RIMES
RIMES is a leading global provider of Managed Data Services (MDS) and regulatory technology (RegTech) software solutions that address the complex needs of leading financial institutions.
RIMES was founded in 1996 with headquarter in London. The company had revenues of ca. USD 90m in 2022.
Ownership: SEB Private Equity has co-controlling interest and ownership in RIMES.
Investment rationale
RIMES is a leader in a growing niche market with secular growth drivers from increased outsourcing of non-core activities among financial institutions to replace manual tasks with software. RIMES employs a highly cash generative SaaS business model with predominantly recurring revenues and strong retention.
