Integrated risk management software provider Riskonnect continues expanding, making cloud-based GRC provider Camms its latest acquisition. Terms of the transaction were not disclosed.
Riskonnect’s deal with Camms follows its January acquisition of Ventiv Technology, a risk management and insurance solutions provider, and is its fourth in three years.
The acquisition of Camms will enable Riskonnect to deliver enhanced GRC functionality to customers, including IT risk and strategy, the company said in a news release, while Camms customers will gain access to a broader array of risk and compliance services and solutions.
Both Riskconnect and Camms products will continue to be sold and supported.
“We’re thrilled to join forces with Riskonnect. The acquisition expands the breadth of solutions, services and collaboration opportunities available to our customers to help them address today’s dynamic and fast-paced risk landscape,” said Adam Collins, CEO of Camms.
