Riskonnect, an Atlanta, GA-based provider of integrated risk management solutions, acquired Xactium, a UK-based GRC software provider for enterprises to evaluate and manage enterprise risk and compliance.
The amount of the deal was not disclosed.
The acquisition will accelerate Riskonnect’s global growth, strengthen its financial services and project risk management capabilities, and equip its customer base with artificial intelligence (AI) and analytics technology for GRC. By integrating the two companies’ solutions, their customers will gain access to new capabilities, leverage innovative technology, and take advantage of an expanded global footprint of service professionals with domain knowledge in every industry.
Led by Andy Evans, chief executive officer, Xactium provides an enterprise risk-intelligent system that enables risk, audit, and compliance leaders to intelligently manage risk across the enterprise, while reducing business costs and improving reporting.
Led by Jim Wetekamp, CEO, Riskonnect is an integrated risk management software solution provider. Its technology empowers organizations with the ability to anticipate, manage, and respond in real-time to strategic and operational risks across the extended enterprise. More than 900 customers across six continents use the company’s risk-correlation technology to gain previously unattainable insights that deliver better business outcomes. Riskonnect has more than 500 risk management experts in the Americas, Europe, and Asia.
FinSMEs
16/03/2020