SAI360, a leading cloud risk management and compliance software provider, announced today that Symphony Technology Group (STG) has entered into a definitive agreement to acquire SAI360 from BPEA EQT. SAI360 is a global leader in SaaS integrated risk management (IRM), environmental, health, safety and sustainability (EHS&S) and compliance learning solutions that have been trusted by enterprises globally for decades.
“This is a milestone moment for SAI360,” said SAI360 CEO Peter Granat.
“The entire team is excited about the partnership with STG, which brings deep experiences from its investments in software companies to deliver excellence for our customers and accelerate our growth, product strategy and innovation.”
“SAI360 is one of the most trusted brands in risk management, delivering mission-critical and innovative capabilities to its loyal, global enterprise customer base,” said William Chisholm, Managing Partner at STG. “We are fully committed to driving the business’ strategy to be a leading risk management and compliance platform for global enterprises.”
SAI360 provides three solution categories to its global customers:
- GRC: enables 360° view of integrated risk management, including incident management, regulatory compliance management, policy management, internal controls and audit, and third-party risk and IT risk management
- EHS&S: automates and digitizes EHS&S processes with operational risk, safety, environmental and sustainability, and health modules
- Compliance Learning: provides proprietary online training and real-time learning content across corporate compliance and ethics
SAI360’s product innovation has won it several industry awards and leaders quadrant recognition. In Verdantix’s Global Corporate Survey 2022, EHS Software Brands Recognition, SAI360’s EHS&S software solution placed in the top three for preferred brands. Also in 2022, SAI360’s Healthcare GRC module was recognized as one of the six “large established players.” The Ethics and Compliance Learning team collected six industry awards last year, including four Brandon Hall awards.
The transaction is subject to customary regulatory approvals and other conditions. Financial terms of the transaction were not disclosed.