Diligent to Become Largest Global GRC SaaS Company through Galvanize Acquisition

March 10, 2021

Willkie represented Diligent in the transaction.

Diligent Corporation, a modern governance company with a platform used by nearly 700,000 board directors and leaders, signed an agreement to acquire Galvanize, a global leader in SaaS governance, risk, and compliance (GRC) software. The Galvanize transaction follows Diligent’s acquisition of Steele Compliance Solutions, Inc., a leader in ethics and compliance SaaS.

With the acquisition of Galvanize, Diligent will become the largest SaaS GRC provider. The combined solution with enrichment from Steele will enable an integrated GRC picture – from Audit, Risk, Information Security, Ethics and Compliance across the organization directly to the CEO, CFO and Board.

Galvanize is a leading provider of award-winning, cloud-based security, risk management, compliance, and audit software for some of the world’s largest organizations. It offers an integrated cloud GRC platform powered by robotic data automation across security, risk management, compliance, and audit software for 6,000 global customers in 130 countries, including more than half of the Fortune 1000 and S&P 500. Galvanize is trusted by more than 900 government agencies worldwide, including most large agencies in the U.S. federal government, to advance their missions transparently and efficiently.

Diligent is a pioneer of modern governance software. Its governance platform provides ways for leaders to digitally transform their governance practices, from increasing board and executive effectiveness to proactively managing risk and compliance practices to integrating real-time industry and company data like cyber risk scores and board composition. Nearly 700,000 governance leaders from over 19,000 organizations and 90 countries rely on the Diligent modern governance platform.

The Willkie team representing Diligent was led by partners Morgan Elwyn, Thomas Mark, and Erin Kinney.