Riskonnect, which is backed by TA Associates, has acquired UK-based software company Sword GRC from Sword Group. No financial terms were disclosed. Bryan Garnier & Co acted as financial advisor to Sword Group on the deal.
ATLANTA–(BUSINESS WIRE)–Riskonnect, the leader in integrated risk management (IRM) solutions, has acquired Sword GRC, a UK-based software company that specializes in project and enterprise risk management solutions, from Sword Group. The acquisition advances Riskonnect’s IRM approach by uniquely incorporating project risk into its platform and enabling customers to bring all aspects of enterprise risk under one roof.
“Sword GRC’s innovative project risk and enterprise risk management software is a natural fit with Riskonnect’s integrated risk management vision and offering,” said Jim Wetekamp, Riskonnect’s CEO. “The Riskonnect team is passionate about building tools that help our customers bring risk under one roof and achieve end-to-end visibility. We’re delivering a truly unparalleled solution to the market that advances those objectives by integrating Sword GRC’s Active Risk Manager into our platform. The combined toolset positions us to provide even more value for customers.”
The acquisition drives both organizations’ global growth objectives and enables Riskonnect to enter into new key vertical and geographic markets. Sword GRC specializes in project and enterprise risk management solutions for the aerospace and defense, energy, financial services and government industries. The company serves over 300 customers worldwide and has 150+ employees in the U.S., UK, and ASPAC.
“Our customers are our highest priority. We are confident that this combination and its financial strength will better serve our customers through an enhanced and diversified product suite. The comprehensive solution set is uniquely built to enable and support business performance through risk management,” said Sword GRC CEO, Nick Scully.
Sword GRC’s project risk management solution will seamlessly integrate into Riskonnect’s IRM platform.
Bryan Garnier & Co acted as financial advisor and Mayer Brown acted as legal counsel to Sword Group, and Kirkland & Ellis acted as legal counsel to Riskonnect.
For more information, visit www.riskonnect.com and www.sword-grc.com.
Riskonnect is the leading integrated risk management software solution provider. Our 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 950 customers across six continents use our unique risk-correlation technology to gain previously unattainable insights that deliver better business outcomes. Riskonnect has more than 525 risk management experts in the Americas, Europe, and Asia. To learn more, visit www.riskonnect.com.