Integrated risk management software firm Riskonnect has acquired ICIX, a California-based value chain governance company that helps businesses manage their environmental, social and governance performance.
The acquisition accelerates Riskonnect’s growth by expanding its integrated risk management product suite to better serve the demands of the fast-growing ESG market.
ICIX provides risk and compliance managers with transparency and controls across sourcing and supply chain management, safety and quality compliance, diversity and inclusion, trading partner onboarding, information exchange, and performance management.
“Organizations are actively incorporating ESG into their overall risk and compliance strategy to build resilience and meet heightened expectations for how they make a positive environmental and social impact. We’re committed to helping organizations along that journey,” said Jim Wetekamp, Riskonnect’s CEO.
The investment will also offer ICIX customers access to new capabilities through Riskonnect such as insurable risk management and healthcare risk solutions.
Atlanta-based Riskonnect has more than 525 risk management experts in the Americas, Europe, and Asia.
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