Riskonnect acquires Castellan Solutions

Integrated risk management solutions provider Riskonnect has announced the acquisition of Castellan, adding the firm’s enterprise resilience management offering to its portfolio. The move aims to develop Riskonnect’s aim of bringing all aspects of risk under one roof by incorporating business continuity and operational resilience capabilities into its platform.

Castellan serves more than 750 customers in over 30 countries and has 130 employees. Jim Wetekamp, Riskonnect CEO, said: “Castellan’s emphasis on business continuity and resilience is a natural fit with Riskonnect’s goal of giving customers complete visibility into risk exposure and transforming the way they manage and respond to risk.

“The addition of Castellan’s deep expertise and innovative software and services will enable Riskonnect to deliver unmatched value to our customers, expand our consulting and managed service offerings, and continue to grow globally.”

Riskonnect’s acquisition of Castellan follows three other strategic purchases in the past two and a half years. Riskonnect’s acquisitions of Xactium, ICIX and Sword GRC have expanded the company’s reach across risk management, governance, risk, and compliance, and environmental, social, and governance.

    Share Story:


Cyber risk in the transportation industry
The connected nature of the transport and logistics industries makes them an attractive target for hackers, with potentially disruptive and costly consequences. Between June 2020 and June 2021, the transportation industry saw an 186% increase in weekly ransomware attacks. At the same time, regulations and cyber security standards are lacking – creating weak postures across the board. This podcast explores the key risks. Published April 2022.

Political risk: A fresh perspective
CIR’s editor, Deborah Ritchie speaks with head of PCS at Verisk, Tom Johansmeyer about the confluence of political, nat cat and pandemic risks in a world that is becoming an increasingly risky place in which to do business. Published February 2022.