Engagement — Platform Due Diligence
Code & Co. provides Tech & Product Due Diligence to Bregal Milestone ahead of its investment in Ridango, a global provider of mission-critical public transportation software.
Bregal Milestone, a leading European software growth private equity firm, announced a majority strategic growth investment in Ridango, a global provider of mission-critical public transportation software. The investment is made in partnership with founder Erki Lipre and the Ridango management team. Terms of the transaction were not disclosed.
Scope of Work
Code & Co. conducted a comprehensive audit of Ridango’s transit technology platform, covering its architecture, infrastructure, technology stack, scalability, and security posture.
The assessment included an evaluation of Ridango’s product roadmap, integration capabilities.
Additionally, Code & Co. reviewed the company’s engineering organization, software development lifecycle, and quality assurance practices.
About Ridango
Ridango is the software operating system of choice for public transportation providers globally, specializing in automated fare collection (“AFC”), real-time passenger information systems, automatic vehicle location tracking (“AVL”), and mobility-as-a-service (“MaaS”) technology. The company partners with transport authorities and operators to enhance the efficiency, accessibility, and sustainability of public transit for customers and operators alike.
About Bregal Milestone
Bregal Milestone is a leading software and technology private equity firm with c.€1.3 billion of capital raised since inception. The firm provides growth capital and operational support to build market-leading technology companies. Bregal Milestone is part of Bregal Investments, a leading global investment platform with assets under management of over €19 billion. Bregal Milestone was recognised by GrowthCap as one of the Top Growth Equity Firms of 2024. www.bregalmilestone.com