Riskonnect, a leader in integrated risk management (IRM) solutions, announced the acquisition of Camms – which is a leading provider of enterprise cloud-based software for governance, risk, and compliance (GRC). And this acquisition fuels innovation for Riskonnect and drives new value for customers of the combined organization by equipping them to bring all aspects of risk under one roof with an enhanced suite of solutions.
Camms’ software is unique in that it can link risk to business objectives on a single platform. And Riskonnect’s acquisition of Camms will enable the provider to deliver enhanced GRC functionality to Riskonnect’s customers, including IT risk and strategy.
Camms customers gain access to a wider array of risk and compliance services and solutions, including Riskonnect’s RMIS and Business Continuity & Resilience Solutions, for an end-to-end, integrated view of risk and compliance. This acquisition will enhance value for over 2,500 combined customers globally.
The acquisition enhances Riskonnect’s global footprint, with a particular focus on expanding its presence across Australia, New Zealand, and the broader Asia Pacific region. And Riskonnect and Camms products will continue to be sold and supported.
Harris Williams served as the financial advisor to Camms and Kirkland & Ellis LLP served as legal advisor to Riskonnect during the deal.
KEY QUOTES:
“Riskonnect set out on a mission years ago to help organizations change the way they perceive, manage, and respond to risk. Camms shares in this mission and brings cutting-edge solutions that will enable Riskonnect to broaden its portfolio and continue to strategically innovate to meet customers’ evolving needs and support them on their integrated risk management journey. The two companies are very closely aligned on culture, market view, and commitment to customer success. We’re thrilled to welcome Camms aboard.”
– Jim Wetekamp, CEO of Riskonnect
“We’re thrilled to join forces with Riskonnect. The acquisition expands the breadth of solutions, services, and collaboration opportunities available to our customers to help them address today’s dynamic and fast-paced risk landscape. Together, we look forward to empowering organizations worldwide to navigate risks and uncertainty effectively and achieve their strategic objectives.”
– Adam Collins, CEO of Camms
