PROJECT THOR GRC PLATFORM
PROJECT THOR IS A LEADING SCANDINAVIAN GRC PLATFORM INTEGRATING THREE COMPLEMENTARY PRODUCT OFFERINGS
TRIPLE HAS ACQUIRED A MAJORITY STAKE IN RISMA, WIRED RELATIONS, AND COMPLYCLOUD
Vertical | Governance, Risk & Compliance
Headquarters | Copenhagen, Denmark
Investment date | August 2025
Fund | Triple Private Equity Fund I
Status | Current
Contact | Anders Brejner, anders.brejner@triple.pe
Project Thor consolidates an established albeit fragmented market by combining the three Danish GRC businesses, RISMA Systems, Wired Relations, and ComplyCloud, to create a leader in Scandinavia with a proven and embedded highly compelling offering for the mid market.
The combined businesses specialise in Privacy and InfoSec solutions for companies addressing increasingly complex regulatory requirements and standards such as GDPR and ISO. The platform serves over 1,000 customers across Europe.
___
THE COMPANY
TRIPLE INVESTMENT ORIGINS
Triple identified three attractive businesses in a highly fragmented market, and the founders were seeking a catalyst for their next phase of growth. Triple was identified as the ideal partner due to its sub-sector specialization and focus on value creation.
___
PROJECT THOR FIT WITH TRIPLE’S INVESTMENT CRITERIA
Project Thor aligns perfectly with Triple’s investment criteria as a leading solution within the governance, risk, and compliance software sector in a fragmented market ripe for consolidation. Additionally, Triple’s emphasis on value creation will be crucial in integrating and scaling the businesses.
___
TRIPLE DIFFERENCE
We leveraged our local network and sub-sector expertise to identify this opportunity, engaging in three parallel off-market dialogues with RISMA Systems – a listed business (public-to-private) – and the two founder-owned businesses, Wired Relations and ComplyCloud.
___