The Riverside Company Invests in Predictive Maintenance Leader Dingo, Backing Global Growth and AI Innovation

The Riverside Company, a global investment firm focused on the smaller end of the middle market, has invested in Dingo, a global leader in predictive maintenance software built on more than three decades of asset health and performance insights. The partnership will enable Dingo to accelerate its international growth and rapidly advance its next phase of AI-driven innovation.

Founded in Brisbane in 1991, Dingo has evolved its software technology into Trakka®, an award-winning, cloud-based platform that helps customers harness a wide variety of equipment data to proactively identify when maintenance actions are required. By combining condition monitoring with advanced analytics, the platform helps customers prevent breakdown events, extend equipment life, optimise maintenance spend and improve safety.

With a deep history in the mining industry and an established and growing presence in renewable energy and rail, Dingo plays a critical role in helping operators maximise uptime and minimise risk.

Dingo Founder Paul Higgins said: “From day one, we set out to build a global software company from Brisbane. A city with talent, energy and the environment to support big ambition. We’re incredibly proud of what we’ve built over the last three decades and are deeply grateful to the hundreds of employees, customers and other partners who have been part of the journey. Partnering with Riverside marks an exciting new chapter. With our world-class management team, we’re committed to taking Dingo to the next level as a category-defining global platform.”

The investment in Dingo underscores Riverside’s deep specialization in the Software and IT sector with more than 290 investments. Dingo is another example of Riverside’s global super thesis investing in safety, security, compliance and risk mitigation (SSCRM) companies.

Riverside Principal Kevin Xu said: “Investing in industry leading SaaS companies like Dingo has long been a priority for Riverside. As a trusted platform adopted by global operators, Dingo combines deep sector expertise with rich data to deliver exceptional outcomes. We aim to accelerate international expansion and drive product innovation to reinforce Dingo as a global leader in predictive maintenance.”

Vice President Ash Sorrenti added: “Dingo’s talented and experienced team was instrumental in our decision to invest. Their capability and commitment are crucial to the company’s future success. We look forward to partnering with them on the journey ahead.”

Led by CEO Charles Forrest, Dingo’s leadership team will remain in place to execute on the company’s growth ambitions.

Dingo CEO Charles Forrest said: “Dingo has always been focused on helping customers make better decisions about their equipment. Our platform delivers measurable impact in the field, and with Riverside’s involvement, we’re well-positioned to scale that value for customers around the world, invest in new capabilities and continue building solutions that solve real-world challenges.”

Working with Xu and Sorrenti on the deal for Riverside were Managing Partner Simon Feiglin, Principal James Elsom, Associates Hannah Davies and Lucas Froude and Senior Operating Partner Ed McManus.

Riverside was advised by PwC M&A and Herbert Smith Freehills. Dingo was advised by Lazard Australia and DLA Piper.

Terms of the transaction are not being disclosed.