Riskonnect, a US-based risk management software firm, has acquired Camms, a cloud-based governance, risk, and compliance (GRC) software platform. This acquisition is set to enhance Riskonnect’s innovation in risk management by integrating Camms’ advanced GRC functionalities with its own offerings. Camms brings additional IT risk services to the table, complementing Riskonnect’s existing business continuity and resilience solutions.
The integration of Camms into Riskonnect’s portfolio will provide a more comprehensive risk management solution under one roof. This combination is expected to improve the management of various risk aspects, benefiting customers with a more robust platform that addresses a wider range of risk management needs.
In addition to expanding its service capabilities, the acquisition will also extend Riskonnect’s geographical reach. The firm will gain a stronger presence in the Asia-Pacific region, including Australia and New Zealand, which will enhance its ability to serve clients in these key markets.
Overall, the acquisition of Camms by Riskonnect represents a significant strategic move to offer a more integrated and expansive GRC solution. This merger aims to fuel innovation in risk management and deliver a broader array of services to clients across different regions.
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