"We highly recommend Morgan Partners and would absolutely use them again in the future." 

 

DAVE DA COSTA
CEO
RISK CONTROL TECHNOLOGIES


PRESS RELEASE

Morgan Partners Advises Risk Control Technologies, Inc. on its Sale to Long Span Technologies


January 29, 2019 - Newton, MA

Morgan Partners is pleased to announce that it has acted as exclusive financial advisor to rapidly growing, SaaS insurance software provider Risk Control Technologies ("RCT") on its sale to private equity firm Long Span Technologies ("Long Span"). RCT is the insurance industry's premier provider of loss control and risk management software covering all lines of insurance. Serving around 90 carrier clients, RCT was spun out of Insurance Systems in 2012 and is based in Toronto, Ontario, Canada.

This transaction is Morgan Partners' fourth SaaS deal in the last three quarters, and illustrates the firm's position as the leader in advising middle-market software, services, data, and digital transformation FinTech businesses.

"I have never experienced such a hardworking and professional team in my life," said Terry Neilson, Founder of RCT. Dave Da Costa, CEO, added, "The team from Morgan Partners worked in overdrive for several months to help prepare our materials and the management team. The result was an outstanding outcome for all shareholders. We highly recommend Morgan Partners and would absolutely use them again in the future." 

Marc Maselli, Founder and Managing Director at Morgan Partners, added: "RCT is the undisputed market leader in configurable loss control software. Combined with Long Span's experience in scaling world class software businesses, RCT is poised for accelerated growth. This deal underscores the strength of our InsureTech M&A practice." 

 

About Risk Control Technologies, Inc. 

Risk Control Technologies Inc. provides insurance carriers a unique combination of high tech loss control software and industry expertise. This powerful combination allows teams to achieve their overall risk management objectives through the use of both technology and industry best practices. Today, Risk Control Technologies’ community of loss control leaders includes over 90 of the most progressive loss control focused carriers in the world. 

 

About Long Span Technologies

Long Span Technologies is an investor-operator partnership that supports leadership teams to build lasting businesses. The firm has experience partnering with companies from the start up phase through more than $1 billion of revenue, and aims to bring their experience as investors and in executive roles to portfolio companies as board members and advisors. Long Span’s partners have more than 30 years of private equity experience and more than 50 years of leadership & operating experience in global technology companies. The firm supports management teams and other investors as active advisors, lending our experience where helpful. Additional information can be found at http://www.longspantechnologies.com/.