Cerivo Due Diligence

Run due diligence on Cerivo: check compliance and get alerts when suppliers or ownership change.

Denmark · owned by Triple Private Equity Fund I SCSp (Luxembourg) · cerivo.com · 9 vendors

Cerivo provides an integrated Governance, Risk, and Compliance (GRC) solution, bringing together data privacy, information security, and risk management into one unified platform. It was formed by uniting RISMA, Wired Relations, and ComplyCloud to offer a comprehensive GRC software and consulting service. The company aims to help organizations run a trusted business by simplifying compliance complexity.

Resilience scores

Technology vendors

Insights

Last updated 2026-09-13 · revision 1

9 direct vendors, 163 subvendors

Direct vendors by controlling owner country (sample)

Subvendors by controlling owner country (sample)

Compliance

5 in-scope frameworks identified; showing 3.

ISO 27001 (source) — No public evidence

Evidence: https://www.complycloud.com/products/iso27001, https://www.rismasystems.com/en/solutions/isms-information-security-management-system

SOC 2 (source) — No public evidence

ISAE 3000 (source) — No public evidence

Evidence: https://www.complycloud.com/products/isae3000

Financials

Three-year financials

Financial Resilience Score: 6/10

Cerivo operates in a structurally attractive, regulation-driven GRC SaaS market with strong recurring revenue characteristics. The subscription-based model provides predictable, high-retention revenue streams, and the company benefits from powerful regulatory tailwinds including GDPR, NIS2, DORA, AI Act, and CSRD — all of which are expanding the addressable market across Europe. The combined 1,400+ customer base and 10+ years of market presence through constituent brands (particularly RISMA Systems, founded 2014) provide a credible foundation, and multi-framework platform coverage reduces churn risk while increasing upsell potential. However, the company faces significant near-term execution risk from integrating three separate technology stacks, teams, and customer bases into a single unified platform. Platform migration friction could accelerate customer churn during the transition period. The company is also a small player by global standards (100+ employees), competing against well-resourced international incumbents such as OneTrust, ServiceNow GRC, Vanta, and Drata, which have substantially greater R&D and sales budgets. Geographic concentration in the Nordic market limits revenue diversification, and international expansion — while stated as an ambition by the CEO — will require significant investment and carries execution risk. The Ukraine development office represents an additional geopolitical and operational risk factor. There is no public evidence of venture capital or private equity backing, which may constrain the pace of product investment and expansion. The analyst ARR estimate of DKK 30–80 million is unconfirmed and speculative. The absence of any publicly filed consolidated accounts for the merged entity, combined with inaccessible CVR filings for constituent companies, makes formal financial assessment impossible. The score of 6 reflects a solid business model and market positioning offset by integration risk, competitive pressure, small scale, and complete lack of verifiable financial data.

Key strengths: Recurring SaaS subscription revenue model with high switching costs, Strong regulatory tailwinds: GDPR, NIS2, DORA, AI Act, CSRD all expanding addressable market, 1,400+ combined customer base across three merged platforms, Multi-framework GRC coverage (GDPR, ISO 27001/2, NIS2, DORA, ESG, CIS18, ISAE 3000/3402, CER), 10+ years of combined market presence through constituent brands, RISMA Systems named Legal Tech Company of the Year in Denmark (2019), Differentiated software + services model via embedded legal expertise and Openli community (2,800+ members), Cross-sell opportunities across unified 1,400+ customer base post-merger, Nordic market leadership positioning in a high-compliance-maturity region

Risk factors: Integration execution risk: merging three technology stacks, teams, and cultures is operationally complex, Platform migration risk: customer churn potential during transition from legacy brands to unified Cerivo platform, Competitive pressure from larger international players (OneTrust, ServiceNow GRC, SAP GRC, Vanta, Drata), Small scale (100+ employees) limits R&D velocity and enterprise sales capacity relative to global peers, Geographic revenue concentration in Nordic/Scandinavian market, No disclosed external venture capital or private equity funding, potentially limiting growth investment, Ukraine development office carries geopolitical and operational risk, No publicly available audited financial statements — financial health cannot be independently verified, International expansion ambition carries significant execution and investment risk

Revenue by geography

Revenue by product/service

Workforce by country

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