Bloom Equity Partners acquires RightCrowd

GOLD COAST, Australia – Bloom Equity Partners announced its strategic acquisition of RightCrowd, a global provider of physical identity and access management (PIAM) solutions, in late September. 

The acquisition was finalized on Sept. 25, 2023, and marks a pivotal moment in the world of access risk and physical identity and access management, according to Bloom Equity Partners.

RightCrowd has served some of the world’s largest corporations, including a myriad of Fortune 50 companies, and with their award-winning PIAM offerings have consistently driven enhanced productivity and cost reduction across businesses of all sizes. With this acquisition, Bloom Equity Partners believes it is poised to elevate RightCrowd to what it called, "...unprecedented levels of innovation."

 “We are thrilled to announce the acquisition of RightCrowd by Bloom Equity Partners,” Bart Macdonald, CEO of Bloom Equity Partners, said expressing his excitement.  “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.”

Bloom Equity Partners said that the partnership with RightCrowd signifies a significant milestone in their mission to deliver enduring market value in the lower middle market technology sector.

 “This partnership with Bloom Equity Partners represents an exciting new chapter in RightCrowd’s journey,” said Brian McIlravey, COO, and President of RightCrowd. “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.”

RightCrowd will continue to operate independently and serve its existing customer base Bloom Equity Partners said, while simultaneously expanding its suite of services and products to meet the growing demands of the PIAM market.