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Tritan Software Acquired by Ideagen
The acquisition by Ideagen will enable Tritan Software to expand upon its services and support to the maritime industry and further establish its collective position as a leading provider of health and safety software.
Andrew Carricarte, CEO & President
,
Tritan Software
“As someone who has exited businesses in the past, I quickly realized that my engagement with SEG was different. From the beginning, the team was organized and focused to ensure they were delivering on a tight schedule. The team is incredibly meticulous and knowledgeable; they quickly grasped very complex concepts and helped create digestible materials to convey our story accurately. They were a true pleasure to work with, and I’d absolutely welcome another M&A deal with their team in the future.”
- Andrew Carricarte, CEO & President, Tritan Software
SEG served as exclusive advisor to Tritan Software
Client Description
The company
Tritan Software is the maritime industry’s leading provider of Health and Safety software and services for cruise lines, commercial shipping, and offshore industries. More than 2,500 vessels traveling the world’s seas and oceans trust Tritan to keep their passengers, crew, and operations safe, including 95% of cruise lines.
Headquarters
Miami, FL
Buyer Description
The company
Ideagen is a UK-based provider of compliance software for regulated industries. The company serves companies across industries, including life sciences, banking, finance, insurance, and healthcare.
Backed By
Hg Capital is a leading investor in European and transatlantic software and services businesses.
Headquarters
Nottingham, England
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PRESS RELEASE OVERVIEW
SEG Client, Tritan Software, Acquired by Ideagen
May 10, 2023 – Ideagen has embarked on a voyage into new territory with acquisition of a company that specialises in keeping people safe at sea, Tritan Software. Software Equity Group (SEG) served as the exclusive advisor to Tritan Software.
From the health and safety of crew and guest passengers on cruise ships, to offshore platforms and global fleets of commercial vessels, Tritan Software are one of the world’s leading solutions supporting the maritime industry.
Speaking about the deal, Ideagen CEO, Ben Dorks, said: “The sea makes for a unique challenge when it comes to safety and health. It’s vast, unpredictable and isolating but is also the route through which a huge proportion of people and commodities journey.
“It’s vital that the people travelling or working at sea are protected and Tritan Software’s solutions support some of the world’s biggest cruise and commercial shipping operators to do that.”
More than 2,500 vessels travelling the world’s seas and oceans trust Tritan to keep their passengers, crew and operations safe including 95% of cruise lines. They also have a rapidly growing presence in the commercial shipping and offshore industries. Headquartered in Miami, Florida, the company has operations around the world.
Tritan Software CEO and founder, Andrew Carricarte, said: “Ideagen provides us with an exciting opportunity to realise our growth ambitions at pace.
“We have great products which serve our existing customers well but there’s tremendous scope to do more. Ideagen understand what we want to achieve and share our desire to expand the services and support to the maritime industry and further establish our collective position as a leading provider of health and safety software.”
More than 35 million people take cruises annually, 90% of world trade is transported on around 98,000 cargo ships and 30% of the world’s energy is offshore. It is one of the most multinational industries where individual events fall under any number of regulatory jurisdictions. Each aspect of this industry represents unique challenges, for health, safety, legal, or operational activity.
Ideagen already have a strong pedigree in providing software solutions that support specific high-compliance industries, with 250+ global aviation organisations, 15 of the top 20 pharmaceutical companies, nine of the top 10 global accounting firms, the top nine global aerospace and defence companies and 65% of the world’s biggest food and beverage brands already using Ideagen solutions.
This latest acquisition is Ideagen’s third of 2023 and comes just a week after collaboration tool OnePlace Solutions joined the Ideagen family. It further cements Ideagen’s ambitious acquisition plan to further benefit customers and support more sectors.