SAI Global has entered into a share purchase agreement to fully acquire Compliance 360 a provider of SaaS-based governance, risk and compliance (GRC) services in the US.
Commenting on the acquisition, SAI Global CEO, Tony Scotton said: "A cornerstone of the strategy for our Compliance Services business is to build market leading positions across key product areas.
"In 2010 we achieved a leadership in the ethics training and awareness space through the acquisition of Integrity Interactive. The acquisition of Compliance 360 is a significant step in achieving similar status in the GRC space."
All Compliance 360 applications leverage a single platform with workflow, contract and document managament, project management, reporting and search integration.
The broad 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. Importantly, the platform integrates content from third parties like LexisNexis, ISACA, ANSI 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.