News

Lars Nybro Munksgaard steeping down as CEO

Lars Nybro Munksgaard has decided to step down as CEO of Cerivo with effect end-March. Cerivo is a GCR software group formed in mid-2025 when Triple Private Equity acquired RISMA Systems, ComplyCloud, Openli and Wired Relations to create a leading Nordic Governance, Risk, and Compliance (GRC) software provider. The decision to step down follows the successful integration of the four companies into the unified Cerivo brand and the establishment of the new Group office in Copenhagen.

With a focus on SME to Enterprise organizations seeking scalable, all-in-one solutions, Cerivo offers a comprehensive product suite across data privacy, information security, risk management, and compliance, with an integrated end-to-end GRC platform rooted in GDPR and InfoSec.

New CEO appointed

An experienced software executive, with a strong track record of leading and scaling technology-driven organizations in the Nordic market, has been appointed as new CEO of Cerivo to start in mid-2026. The new CEO will be responsible for driving Cerivo’s growth, further integrating the four businesses’ strong product offerings into a single scalable platform, and capitalizing on opportunities in a market undergoing rapid digitization and increasing regulation.

Flemming Breinholt, Chairman of the Board, said:

“On behalf of the Board, I would like to thank Lars for taking on the role as CEO of Cerivo and for his leadership during the initial phase, which has built the basis for a strong and integrated organization based on four complementary businesses. Lars has shown great commitment to creating the Group, and we respect his decision to pursue new paths at this stage of his career. We are looking forward to welcoming our new CEO, whose name we unfortunately cannot yet reveal, but whom we are confident will lead Cerivo through the next phase, building on the solid foundation that has already been established and realizing the full potential of the combined business.”

Lars Nybro Munksgaard, CEO, said:

“With the creation of Cerivo, we have built a leading Nordic GRC software provider with significant growth potential. With the Group now well-established, I have concluded that the ambitions I had, when I founded RISMA 11 years ago, have been fulfilled, and that it is time for me to start a new chapter and make room for a new CEO to guide the Group into its next phase. I would like to thank Triple Private Equity, all four companies, and our many talented people for their contributions to creating Cerivo.”

With a strong customer base of more than 1,000 customers across the Nordics, generating double-digit recurring revenues and double-digit topline growth, Cerivo is well-positioned for significant expansion in the years ahead in a market underpinned by structural growth drivers. See more on www.cerivo.com

For information, please contact:
Sarah Kelleher, ske@cerivo.com