[vc_row][vc_column][vc_column_text]FOR IMMEDIATE RELEASE
Bloom Equity Partners Acquires RightCrowd, a Leader in Physical Identity and Access Management (PIAM) Solutions
United States (September 27, 2023) – Bloom Equity Partners, a NYC-based private equity firm investing in technology, software, and tech-enabled business service companies, has announced its strategic acquisition of RightCrowd, a global leader in Physical Identity and Access Management (PIAM) solutions. The acquisition, finalized on September 25, 2023, marks a pivotal moment in the world of access risk and physical identity and access management.
RightCrowd has earned a stellar reputation serving some of the world’s largest corporations, including a myriad of Fortune 50 companies. Their award-winning PIAM offerings have consistently driven enhanced productivity and cost reduction across businesses of all sizes. With this acquisition, Bloom Equity Partners is poised to elevate RightCrowd to unprecedented levels of innovation.
Built on the principles of partnership and value creation, Bloom Equity Partners is celebrated for its ability to collaborate closely with founders and management teams, infusing capital to fuel growth and providing critical operational resources and expertise to drive transformative change in the companies it invests in. The partnership with RightCrowd signifies a significant milestone in Bloom Equity Partners’ mission to deliver enduring market value in the lower middle market technology sector.
Bart Macdonald, CEO of Bloom Equity Partners, expressed his excitement about the acquisition, stating, “We are thrilled to announce the acquisition of RightCrowd by Bloom Equity Partners. RightCrowd’s exceptional Physical Identity and Access Management solutions have already left an indelible mark on the industry, and we believe that our strategic partnership will further enhance their capabilities and market reach. This acquisition aligns perfectly with our mission of nurturing growth and delivering tangible value to our portfolio companies.”
Brian McIlravey, COO, and President of RightCrowd, shared his enthusiasm for the acquisition, saying, “This partnership with Bloom Equity Partners represents an exciting new chapter in RightCrowd’s journey. We have always been dedicated to revolutionizing access risk and physical identity and access management solutions. Now, with the invaluable support and expertise of Bloom Equity Partners, we are uniquely positioned to accelerate our growth and offer even more comprehensive solutions to our clients.”
Under this acquisition, RightCrowd will continue to operate independently, steadfast in its commitment to serving its existing customer base, while simultaneously expanding its suite of services and products to meet the growing demands of the PIAM market.
For media inquiries or further information, please contact:
Brian McIlravey
President & Chief Operating Officer/ RightCrowd
519-588-3747
Bloom Equity Partners
About Bloom Equity Partners:
Bloom Equity Partners is a leading private equity firm dedicated to investing in lower middle market technology, software, and tech-enabled business service companies. With a mission to create lasting market value, Bloom Equity Partners collaborates closely with founders and management teams, providing capital and operational resources to drive growth and transformation.
About RightCrowd:
RightCrowd is a global leader in providing Physical Identity and Access Management (PIAM) solutions to some of the world’s largest companies. Their award-winning PIAM solutions have empowered businesses of all sizes to redefine access risk and physical identity and access management, delivering improved productivity at lower costs.
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