SAI Global, the provider of integrated risk management software and provider of ethics and compliance learning content, has agreed to acquire BWise, the internal audit, regulatory compliance management and operational risk management software supplier, from Nasdaq.
SAI Global says the acquisition will allow the organisation to “take the next steps in its SAI360 risk software strategy,” most notably helping organisations across multiple industry verticals manage their risk, compliance and audit programs at a time of intensifying demand on organisational resilience and brand reputation.
“The addition of BWise’s deep domain expertise and capabilities is the next key strategic development in the continuing growth of SAI Global’s risk, compliance and learning solutions portfolio,” a statement from SAI said.
“The pervasive and unpredictable risk landscape requires organisations to eliminate silos, and focus on time to value across a broad set of use cases,” said Peter Granat, SAI Global CEO.
BWise was founded in 1994 and is headquartered in The Netherlands. Its GRC platform is based on strong heritage in business process management and Risk Intelligence services that provide organisations with highly-rated, proven software solutions for enterprise and operational risk management, internal control management, internal audit, compliance and information security programs.
“With our shared vision of creating the most complete suite of integrated risk management capabilities in the marketplace, BWise is the perfect partner to take SAI Global to the next level,” said Jonathan Deeks, BWise CEO. “By combining our strengths with those of SAI Global, we can jointly accelerate success for all our customers.”
This news comes off the heels of SAI Global’s acquisition of Strategic BCP ResilienceONE, the award-winning Business Continuity Management solutions company, in August 2018. With this acquisition SAI Global added business continuity, crisis management, disaster recovery, and contingency management to further strengthen its existing risk software portfolio.
Pending regulatory approvals, works council and other representative body consultations and notifications in applicable jurisdictions, and customary closing conditions, the deal is expected to close in the first half of 2019.
Terms of the private transaction will not be released. Until the transaction closes, each company will continue to operate independently.