Riskonnect, a prominent vendor in the Integrated Risk Management (IRM) sector and a leading player in the governance, risk, and compliance (GRC) platforms market, has announced its acquisition of Camms, a major provider of enterprise cloud-based GRC software. This strategic move not only broadens Riskonnect’s global reach, particularly in Australia, New Zealand, and the broader Asia Pacific region, but also aims to enhance the overall customer experience for both companies' clients.

The combined expertise of Riskonnect and Camms could disrupt the competitive landscape, highlighting the market's volatility and dynamic nature, and underscoring the need for continuous innovation and strategic partnerships to maintain a competitive edge.

According to Sahil Dhamgaye, an Analyst at Quadrant Knowledge Solutions, “The acquisition of Camms significantly strengthens Riskonnect’s already robust portfolio of GRC solutions. This move enables Riskonnect to serve a larger global audience and penetrate new industry verticals. Additionally, Camms will benefit from access to Riskonnect’s extensive software offerings, particularly its Business Continuity & Resilience Solutions, where Riskonnect is a recognized leader in the Business Continuity Management market. This strategic alignment reflects current trends in the GRC landscape, emphasizing the growing importance of enterprise-level performance management and signaling promising opportunities for collaborative advancement.”

Author: Sahil Dhamgaye, Analyst at Quadrant Knowledge Solutions