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Mid-market private equity firm The Riverside Company is putting its mind to the heavy machinery software business, buying into Brisbane company Dingo with a view to taking its technology global.

Street Talk understands Riverside, a software and IT specialist with a solid track record in the sector, having backed Energy Exemplar to a $1.6 billion sale in 2023, has acquired a majority stake in Dingo alongside its long-term founder, engineer Paul Higgins.

Riverside declined to provide terms of the transaction; however, industry analysts suggest Dingo would fetch an enterprise value upwards of $150 million.

Read the full story tomorrow and more on the Street Talk page.

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