SAI Global, an integrated risk management software provider, has added a new function to its RegTech offerings by acquiring regulatory compliance platform BWise. The deal is aimed at helping organizations across multiple industry verticals manage their risk, compliance, and audit programs. Terms of the deal were not disclosed. Apart from this, SAI Global also purchased ResilienceONE, a crisis-management software product, from Strategic BCP which is a business continuity management firm.
Found in 1994, BWise’s software measures a company’s progress in complying with regulations such as the Dodd-Frank Act and Basel III. Its largest user base is European insurance groups, but it also has clients globally in oil and gas, banking, and retail.
SAI Global CEO Peter Granat, has said of the acquisition: “The pervasive and unpredictable risk landscape requires organizations to eliminate silos, and focus on time to value across a broad set of use cases. Adding BWise’s expertise in the financial services sector and its award-winning governance, risk and compliance technology solutions, definitively position SAI Global as the leader in integrated risk management.”