ACL,
together with recently-acquired Rsam, announced today that they have
rebranded as Galvanize. The company also unveiled its integrated
governance, risk, and compliance (GRC) platform HighBond, the only fully
integrated, true SaaS product platform offering a suite of GRC use
cases. HighBond is the only GRC platform offering seamless data
integration across enterprise systems, enabling powerful robotic process
automation and advanced analytics. These are the latest moves in the
company’s strategy to consolidate the $40-billion GRC software market.
“We are here to be the company that transforms the role of GRC software
in managing organizational risk and performance, similar to how
Salesforce.com consolidated customer relationship management (CRM),”
said Laurie Schultz, President and CEO of Galvanize. “I talk to
security, risk, and compliance professionals around the world and there
is remarkable consistency in their experience: existing GRC products or
spreadsheets don’t help them drive change because they are expensive to
own and hard to use, because they take outdated approaches, and because
it takes multiple products to get only part of the job done. We chose
Galvanize as our new brand because it embodies our vision of making GRC
professionals the most sought-after people in their organizations, based
on their ability to catalyze change by bonding organizational silos in
pursuit of a consolidated view of risk and a new level of security
protection. Our HighBond platform strengthens organizations to do heroic
work.”
Powered by ACL and Rsam, the HighBond platform by Galvanize is rapidly
displacing legacy GRC software products such as RSA Archer, IBM
OpenPages, and MetricStream. It is fundamentally less expensive to own,
easier to deploy, faster for users to adopt, and much more powerful in
driving actionable executive risk intelligence thanks to its intuitive
design, built-in best practices, and unique robotic process automation
capabilities. HighBond is already bringing impactful change to 72% of
the Fortune 500 and more than 900 government organizations around the
world. Customers experience an average 413% return on investment and net
customer retention exceeds 100%.
The HighBond platform offers customers an out-of-the-box solution for
common risk areas like third-party risk management, internal audit
management, security incident management, and many others. The platform
also supports a clear, simple path for expanding into new use cases
towards a fully mature and integrated GRC program.
According to GRC industry thought leader Michael Rasmussen, “The GRC
software industry is a massive, growing market supported by over 800
solutions, many of these very niche, and it is due for consolidation.
The combination of ACL and Rsam creates a compelling value proposition
for customers seeking a single SaaS GRC vendor with outstanding data
automation capability at a measurable value of efficiency,
effectiveness, and ability. Galvanize is one of the new generation of
agile GRC solutions to watch.”
Earlier this year, ACL acquired Rsam, immediately doubling R&D capacity
and accelerating the delivery of innovation to 7,000 customers in 135
countries. The acquisition and rebrand followed a $70M strategic
investment by Norwest Venture Partners starting in 2017 and over 60%
organic GRC growth in the past 12 months.
To learn more about Galvanize and the HighBond platform, please visit:
wegalvanize.com
About Galvanize
Galvanize builds award-winning, cloud-based security, risk management,
compliance, and audit software to drive change in some of the world’s
largest organizations. We’re on a mission to unite and strengthen
individuals and entire organizations through the integrated HighBond
software platform. With more than 7,000 customer organizations in 140
countries, Galvanize is connecting teams in 60% of the Fortune 1,000,
72% of the S&P 500, and hundreds of government organizations, banks,
manufacturers, and health care organizations. Whether these
professionals are managing threats, assessing risk, measuring controls,
monitoring compliance, or expanding assurance coverage, HighBond
automates manual tasks, blends organization-wide data, and broadcasts it
in easy-to-share dashboards and reports. But we don’t just make
technology—we provide tools that inspire individuals to achieve great
things and do heroic work in the process.
Supporting Resources:
Website: www.wegalvanize.com
Twitter: https://twitter.com/wegalvanize
LinkedIn: linkedin.com/company/wegalvanize
©2019 ACL Services Ltd. dba Galvanize. ACL, Galvanize, the Galvanize
logo, HighBond, and the HighBond logo are trademarks or registered
trademarks of Galvanize. All other trademarks are the property of their
respective owners.
View source version on businesswire.com: https://www.businesswire.com/news/home/20190513005138/en/