SAI Global signed a definitive agreement to acquire 100% of the share capital in Compliance 360, boosting its governance, risk management, and compliance (GRC) capabilities.
Compliance 360's cloud-based software-as-a-service design and delivery allows businesses to securely manage financial controls, internal audit processes, and compliance obligations with minimal IT infrastructure costs. Hundreds of health care, insurance, and financial services companies use Compliance 360's SaaS-based GRC software.
"Global organizations want to establish and manage their own governance, risk, and compliance business processes in an efficient, cost-effective fashion. One of the best ways organizations can accomplish this is with a highly configurable SaaS-based GRC platform," says Andy Wyszkowski, global head of Compliance at SAI Global.
The Compliance 360 platform supports key GRC requirements including enterprise risk management, compliance management, and audit management as well as assessments and surveys linked to each business process. It also provides third-party risk management. The platform integrates content from third parties like LexisNexis, ISACA, ANSI, etc. and delivers this content linked to specific compliance obligations. All Compliance 360 applications leverage a single platform with workflow, contract and document management, project management, reporting, and search integration. The demand for these workflow systems is mainly driven by regulatory and compliance rules that require businesses to adhere to government, industry, and internal governance policies.
Compliance 360 will remain in Atlanta upon completion of the acquisition and operate as a line of business for SAI Global's Compliance Division.