Risk management software provider Riskonnect has made its second major acquisition of the year, adding enterprise resilience software provider Castellan. Terms of the deal were not disclosed; the move marks Riskonnect’s second of 2022, after it acquired Sword GRC in February.
“Castellan’s emphasis on business continuity and resilience is a natural fit with Riskonnect’s goal of giving customers complete visibility into risk exposure and transforming the way they manage and respond to risk,” Jim Wetekamp, Riskonnect’s CEO, said in a news release. “The addition of Castellan’s deep expertise and innovative software and services will enable Riskonnect to deliver unmatched value to our customers, expand our consulting and managed service offerings and continue to grow globally.”
The move is expected to enhance both Riskonnect and Castellan’s platforms. Castellan has more than 750 customers in 30-plus countries.
“Riskonnect shares our relentless commitment to customer success and equipping risk and compliance teams with the best tools to protect their organizations and successfully recover from disruptions,” Jon Ezrine, CEO at Castellan, said in the news release. “Our customers will gain access to an unparalleled integrated risk management solution through this acquisition, as well as to a tremendous community of peers and partners that comes with a globally recognized leader such as Riskonnect.”
Before acquiring Castellan and Sword GRC this year, Riskonnect had previously acquired Xactium and ICIX.