Dingo Partners with Riverside for Global Growth
Deal News | Jun 25, 2025 | Riverside
The Riverside Company, a global investment firm specializing in smaller middle-market companies, has invested in Dingo, a leader in predictive maintenance software. Originating from Brisbane, Dingo leverages its proprietary platform Trakka to offer predictive maintenance solutions across sectors including mining, renewable energy, and rail. Riverside's investment aims to support Dingo's global expansion and AI-driven innovations. The collaboration highlights Riverside's strategy of investing in safety, security, compliance, and risk mitigation (SSCRM) companies. The leadership at Dingo, led by CEO Charles Forrest, will remain to advance its global ambitions. Advisory roles were handled by PwC M&A, Herbert Smith Freehills, Lazard Australia, and DLA Piper, though financial terms remain undisclosed.
Sectors
- Software and Information Technology
- Mining
- Renewable Energy
- Rail
Geography
- Australia – Dingo is based in Brisbane, Australia, where it was founded and has built its global software business.
- Global – Riverside's investment in Dingo is aimed at accelerating its international growth, emphasizing a global reach.
Industry
- Software and Information Technology – The article involves investment in Dingo, a global leader in predictive maintenance software, which is part of the broader Software and IT sector.
- Mining – Dingo has a deep history within the mining industry, providing predictive maintenance software solutions to help maximize uptime and minimize risk for operators.
- Renewable Energy – Dingo has an established and growing presence in the renewable energy sector, enhancing equipment efficiency and safety.
- Rail – Dingo plays a critical role in the rail industry, utilizing its software solutions to improve maintenance efficiency and safety.
Financials
- Undisclosed – Terms of the transaction regarding Riverside's investment in Dingo have not been disclosed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| The Riverside Company | Investor | Company | A global investment firm specialized in the smaller end of the middle market. |
| Dingo | Target Company | Company | A leader in predictive maintenance software based in Brisbane, founded in 1991. |
| Paul Higgins | Founder | Person | Founder of Dingo who has contributed to its journey toward becoming a global software leader. |
| Charles Forrest | CEO | Person | CEO of Dingo, leading the company's efforts to expand globally and enhance its platform. |
| Kevin Xu | Principal at Riverside | Person | Riverside Principal involved in the investment with a focus on industry leading SaaS companies like Dingo. |
| Ash Sorrenti | Vice President at Riverside | Person | Vice President at Riverside, playing a key role in the decision to invest in Dingo. |
| Lazard Australia | Financial Advisor | Company | Advised Dingo during the investment transaction. |
| DLA Piper | Legal Advisor | Company | Advised Dingo on legal aspects during the transaction. |
| PwC M&A | Financial Advisor | Company | Advised Riverside on the M&A transaction. |
| Herbert Smith Freehills | Legal Advisor | Company | Advised Riverside on legal matters for the investment in Dingo. |