PORTLAND, Ore.--(BUSINESS WIRE)--Leading ethics and compliance software and services company NAVEX Global® announced today that it has acquired Lockpath, Inc., a recognized leader in Integrated Risk Management (IRM) software solutions.
“This transaction is in direct response to our customers’ desire for a more holistic approach to GRC program development that includes both compliance and integrated risk management,” said Bob Conlin, NAVEX Global President and CEO. “Customers want to work with a single, trusted provider who can reliably deliver and support governance, risk and compliance on a global, enterprise-wide scale. The addition of Lockpath’s industry leading risk management solutions to our existing solution portfolio positions NAVEX Global as the leader in this fast-growing market.”
Founded in 2010, Lockpath develops, markets, and delivers cloud-based (SaaS) enterprise software solutions that help organizations become more resilient through integrated risk management. The company’s Keylight platform is a straightforward, agile IRM solution that addresses strategic, operational, and IT risks for customers of varying complexity and sizes, ranging from small firms to Fortune 10 enterprise companies. Lockpath is recognized in the Gartner® Integrated Risk Management Magic Quadrant as a Leader, and is also cited in several other Gartner reports.
“Lockpath was built on solving the complex problem of managing risk across the enterprise, doing so with a purpose-built software solution that is flexible, scalable and quick to implement,” said Chris Caldwell, Co-Founder and CEO of Lockpath. “We share NAVEX Global’s business philosophy that puts customer success first while delivering best-in-class solutions, support and services. We all look forward to working together in service of our customers’ success.”
Financial terms of this transaction were not disclosed.
For more information on Lockpath and the Keylight Platform, visit www.lockpath.com.
About NAVEX Global
NAVEX Global's comprehensive suite of ethics and compliance software, content and services helps organizations protect their people, reputation and bottom line. Trusted by more than 14,000 customers, our solutions are informed by the largest ethics and compliance community in the world. For more information, visit navexglobal.com; Ethics & Compliance Matters™ Blog (navexglobal.com/blog), Twitter (@NAVEXGlobal twitter.com/navexglobal), LinkedIn (linkedin.com/company/navex-global).
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