Klass follows PPM acquisition with compliance software buy
Klass Capital’s December 2014 acquisition of PPM was followed by their acquisition of Resolver Inc., a global leader in risk-based corporate performance, compliance, and assurance software. The acquisition includes Resolver’s GRC product line, their company operations, and established customer base of more than 400 companies around the world.
Will Anderson, PPM’s CEO, stated, “The combination of Resolver and PPM will give us a truly unique, enterprise risk management solution that merges governance, risk, and compliance with end-to-end incident management.” Added Daniel Klass, Klass Capital’s Managing Partner, “Resolver is an essential component of Klass and PPM’s vision to build a scalable SaaS platform for the risk and compliance market. We are excited to partner with the Resolver team, which brings to the table deep industry expertise and experience.”
Resolver’s Steve Taylor, who will be stepping into a new role as the VP of Business Development across both PPM and Resolver, stated “Client demand has shown us the importance of integrating deep incident management capabilities with our existing risk management, compliance, and audit solutions. With Resolver and PPM working together, we’ll continue to offer our clients industry leading GRC solutions with unmatched breadth and depth.”
Elaine O’Sullivan, PPM’s President, echoed this sentiment, “More and more, our Perspective clients are being asked to expand its use for enterprise risk management across legal, finance, internal audit, and of course, security. Governance, risk, and compliance naturally becomes part of the conversation. We look forward to working with Resolver as we introduce their GRC suite to our clients, initially as a separate solution but, over time, as a unified platform.”
PPM and Resolver will continue to operate out of Edmonton and Toronto, focused on their respective customer bases and current roadmaps. Over time, the two companies will be merged under a common vision, bringing together the leadership and operations of both organizations.