Camms Unites with Riskonnect, Amplifying GRC Expertise for Next-Level Solutions

In a strategic manoeuvre aimed at fortifying Governance, Risk, and Compliance (GRC) capabilities, Camms, recognized for its trailblazing contributions to the industry, has formally been acquired by Riskonnect, a global leader in Integrated Risk Management (IRM) solutions.

The acquisition signifies a strategic endeavour aimed at reshaping the integrated risk management landscape, fostering innovation within Riskonnect, and unlocking fresh value for customers within the unified entity. This collaborative initiative strengthens organizations with an expanded range of solutions, consolidating all facets of risk management and providing them with a robust suite of offerings.

Core Tenets of the Alliance

Elevated Risk Management Acumen: The collaboration between Riskonnect and Camms will empower organizations with a greater ability to confront a wide spectrum of risk management challenges. 

Comprehensive Risk Management Solutions: By joining their respective expertise, the union aims to offer solutions that encompass the entire breadth of Integrated Risk Management, spanning comprehension, planning, integration and orchestration.

Better Investment and Innovation: This strategic union delivers increased investments in solutions, accelerates innovation, and amplifies global outreach to meet the ever-evolving requirements of our customers. 

Unified Values and Culture: The convergence of two highly-recognized risk management leaders – underpinned by shared values, cultural ethos, and proficient teams – promises to continue our journey to create a great place to work while delivering solutions that meet our customers’ growing needs.

Navigating the Risk Terrain

In today’s dynamic business climate, navigating the risk landscape feels akin to manoeuvring through a complex maze of uncertainties, calling for agile responses and proactive mitigation strategies. Organizations grapple with an array of pervasive and unforeseeable risks that pose formidable challenges to resilience and reputation alike. The integration of Camms and Riskonnect promises to arm organizations with a robust suite of integrated risk management solutions designed to confront the multifaceted challenges inherent in contemporary business environments. 

Insights from Leadership

Adam Collins, CEO of Camms, commented on the strategic alignment, asserting, “Riskonnect embodies a seamless synergy with our ethos. By pooling our competencies and fostering collaboration among our teams, we are poised to deliver a comprehensive product portfolio that resonates with our commitment to empower organizations in making informed decisions, pre-emptively mitigating risk and fostering a culture of advancement.” 

Collins continued, “Our integration into the Riskonnect family fast-tracks our strategic trajectory. The fusion of Riskonnect’s IRM prowess with Camms’ innovative GRC solutions promises a transformative era in the realm of risk management. 

“We extend our heartfelt appreciation to our Board of Directors – including Joe Collins, our Executive Chair and Founder – for their dedication and vision, which have propelled Camms to its current standing and facilitated this agreement with Riskonnect. We are grateful for their leadership and unwavering support throughout the extensive process, which has culminated in the exciting union between Camms and Riskonnect.”

Jim Wetekamp, CEO of Riskonnect, said: “Riskonnect set out on a mission years ago to help organizations change the way they perceive, manage, and respond to risk. Camms shares in this mission and brings cutting-edge solutions that will enable Riskonnect to broaden its portfolio and continue to strategically innovate to meet customers’ evolving needs and support them on their integrated risk management journey. The two companies are very closely aligned on culture, market view, and commitment to customer success. We’re thrilled to welcome Camms aboard.” 

Tom Kerin, Camms’ Chief Product Officer, underscored the strategic significance of the transaction, explaining, “This transaction epitomises Camms’ steadfast dedication to product evolution and the cultivation of comprehensive solutions. The fusion of two distinguished technology frontrunners in IRM and GRC promises to bring about greater investments, innovation, and global reach.” 

What’s Next?

As Camms and Riskonnect embark on this transformative journey, they endeavour to redefine the landscape of integrated risk management, fortifying organizations against the complexities of an ever-evolving risk terrain. 

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About Camms

With integrated solutions in GRC, strategy, projects, and people, Camms’ business software will help businesses make the right decisions, manage risks, align the talents of the organization, and focus on what matters. With over 25 years of experience, Camms has continually invested in ensuring its software supports organizations to achieve their goals. It has tens of thousands of users across five continents, with offices in the UK, North America, Australia, and Asia. Camms thrives on watching its clients achieve results and stay a step ahead. To learn more, visit www.cammsgroup.com.

About Riskonnect

Riskonnect is the leading integrated risk management software solution provider. Its 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 2000 customers across six continents use its unique risk-correlation technology to gain previously-unattainable insights that deliver better business outcomes. Riskonnect has more than 1100 risk management experts in the Americas, Europe, and Asia. To learn more, visit www.riskonnect.com.