Riskonnect has acquired Xactium, a UK-based GRC software provider, to accelerate Riskonnect’s global growth, strengthen its financial services and project risk management capabilities and equip its customer base with innovative, market-leading artificial intelligence (AI) and analytics technology for GRC.
“Today’s enterprise risk landscape is dominated by uncertainty, complexity and change. Staying ahead requires a robust combination of expertise, intelligence, and technology. Xactium delivers on all three fronts,” says Jim Wetekamp, chief executive officer of Riskonnect. “Adding Xactium’s deep industry experience, talented team and innovative solutions to our GRC offerings will empower our customers to elevate and transform the way they manage risk and compliance and create value. We’re thrilled to welcome the entire company and customers to Riskonnect.”
Xactium’s technology enables risk, audit and compliance leaders to more effectively, efficiently and intelligently manage risk across the enterprise, while reducing business costs and improving reporting.
“Innovation, collaboration and delivering value are core to our DNA, which makes us a great fit with the Riskonnect team,” says Andy Evans, chief executive officer, Xactium. “Riskonnect’s global reach, impressive customer base, and market leadership will position us to help more organizations across the world. We are very excited to integrate with their team and collaboratively push the boundaries on what’s possible in integrated risk management.”
By integrating Xactium and Riskonnect, customers of both companies will gain access to new capabilities, leverage innovative technology and take advantage of an expanded global footprint of service professionals with domain knowledge in every industry.