Workflow
Risk and Compliance (GRC)
icon
Search documents
Wolters Kluwer acquires StandardFusion
Globenewswire· 2026-01-09 19:38
Core Insights - Wolters Kluwer has acquired StandardFusion for approximately €32 million, enhancing its global leadership in audit and governance, risk, and compliance (GRC) solutions [2][3] Acquisition Details - The acquisition will integrate StandardFusion into Wolters Kluwer's TeamMate platform, creating a unified solution for audit and GRC, addressing the increasing demand for integrated risk and control oversight [3][4] - StandardFusion's platform is enterprise-ready, featuring over 150 compliance frameworks, which will enhance TeamMate's capabilities in quality assurance and compliance [5] Financial Impact - StandardFusion reported un-audited gross revenues of approximately €4 million (C$6 million) in 2024, with about 94% being recurring revenue [6] - The acquisition is expected to achieve a return on invested capital (ROIC) above 8% within 3 to 5 years, with around 40 full-time employees joining Wolters Kluwer [6] Company Overview - Wolters Kluwer reported annual revenues of €5.9 billion in 2024 and operates in over 180 countries, employing approximately 21,600 people [8]
Telos Corporation Secures Multi-Million Dollar Contract Renewal with U.S. Air Force
Globenewswire· 2025-06-11 12:15
Core Insights - Telos Corporation has secured a $3.7 million contract extension with the U.S. Air Force to provide automation solutions for cyber governance, risk, and compliance through its platform Xacta [2][3] - The contract aims to assist the Air Force Intelligence Community in automating a significant portion of its cyber GRC requirements across various environments, including top secret and secret networks [2][3] - The CEO of Telos expressed pride in continuing to support the Air Force in meeting complex cybersecurity standards and reducing compliance burdens through the efficiency of Xacta [3] Company Overview - Telos Corporation (NASDAQ: TLS) specializes in cybersecurity, cloud security, and enterprise security solutions, catering to security-conscious organizations globally [6] - The company's offerings include IT risk management, information security, cloud-based asset protection, identity and access management, and network defense [6] - Telos serves a diverse clientele, including commercial enterprises, regulated industries, and government customers [6]
Compyl Closes $12 Million in Series A Funding
GlobeNewswire News Room· 2025-06-04 10:00
Company Overview - Compyl is a unified Governance, Risk and Compliance (GRC) platform that transforms complexity into data-driven insights and AI-guided actions [1][8] - Founded in 2020, Compyl has rapidly expanded, doubling its customer base in each of the last two years and achieving triple-digit year-over-year Annual Recurring Revenue (ARR) growth [3] Recent Developments - Compyl has closed $12 million in Series A financing to address the growing demand for its unified solution [1] - The funding round was led by Venture Guides, with participation from existing investors including Contour Venture Partners, Armory Square Ventures, nvp capital, Alpine Meridian Ventures, Brooklyn Bridge Ventures, and Zelkova Ventures [1][3] Market Context - According to ISACA, 57% of security professionals report their teams are understaffed, and 41% cite time commitment as a primary challenge in conducting annual cyber risk assessments [2] - Compyl aims to set a new standard for GRC by uncovering hidden risks and gaps in disconnected data, delivering real-time contextual insights, and automating security benchmark checks [2] Product Features - Compyl's modular architecture is flexible and agile, providing configurable workflows and real-time dashboards without the need for custom IT development [5] - The platform enables organizations to proactively manage risk, streamline workflows, and maintain continuous compliance [8] Strategic Vision - Compyl's approach reflects the future of Digital Risk and Digital Resilience by unifying enterprise data and automating best practices [4] - The platform allows GRC teams to maintain compliance, address critical vulnerabilities, and stay ahead of cyber threats, providing actionable, real-time insights while reducing manual effort [7]