Riskonnect has acquired U.K.-based software company Sword GRC to further establish the global footprint of its integrated risk management platform.
“Sword GRC’s innovative project risk and enterprise risk management software is a natural fit with Riskonnect’s integrated risk management vision and offering,” Riskonnect’s CEO Jim Wetekamp said. “The Riskonnect team is passionate about building tools that help our customers bring risk under one roof and achieve end-to-end visibility.”
Specializing in aerospace and defense, energy, financial services and government industry projects, Sword Group will help Riskonnect integrate its service offerings into a single platform for its customers.
According to a related press release, Bryan Garnier & Co contributed to the deal as financial advisor, while Mayer Brown and Kirkland & Elis served as legal consoles for Sword Group and Riskonnect, respectively.
“Our customers are our highest priority," Sword GRC CEO Nick Scully said. "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."
Through the global partnership, the company will prioritize the integration of its enterprise risk management solutions with Riskonnect’s. The acquisition also serves as an opportunity for both companies to further expand their global reach.
Riskonnect has now garnered more than 300 clients worldwide and employs over 150 individuals across the U.S., UK and ASPAC.
“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,” Wetekamp said. “The combined toolset positions us to provide even more value for customers.”