It’s official! Global Compliance, ELT and EthicsPoint have completed their merger with global private equity firm The Riverside Company as their key investor. The company will be renamed pending a rebranding and will have offices in Portland, Ore., San Francisco, Red Bank, N.J. and Charlotte, N.C. The new organization will be a leading player in the governance, risk and compliance (GRC) industry with the capacity to meet the expanding needs of customers all over the world.
Recently, we discussed the growing demand for GRC convergence and how our pending merger would place us at the forefront of the ethics and compliance industry’s shift towards helping clients integrate their GRC functions. Now that day has arrived. The merger expands on each organization’s strengths, providing clients with a single, comprehensive resource to help protect their organizations from adverse risk, enhance their corporate cultures and drive better business results.
As Mark Reed, CEO of the new company, states, “Enterprise risk and compliance issues have become more complex and globalized, increasing both regulation and enforcement along with escalating litigation risk. These factors place an increasing focus on ethics and compliance, making a single organization that can help companies respond to these risks from beginning-to-end both unique and highly sought after.”
Click here to read the full press release.