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Risk management firm SAI Global has announced it has completed its acquisition of Nasdaq’s BWise.
According to SAI Global, the deal makes it one of the world’s largest risk management and ethics learning businesses, claiming it changes the Integrated Risk Management (IRM) industry landscape.
The acquisition will see BWise’s risk management, internal audit and regulatory compliance platform combine with SAI Global’s SAI360 risk and compliance solution. The firms’ combined customer base can expect an introduction to SAI Global’s catalogue of risk and compliance solutions, including the company’s ethics and compliance learning content; access to an expanded global network of services and support teams in more than 50 offices across 28 countries and six continents; and an increased R&D investments in BWise’s technology, which will become part of the broader SAI360 risk platform strategy.
“This is a significant milestone and the next step in SAI Global’s growth roadmap, expanding our global presence, bringing us closer to financial services customers and delivering world-class internal audit and regulatory compliance management software capabilities at scale,” SAI Global Peter Granat said. “We’re thrilled to formally welcome the BWise team and we look forward to leveraging their capabilities and deep industry domain expertise to accelerate innovation.”
Additionally, under the terms of the acquisition, BWise chief executive officer Jonathan Deeks will now report to Granat.
“The industry is rapidly changing and there is growing pressure for companies to adapt and respond to threats, seen and unseen,” Deeks added. ‘We have found a great strategic fit with SAI Global and are focused on the expanded capacity for innovation and greater support for our customers that this collaboration will bring.”
