Diligent Completes Acquisition Of Galvanize, Becoming The World’s Largest GRC SaaS Company

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Diligent completes the acquisition of Galvanize_ becoming the world's leading GRC SaaS company

Modern Governance Company Diligent Corporation (“Diligent” or “Company”) today announced SaaS Governance Risk Compliance (“Dilligent” or “Company”) GRC) Announced that it has completed the acquisition of global software leader Galvanize .

With the recent acquisition of Steele Compliance Solutions, Inc. (“Steele”), a global leader in ethics and compliance SaaS, Diligent is now the largest GRC SaaS company in the world, with more than 1500 employees and 1 million people. We have more users. Neither transaction discloses financial terms.

By integrating Galvanize and Steele into Diligent’s modern governance platform, we create a comprehensive solution that meets the GRC needs of our customers, from IT to board of directors . The platform provides customers with the following assistance:

  • Implement and measure risk management and control across the organization
  • Enrich insights and enhance regulatory compliance with best practices and external benchmarks
  • Comprehensive data so that management and the board of directors can comprehensively understand

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The integrated company serves more than 23,000 customers across all industries and provides concierge-level support based on the highest customer satisfaction scores on the market.

Diligent will benefit from Galvanize’s solid network of partners and will also benefit from its comprehensive “leadership” reputation by analysts at both Gartner and Forester. With over 80 integrations with leading technology partners, Galvanize also accelerates Diligent’s smooth integration into the customer’s existing technology stack.

Brian Stafford, CEO of Diligent, said: “Dilligent is proud to create the future of modern GRC by building an operating system for purpose-driven capitalism. We are stakeholder capitalism with growing visionary leaders. It enables us to move forward with our ESG commitments.

Customers can expect a fully integrated platform that covers risk, compliance, auditing and governance and drives strong visibility across the organization. We look forward to welcoming the talented people of Galvanize and Steele and look forward to working together to create a positive impact for our customers. ”

Laurie Schultz, President and CEO of Galvanize, said: “Diligent is a clear market leader used by modern and future leaders in the field of board governance platforms. By joining such a company, Galvanize enhances the work of GRC professionals on the board. Bringing it deeper into the field. This combination will greatly advance our vision of positioning GRC as an integral part of any company through our category leadership. ”

Credit Suisse served as Deligent’s exclusive financial adviser and Wilkey Far and Gallagher served as legal adviser. Evercore served as financial adviser to Galvanize and Fasken Martineau de Moulin served as legal adviser.

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