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.

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