Riskonnect, the leader in integrated risk management (IRM) solutions, announces its acquisition of Camms, a leading provider of enterprise cloud-based software for governance, risk, and compliance (GRC). The acquisition fuels innovation for Riskonnect and drives new value for customers of the combined organization by equipping them to bring all aspects of risk under one roof with an enhanced suite of solutions.
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Camms’ software is unique in its ability to link risk to business objectives in a single platform. Riskonnect’s acquisition of Camms will enable the provider to deliver enhanced GRC functionality to Riskonnect’s customers, including IT risk and strategy. Camms customers will gain access to a broader array of risk and compliance services and solutions, including Riskonnect’s RMIS and Business Continuity & Resilience Solutions, for an end-to-end, integrated view of risk and compliance. The acquisition will enhance value for over 2,500 combined customers globally.
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“Riskonnect set out on a mission years ago to help organizations change the way they perceive, manage, and respond to risk. Camms shares in this mission and brings cutting-edge solutions that will enable Riskonnect to broaden its portfolio and continue to strategically innovate to meet customers’ evolving needs and support them on their integrated risk management journey. The two companies are very closely aligned on culture, market view, and commitment to customer success. We’re thrilled to welcome Camms aboard,” said Jim Wetekamp, CEO of Riskonnect.
The acquisition significantly enhances Riskonnect’s global footprint, with a particular focus on expanding its presence across Australia, New Zealand, and the broader Asia Pacific region. Both Riskonnect and Camms products will continue to be sold and supported.
Harris Williams served as the financial advisor to Camms and Kirkland & Ellis LLP served as legal advisor to Riskonnect during the deal.
About Riskonnect
Riskonnect is the leading integrated risk management software solution provider. Our technology empowers organizations with the ability to anticipate, manage, and respond in real-time to strategic and operational risks across the extended enterprise.
More than 2,500 customers across six continents use our unique risk-correlation technology to gain previously unattainable insights that deliver better business outcomes. It has more than 1,100 risk management experts in the Americas, Europe, and Asia. To learn more, visit www.riskonnect.com.
