SAI Global to Acquire BWise from Nasdaq
Combination of SAI Global’s industry-leading risk and compliance solutions and BWise’s award-winning enterprise risk management, internal audit and regulatory compliance management platform advances SAI Global’s market leadership
- Bringing together BWise with SAI Global's software capabilities and innovative Ethics & Compliance Learning content will create the most complete integrated approach to risk management on the market
- Acquisition elevates SAI Global's internal audit and regulatory compliance management software capabilities, accelerating its ongoing product innovation and commercial growth
- Bolsters expansion of SAI360 for Financial Services helping institutions keep pace with rising digital risk, regulatory pressure and market volatility
SAI Global, a recognized global provider of integrated risk management (IRM) software and the world's leading provider of ethics and compliance learning content, today announced it has entered into an agreement with Nasdaq, Inc. (Nasdaq: NDAQ) to acquire BWise®, a recognized leader in internal audit, regulatory compliance management, and operational risk management software.
With this latest acquisition, SAI Global takes the next step in its SAI360 risk software strategy; helping organizations across multiple industry verticals manage their risk, compliance and audit programs at a time of intensifying demand on organizational 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.
“The pervasive and unpredictable risk landscape requires organizations to eliminate silos, and focus on time to value across a broad set of use cases. Adding BWise's expertise in the financial services sector and its award-winning governance, risk and compliance (GRC) technology solutions, definitively positions SAI Global as the leader in integrated risk management.” said Peter Granat, SAI Global CEO. “We are very excited to bring our teams together and leverage our newly-combined capabilities.”
BWise, which was founded in 1994 and is headquartered in The Netherlands, has grown to become a major enterprise GRC software player across the world. A Forrester Wave™Leader, BWise's GRC platform is based on strong heritage in business process management and Risk Intelligence services that provide organizations 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 four-time Gartner Magic Quadrant Leader for Business Continuity Management (BCM) Strategic BCP ResilienceONE, an award-winning BCM 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.