Riskonnect, the leader in integrated risk management (IRM) solutions, announced the closing of its acquisition of Sword GRC, a UK-based software company that specializes in project and enterprise risk management solutions, from Sword Group. The acquisition advances Riskonnect’s IRM vision by seamlessly incorporating project risk capabilities into its platform, enabling customers to bring all aspects of enterprise risk under one roof.
“The acquisition of Sword GRC supports Riskonnect’s mission to deliver the tools our customers need to get end-to-end visibility that reduces risk, increases efficiency, and drives organizational performance,” said Jim Wetekamp, Riskonnect’s CEO. “Adding the innovative project risk software to our IRM platform enables us to bring a truly unparalleled and comprehensive risk management solution to the market.”
The acquisition drives both organizations’ global growth objectives and enables Riskonnect to enter into new key vertical and geographic markets. Sword GRC specializes in project and enterprise risk management solutions for the aerospace and defense, energy, financial services, and government industries. The combined entity now serves over 1,200 customers and 800 employees worldwide.
The deal closed on April 21, 2022. Bryan Garnier & Co acted as financial advisor and Mayer Brown acted as legal counsel to Sword Group, and Kirkland & Ellis acted as legal counsel to Riskonnect.