement of clients' risk management operations. By virtue of its new acquisition, the Hale Capital said it seeks to support the continuous growth and innovation of Athenium, particularly with risk analytics.
Hale Capital's investment in Athenium is the latest step in its strategy to support high-growth technology companies across the federal and commercial markets. As a DoD Trusted Investor, Hale Capital looks at acquiring businesses that leverage differentiated technology to meet the critical needs of its elite customer base. With the acquisition of Athenium into its portfolio, Hale Capital is better placed to build on its position as a leader in supporting technology-driven solutions for risk management.
In alignment with this investment, Hale Capital has selected Jim Greenwell to be the new CEO of Athenium. Greenwell is a seasoned leader who delivers growth to high-tech companies. He will focus on creating an environment that enables the employees at Athenium to thrive in delivering exceptional customer value. According to Greenwell, "Athenium's best-in-class solutions exceed customer expectations, and my goal is to foster a culture where our team continues to excel in serving our clients."
This acquisition puts Athenium in the position to advance its mission in providing advanced analytics solutions that support better risk management practices, help clients make better data-driven decisions, and help optimize performance in various industries.
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