Hale Capital Partners Acquires Majority Stake in Athenium, Expanding Strategic Investment in Risk Analytics, Software Innovation & Artificial Intelligence
NEW YORK, Nov. 6, 2024 /PRNewswire/ — Hale Capital Partners (“Hale Capital”), a NY-based non-public development fairness agency, led a cooperative recapitalization by which it acquired a majority stake in Athenium, a number one supplier of modern threat and high quality administration options for insurance coverage, finance and authorities sectors.
Hale Capital is a growth-oriented non-public fairness fund that just lately raised its sixth pool of capital targeted on federal and twin use know-how options in addition to business particular conditions. As a DoD Trusted Investor, Hale Capital seeks to amass corporations leveraging differentiated know-how to fulfill the essential wants of elite clients.
This funding marks a big milestone, bringing collectively Hale Capital’s deep experience supporting high-growth know-how corporations with Athenium’s cutting-edge software program options. Athenium has been widely known for reworking claims high quality management, underwriting and threat choice, and threat administration by superior knowledge analytics and AI-driven capabilities.
As a part of the funding, Hale Capital welcomes Jim Greenwell as the brand new CEO of Athenium. Jim is a confirmed CEO who efficiently led a number of corporations, certainly one of which was Hale Capital’s first portfolio firm. “Athenium is an business chief in threat and high quality administration options with a historical past of exceeding its clients’ expectations with its best-in-class options. My focus is to create an setting the place our workers succeed in serving our clients brilliantly,” stated Jim of his mission.
Hale Capital is outlined by the caliber of its portfolio executes and takes nice delight in elevating and supporting its operators. “We’re thrilled to work with Jim once more,” stated Martin Hale, CEO of Hale Capital. “Jim’s customer-focused management coupled with Athenium’s distinctive innovation in threat analytics creates great potential to scale.”
Athenium, headquartered in Dover, NH, has lengthy been on the forefront of delivering high-impact options empowering knowledge pushed decision-making, growing operational effectivity, and enhancing threat administration practices. The corporate’s merchandise are identified for integrating predictive analytics, machine studying and area experience to assist purchasers proactively handle threat and optimize efficiency.
About Hale Capital
Hale Capital companions with proficient entrepreneurs to realize outstanding company transformations. We function stewards for the concepts of extraordinary leaders as they search to speed up development in particular conditions, divestitures, and federal know-how sectors. Hale’s roadmap to success facilities on a program of transformation— monetary, cultural, and operational—developed from intensive educational work and over twenty years of funding experience. This essential mental property helps our corporations evolve, develop, and compete in an ever-shifting market. To study extra, go to halecapital.com.
About Athenium
Athenium is a number one supplier of threat and high quality administration options, providing superior analytics software program to optimize efficiency and handle threat. Their merchandise mix patented know-how and synthetic intelligence to drive decision-making and operational enhancements. Athenium’s mission is to assist organizations make smarter, data-driven choices. For extra info, go to www.athenium.com.
Media Contacts:
Hale Capital Partners
Nate Foos
Athenium
Colin McBride
SOURCE Hale Capital Partners