OUR BLOG SUPPORT REGION LOGIN SOLUTIONS WHO WE SERVE SERVICES RESOURCES COMPANY CONTACT US SCHEDULE DEMO Riskonnect Acquires ICIX, a Leading ESG Technology Provider, to Equip Global Organizations to Act on Sustainability Risks View Larger Image Acquisition enables Riskonnect customers to further integrate ESG into Governance, Risk, and Compliance Programs October 07, 2021 Atlanta – Riskonnect, the leader in integrated risk management (IRM) solutions, has acquired ICIX, a California-based value chain governance company that empowers businesses to manage, monitor, and verify ESG performance. The acquisition accelerates Riskonnect’s global growth by expanding its IRM product suite to better serve the increasing risk and compliance demands of the fast-growing ESG market. “Organizations are actively incorporating ESG into their overall risk and compliance strategy to build resilience and meet heightened expectations for how they make a positive environmental and social impact. We’re committed to helping organizations along that journey,” said Jim Wetekamp, Riskonnect’s CEO. “The addition of ICIX’s deep industry experience, talented team, and innovative solutions will equip our customers to elevate and transform the way they manage risk and create value.” ICIX’s feature-rich ESG solution provides risk, audit, and compliance leaders with transparency and controls across sourcing and supply chain management, safety and quality compliance, diversity and inclusion (D&I), trading partner onboarding, information exchange, and performance management. “ICIX is a great addition to the Thoma Bravo portfolio. Organizations that prioritize ESG and deliver value for all stakeholders are more likely to succeed and deliver better returns than those that don’t,” said Hudson Smith, Partner at Thoma Bravo, Riskonnect’s parent company. “The combined capabilities and expertise will be invaluable for organizations looking to better manage their environmental and societal impact while growing and protecting the bottom line.” The acquisition accelerates Riskonnect’s global growth strategy, strengthens its ESG and supply chain capabilities, and provides customers with an innovative and market-leading trading network and analytics technology for ESG and compliance. Riskonnect was attracted to ICIX because of its synergistic organizational culture, platform, view of the market, and commitment to customer success. “ESG remains front-page business news. Organizations need a structured strategy and processes supported by an agile information and technology architecture to effectively address ESG risks,” said Michael Rasmussen, The GRC Pundit & Analyst, GRC 20/20 Research, LLC. “Riskonnect, with this acquisition, is delivering the architecture needed to extend its GRC offering to encompass organizations’ ESG needs.” The investment will also offer ICIX customers access to new capabilities through Riskonnect such as insurable risk management (RMIS), GRC, and healthcare risk solutions. Customers will also benefit from working with an organization familiar with supporting global brands around the world. Terms of the transaction were not disclosed. Kareem El Sawy, Founding General Partner of Arrowroot Capital and Lead Investor in ICIX added, “We’re thrilled to see ICIX’s visionary approach to ESG compliance come together with Riskonnect’s industry leading and holistic IRM platform for the modern C-suite. We’re excited to continue the journey through the next growth phase with the phenomenal leadership of Jim Wetekamp and team, and a great partner in Thoma Bravo.” About Riskonnect Riskonnect is the leading integrated risk management software solution provider. Our technology empowers organizations with the ability to anticipate, manage, and respond in real-time to strategic and operational risks across the extended enterprise. More than 950 customers across six continents use our unique risk-correlation technology to gain previously unattainable insights that deliver better business outcomes. Riskonnect has more than 525 risk management experts in the Americas, Europe, and Asia. To learn more, visit www.riskonnect.com. — Riskonnect Media Contact: Corporate Ink for Riskonnect Emma Nadeau 617-969-9192 riskonnect@corporateink.com Share This, Choose Your Platform! Facebook Twitter Reddit LinkedIn WhatsApp Tumblr Pinterest Vk Email Related Posts To Vaccinate or Not to Vaccinate? November 9th, 2021 Riskonnect Acquires ESG Technology Firm ICIX October 25th, 2021 Afternoon Coffee: Riskonnect Buys ICIX for ESG Capabilities October 25th, 2021 Search for: Categories Claims Administration Compliance COVID-19 Customer Success Stories Customer Success Stories Video Cybersecurity Enterprise Risk Management ESG Financial Services Governance Risk and Compliance Health and Safety Management Healthcare Integrated Risk Management Internal Audit Operational Resilience Press Reporting & Analytics Reports Risk Management Information Systems Third-Party Risk Management Thought Leadership Recent Risk Appetite: Know How Hungry Your Company Is for Risk November 18th, 2021 To Vaccinate or Not to Vaccinate? November 9th, 2021 Why Hospitals Need Better Cyber Hygiene November 3rd, 2021 Remote Workforce Management Risks: How to Move from Temporary Fix to Permanent Solution November 3rd, 2021 Ready to Talk? Let's start a conversation. CONTACT US Privacy Policy Connect with Us All rights reserved | Legal | Privacy Policy Review our cookie policy We'll assume you're ok with this, but you can opt-out if you wish. ACCEPT ALL REJECT Cookie settings Read More