Hale Capital Takes Majority Stake in AI-Focused Risk, Quality Management Firm
Hale Capital Partners, a NY-based private growth equity firm, has acquired a majority stake in Athenium, a risk and quality management solutions provider for insurance, finance and government sectors.
The investment brings together Hale Capital’s expertise supporting high-growth technology companies with Athenium’s software solutions. Athenium uses advanced data analytics and AI-driven capabilities to transform claims quality control, underwriting and risk selection, and risk management.
As part of the investment, Hale Capital hired Jim Greenwell as the new CEO of Dover, NH-based Athenium. Greenwell has led multiple companies, one of which was Hale Capital’s first portfolio company.
“Athenium is an industry leader in risk and quality management solutions with a history of exceeding its customers’ expectations with its best-in-class solutions. My focus is to create an environment where our employees succeed in serving our customers brilliantly,” said Greenwell.