PLAINSBORO, N.J., Jan. 12, 2012 /PRNewswire/ -- SAI Global
(ASX: SAI), the world's leading partner to global organizations in
Code of Conduct, compliance and ethics training, GRC
solutions, and environmental, health & safety (EH&S)
software, today announced that it has signed a definitive agreement
to acquire 100% of the share capital in Compliance 360, an
industry-leading software provider of enterprise governance, risk
management, compliance and audit management (GRC)
solutions. Compliance 360 will remain in Atlanta, GA upon completion of the acquisition
and operate as a line of business for SAI Global's Compliance
Division.
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)
Compliance 360's cloud-based Software-as-a-Service (SaaS) design
and delivery allows businesses to securely manage financial
controls, internal audit processes and compliance obligations with
minimal IT infrastructure costs. Hundreds of healthcare,
insurance and financial services companies use Compliance 360's
SaaS-based GRC software and, as noted in the recently published
"Forrester Wave™: Enterprise Governance, Risk and Compliance
Platforms, Q4 2011," published by Forrester Research, Inc.,
Compliance 360 received the highest scores for customer
satisfaction among all vendors covered by the report.
"Global organizations want to establish and manage their own
governance, risk and compliance business processes in an efficient,
cost-effective fashion. One of the best ways organizations
can accomplish this is with a highly configurable SaaS-based GRC
platform," said Andy Wyszkowski,
Global Head of Compliance at SAI Global. He added,
"Compliance 360 addresses this market need and is a great fit with
our business. We intend to support and extend the Compliance
360 SaaS platform and integrate it with SAI Global's learning
platform for a comprehensive compliance solution."
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, etc. 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.
"The Compliance 360 merger with SAI Global is a great win for
our customers," said Steve McGraw,
Compliance 360 President, who will now report directly to
Andy Wyszkowski. "We've always
worked to deliver innovative and compelling solutions that provide
value, and we believe SAI Global will offer us a significant
opportunity to increase this value and further invest in our
products, services and employees. We are delighted to be part
of an organization that has global reach across the entire range of
compliance and ethics solutions, from advisory services,
benchmarking and Code of Conduct to compliance and ethics training,
hotline and anti-corruption. We are very excited about
the future with SAI Global."
The acquisition is expected to close by the end of
January. Signal Hill advised Compliance 360 on the
transaction.
About Compliance 360
The original Governance, Risk and Compliance (GRC) software
company born in the cloud, Compliance 360 brings order and
efficiency to the complexity of enterprise governance, risk
management, compliance and audit management. The Compliance 360
family of GRC software applications includes regulatory compliance
software, policy management software, internal audit software,
incident management software, ERM software and a wide variety of
specialty applications. More than 250,000 professionals every
day in financial services, insurance, healthcare, distribution and
other regulated industries rely on Compliance 360 to protect their
reputations and brands. www.compliance360.com
About SAI Global Compliance
SAI Global provides organizations with a wide range of
governance, risk and compliance (GRC) products, solutions and
services that help build organizational integrity and meet overall
business objectives. With more than twenty-five years experience
and offices in more than 25 countries, SAI Global's solutions
include a wide range of GRC products and services including risk
and culture assessments, a full range of advisory services, best
practice Code of Conduct program development and review,
whistleblowing hotline services, compliance and ethics training and
awareness, regulatory knowledge, policy management, case
management, third party compliance management including automated
due diligence workflow and management, and GRC software to
enhance the power and value of a compliance risk management
business process. www.saiglobal.com/compliance
Media Inquiries
Tia Smallwood, Senior Vice
President, Global Marketing, SAI Global Compliance, phone (609)
955-5135, tia.smallwood@saiglobal.com
SOURCE SAI Global