Riskonnect 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 integrated risk management (IRM) approach by 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 serves over 300 customers worldwide and has 150+ employees in the US, UK, and Asia Pacific.
