Riskonnect acquires UK-based compliance software firm Xactium

GA-based risk management software provider Riskonnect has acquired Xactium, a UK-based GRC software provider established in 2003.

“Today’s enterprise risk landscape is dominated by uncertainty, complexity, and change. Staying ahead requires a robust combination of expertise, intelligence, and technology. Xactium delivers on all three fronts. Adding Xactium’s deep industry experience, talented team, and innovative solutions to our GRC offerings will empower our customers to elevate and transform the way they manage risk and compliance and create value. We’re thrilled to welcome the entire company and customers to Riskonnect.” – Jim Wetekamp, CEO of Riskonnect.

“Innovation, collaboration, and delivering value are core to our DNA, which makes us a great fit with the Riskonnect team. Riskonnect’s global reach, impressive customer base, and market leadership will position us to help more organizations across the world. We are very excited to integrate with their team and collaboratively push the boundaries on what’s possible in integrated risk management.” – Andy Evans, chief executive officer, Xactium .