Diligent to Become Largest Global GRC SaaS Company through Galvanize Acquisition

first_img Facebook NEW YORK & VANCOUVER, British Columbia–(BUSINESS WIRE)–Feb 24, 2021– Diligent Corporation (“Diligent” or the “Company”), the modern governance company with a platform used by nearly 700,000 board directors and leaders, across 19,000 clients, today announced that it has signed an agreement to acquire Galvanize, a global leader in SaaS governance, risk, and compliance (GRC) software. Financial terms of the transaction were not disclosed. The Galvanize transaction follows Diligent’s planned acquisition of Steele Compliance Solutions, Inc. (“Steele”) a leader in ethics and compliance SaaS, which the Company signed in February 2021. Both transactions are expected to close in March. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210224006109/en/ 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. Customers will benefit from a powerful operating system that enables governance programs organization-wide, backed by trusted concierge level customer support with NPS scores over 50. Galvanize, the only company with comprehensive “Leader” recognition from both Gartner and Forrester analysts, brings the only 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. As a FedRAMP-authorized cloud service provider, 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 plans to enhance its modern governance platform with Galvanize’s 11 integrated risk and compliance solutions, bringing new insights to its leading board and leadership application and operational governance solutions. Galvanize’s flagship cloud-based platform – HighBond – aggregates risk and compliance concerns to top-level strategy across the organization, with real-time dashboards of comprehensive business metrics to the C-Suite and Board. “We are on the cusp of a new era. Executives and their boards are navigating incredible challenges and opportunities across all of their stakeholders. More than ever, they need an integrated view of data and information, as well as clear visibility and confidence for decision-making, to effectively maximize performance and mitigate risk,” said Brian Stafford, CEO of Diligent. “Risk and Compliance data traditionally sits in disparate systems across audit, compliance and risk functions and make it difficult and laborious to combine into one view for the CFO, CEO and Board. Together with Galvanize and Steele, we are excited to drive even greater impact for our clients through a completely integrated GRC platform so they can run more effective, equitable, sustainable, and successful organizations.” Laurie Schultz, president & CEO of Galvanize said: “This transaction fast forwards our vision as the operating system of conscious organizations and furthers our mission to make GRC today’s mission-critical enterprise platform. Joining forces with Diligent, the clear market leader in the governance space, represents an immediate, material and meaningful redefinition of the $41 billion GRC market. With Diligent’s presence in thousands of boardrooms across the globe, our combined offering ensures all levels of an organization will have the real-time insight they need to manage risk and optimize performance.” Credit Suisse served as the exclusive financial advisor, and Willkie Farr & Gallagher LLP served as the legal advisor to Diligent. For Galvanize, Evercore served as the financial advisor, and Fasken Martineau DuMoulin LLP served as the legal advisor. About Diligent Corporation Diligent powers modern governance, enabling transformational leaders to help their organizations do the right thing. Our governance platform provides new 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. Diligent empowers leaders and teams to stay connected, informed, and ahead of what’s next so they can run more successful, equitable, and sustainable organizations – and create positive change in the world. Today, nearly 700,000 governance leaders from over 19,000 organizations and 90 countries rely on the Diligent modern governance platform. With more than 1,000 employees globally, serving both public and private sectors, we are helping organizations digitize their governance practices and transform effective governance into a long-term, competitive advantage. Learn more at Diligent.com. About Galvanize Galvanize is the leading provider of award-winning, cloud-based security, risk management, compliance, and audit software for some of the world’s largest organizations. The integrated HighBond platform provides visibility into risk, makes it easy to demonstrate compliance, and helps grow audit, risk, and compliance programs without incurring extra costs. More than 6,000 organizations in 130 countries rely on HighBond to meet their objectives, including over half of the Fortune 1000 and S&P 500 companies, hundreds of banks, manufacturers, healthcare and government organizations. Whether managing threats, assessing risk, measuring controls, monitoring compliance, or expanding assurance coverage, HighBond automates manual tasks, blends organization-wide data, and broadcasts it in easy-to-share dashboards and reports. Learn more at WeGalvanize.com. About Steele Compliance Solutions, Inc. Steele is the global leader in Ethics & Compliance Management. We partner with the world’s largest, most respected companies to deliver compliance products and services that help organizations embrace a culture of compliance while protecting their brand. Learn more at SteeleGlobal.com. View source version on businesswire.com:https://www.businesswire.com/news/home/20210224006109/en/ CONTACT: Media Contact Michael Padovano [email protected] 908-510-8009 KEYWORD: NEW YORK UNITED STATES NORTH AMERICA CANADA INDUSTRY KEYWORD: TECHNOLOGY FINANCE PUBLIC RELATIONS/INVESTOR RELATIONS ACCOUNTING COMMUNICATIONS PROFESSIONAL SERVICES SOFTWARE INTERNET DATA MANAGEMENT SOURCE: Diligent Corporation Copyright Business Wire 2021. PUB: 02/24/2021 05:00 PM/DISC: 02/24/2021 05:01 PM http://www.businesswire.com/news/home/20210224006109/en Pinterest Diligent to Become Largest Global GRC SaaS Company through Galvanize Acquisition WhatsApp By Digital AIM Web Support – February 24, 2021 Local NewsBusiness WhatsAppcenter_img Previous articleCooper lifts curfew, eases gathering and occupancy limitsNext articleJill Biden says health inequities have lasted ‘far too long’ Digital AIM Web Support Twitter Twitter Facebook Pinterest TAGS  last_img read more

Invensys pension fund moves to surplus after sponsor sale, takeover

first_imgAfter the takeover, the trustees of the fund negotiated a guarantee from new sponsor Schneider Electric to cover liabilities of as much as £1.75bn, with the reservoir fund split between the two.In the scheme’s annual report, chairman Kathleen O’Donavan said the guarantee meant the financial security of the fund was materially better than at any point in recent years.“The trustee will continue to review the strength of the covenant the company provides,” she said.“In light of the £1.75bn guarantee, the trustee will now also assess the improved security afforded to the scheme through the strength of the wider Schneider Electric group.”The new sponsor will not grant the scheme any additional contributions other than those for active members.This, however, will be reviewed in March next year.Due to the cash injection and reservoir contribution, the fund’s value increased by £208m despite being cash-flow negative.Two-thirds of the fund’s 78,000 members are pensioners, with only 385 active members.Some 54% of assets is invested in BlackRock’s liability-driven investment (LDI) fund, which lost 4.9% over the year, outperforming its benchmark by 1.3 percentage points.Through its BlackRock mandate and other investments, the pension fund holds 42% of its assets in index-linked UK Gilts and 17% in fixed-rate Gilts.It holds 25% in corporate bonds, where managers AXA IM, M&G Investments and GLG all outperformed their respective benchmarks.Its 3%, £131m passive allocation to equities held by Legal & General Investment Management produced a 15.2% return – nearly 11 percentage points above benchmark.However, overall returns remained negative due to the impact of rising Gilt yields on LDI strategies, which account for the lion’s share of its holdings. O’Donavan said the Invensys scheme still outperformed its benchmark by 2.5 percentage points.“The strategic target took into account the impact of changing Gilt yields,” she said.“The scheme’s strategic target was -3.4%. “The fact the assets outperformed expectations over the year helped to improve the funding position of the scheme and the security of members’ benefits.” The £4.7bn (€5.7bn) Invensys Pension Scheme has seen its £445m deficit disappear after changes in the ownership structure at its sponsoring company.The fund, which made an investment loss of 0.9% over the year to April, received a £400m cash injection last year after its sponsor, Invensys, sold its rail business to German conglomerate Siemens.The fund now boasts a £121m surplus, according its latest annual report.Earlier this year, Invensys itself was sold to Schneider Electric, which renegotiated the scheme’s covenant and an additional £105m injection after the dissolution of a £225m reservoir fund.last_img read more

Celtic FC players, manager take ‘significant’ reduction in salaries amid COVID-19 pandemic

first_imgLondon: Celtic FC has announced that its players and coach Neil Lennon have volunteered to take a significant reduction in salaries amid the COVID-19 pandemic.The Scottish champions announced on Friday that Lennon and the entire first-team squad, as well as several members of Celtic’s backroom and executive staff, have agreed the cut and to defer “a significant proportion of their earnings” between April and June.“We are well aware of the economic realities and are very willing to play our part in recognising them. We will come through this in unity and then look forward to the challenges ahead,” Lennon said in a statement.“We also know that many within society, including our own support, are facing distress and, in some cases, tragedy,” he added.Celtic FC, chasing a ninth successive league title, were 13 points clear at the top of the Scottish Premiership when domestic action was postponed due to the coronavirus outbreak which has so far claimed over 1,00,000 lives across the world.“I would like to pay tribute to Neil and the players for their desire to play their part,” Celtic Chief Executive Peter Lawwell said.“I am also grateful to my own executive team for the commitment they have devoted to this outcome in very difficult working circumstances.”Rangers, Celtic’s arch-rivals, have also announced that coaches, players and directors would take a three-month wage deferral.Premier League clubs Southampton and West Ham have also announced the same. IANSAlso Read: Will consider running for AIFF president in future: Bhaichung BhutiaAlso Watch: Sellers take advantage of helplessness of panic stricken citizens by overpricing commoditieslast_img read more

PSG beat Chelsea again to reach last eight

first_imgZlatan Ibrahimovic fired the winner as Chelsea’s hopes of salvaging their season suffered a major blow when they lost 2-1 at home to Paris Saint-Germain, bowing out 4-2 on aggregate in the Champions League last 16.It was always going to be a difficult proposition against a strong PSG side and their task was made even harder when the visitors, who were leading 2-1 from the first-leg, opened the scoring courtesy of Adrien Rabiot’s tap-in from Zlatan Ibrahimovic’s sumptuous cross.Chelsea responded with Diego Costa emerging as their great hope. The forward was mocked in Paris for wearing a ‘superhero’ protective mask in the lead up to the game, but he threatened to make those ‘humorous’ digs come back to haunt them, capping an all-action display with a fine first-half equaliser.The home side struggled to lift themselves again in the second half and once Costa went off injured, it looked more likely that PSG would take control of the proceedings. And the visitors eventually grabbed a crucial second away goal on 67 minutes when Angel Di Maria crossed for Ibrahimovic to tuck home his 50th goal in UEFA competitions.It meant Chelsea needed three to go through and they never looked like reducing the arrears as they game fizzled out. The Blues must now raise themselves for their FA Cup quarter final at Everton at the weekend as they bid to salvage something from a turbulent season.– Follow Joy Sports on Twitter: @JoySportsGH. Our hashtag is #JoySportslast_img read more

Steelers win first, now face mighty Titans

first_imgDennis Dixon started off slow but as the game progressed he was given more freedom which led to more confidence as he put the ball in the air more for a very solid first game. He was 18 of 26 for 236 yards with no touchdowns and one interception. He quietly outplayed his much more noted opponent Matt Ryan, who many believe is going to be an NFL star. Ryan was 27 of 44 for 252 yards but was not able to get the ball in the end zone.The defense showed why they were the best in the business in 2008, the Super Bowl year, as they bent but didn’t break, and held an outstanding offense to three field goals. As usual, they shut down the running game, holding Michael Turner to just 42 yards on 19 carries.With Troy Polamalu and Aaron Smith missing 11 games each last season, the defense dropped to fifth, but still was number one against the run. However, both Smith and Polamalu are back, along with cornerback Bryant McFadden and all played major roles in the Steelers victory, with Polamalu picking up a key interception that led to the overtime. They also did something very rare in the NFL. They stopped a team from scoring in overtime which set up Rashard Mendenhall’s winning 50-yard touchdown run.The secondary was the Steelers weakness last season but with the exception of Roddy White’s 13 catches for 111 yards, they pretty much controlled the air attack.The challenge will be much greater against the Titans and Chris Johnson who led the league in rushing last season. He opened the season with 142 yards and two touchdowns on 27 carries as the Titans slaughtered the Raiders. Johnson, the NFL’s Offensive Player of the Year in 2010, extended his streak at 12 consecutive 100-yard games to break a tie with Marcus Allen. He trails only Barry Sanders, who had an NFL-best 14. This will be the ultimate test for the Steelers defense to stop or contain Johnson.But Johnson is not the Titans only offensive threat. Vince Young came off the bench last season to lift an 0-6 team into the playoffs. The young Dixon has been compared much to Young because of his ability to run the ball. Young doesn’t pass a lot but is very effective when he does. He was 13 of 17 for 154 yards and two touchdowns against the Raiders.Former Steeler Nate Washington was his leading receiver with just three catches but picked up 88 yards and one touchdown. Expect Young to put the ball in the air far more against the Steelers because it’s not likely Johnson will be able to run as freely as he did against the Raiders. With no true outside threat the Titans must depend on the run for victory, which means the Steelers will gear their defense to stopping the run.Speaking of running, the Steelers looked good with Mendenhall picking up 120 yards on 22 carries and one touchdown, the biggest being the 50-yard run in overtime to win the game.Isaac Redman gained 19 yards on six carries, but was most impressive on short yardage situations when the Steelers needed one or two yards for the first down.Hines Ward once again demonstrated why he’s one of the best wide receivers in the game as he picked up the team in the second half with 108 yards on six catches. Heath Miller had four catches for 40 yards and Mike Wallace was held to just two catches for 62 yards.“It’s like Forrest Gump, I can’t explain it,” said Ward, who is from the Atlanta area and went to the University of Georgia. “I’m 34 years old, and every year regardless of what people say it’s my mindset that I have to go in and prove everybody wrong. That’s my motivation.”Look for a much more aggressive game in the air against the Titans, mostly because Tennessee has probably the third best defensive team in the league behind the Steelers and the Baltimore Ravens. It will be much tougher to run against this team than the Falcons.Of the four games without Roethlisberger, this is the game most pick the Steelers to lose, including myself, but this is not written in stone. If the defense can contain Johnson they can beat the Titans which means they could go 4-0 instead of 3-1. The other two games are at Tampa Bay and at home against the Ravens.The only low point was the kick returns by Antwaan Randle El with just three yards on two returns. Also missing were the two outstanding rookies Antonio Brown and Emmanuel Sanders. Look for more of them in the next three games because Randle El really didn’t look that impressive as the third wide receiver. The Steelers, who survived their first game without Ben Roethlisberger 15-9 over the Atlanta Falcons, now must face their toughest foe of the four game suspension in the Tennessee Titans who ran all over the Oakland Raiders, 38-13. VICTORY CELEBRATION—James Harrison jumps on Rashard Mendenhall to celebrate Mendenhall’s 50 yard touchdown run in overtime that gave the Steelers a 15-9 win over the Atlanta Falcons in the season opener at Heinz Field. last_img read more

Thieves allegedly break into Finance Ministry

first_imgPolice in A Division (Georgetown) are currently investigating a break-in at the Finance Ministry last weekend during which several documents and hard drives, among other items, were stolen. Guyana Times was told that the burglary is believed to have taken place sometime on Friday evening into the wee hours of Saturday morning.It was reported that the discovery was made later Saturday morning when employees showed up for work. Upon realising that the documents and data-saving devices were missing, authorities at the Ministry were informed and the Police was called in.This newspaper understands that investigators had visited the scene and took fingerprint samples. Police sources indicated no arrest has since been made but investigations are still ongoing nonetheless.last_img

ULSTER SENIOR LEAGUE CUP: SWILLY OVERCOME DRUMKEEN IN CLOSE AFFAIR

first_imgSwilly Rovers 2 – Drumkeen Utd 1Victory for the Ramelton men in a pulsating encounter at Swilly Park.On 4 mins Ryan Shields released Calvin Mooney whose lobbed effort was just over the bar. 2 mins later Swilly were ahead when Gareth Colhoun’s through ball found Darren Mc Geever who crossed for Calvin Mooney to produce a clinical finish from 6 yards.On 36 mins Swilly should have have further ahead when Mc Geever & Mooney combined again as Mc Cauley produced a brilliant save to deny Mooney, & Micheal McHugh’s goalbound effort hit the crossbar and bounced to safety leaving it 1-0 to Swilly at the break.Drumkeen who were always dangerous on the break were level when Philip White released Ronan Coyle, & the former Finn Harps man finished well from 8 yards.Swilly were back in front after 61 mins when Laurence Tolands powerfully delivered corner was headed home in some style by the inrushing Dylan Hegarty. Richie Moore of Drumkeen & Calvin Mooney of Swilly both had good chances in the final 10 mins but both efforts were narrowly wide. Dunccan Patterson hit the post for Swilly in the dying seconds after a great run.The home fans went home happy after an enthralling encounter.Swilly Rovers:Gareth Wade, Martin Mc Daid, Gareth Colhoun, Martin Boyce, Ryan Shields, Calvin Mooney, David Fisher, Dylan Hegarty, Michael Mc Hugh, Laurence Toland, Darren Mc Geever. Subs used: Duncan Patterson, Jordan Toland, Kyle Black, Subs unused: Darren Dunworth, Liam O’Donnell.Drumkeen Utd: Paul Mc Cauley, Michael Carroll, Benny Bonner, Brian Lafferty, Eunan Kelly, Philip White, Brian Mc Groary, Christopher Mc Bride, Conor Carlin, Ronan Coyle. Subs used: Richie Moore, Peter Mc Namee, Raymond Sweeney.Match Referee: Packie Coll. ULSTER SENIOR LEAGUE CUP: SWILLY OVERCOME DRUMKEEN IN CLOSE AFFAIR was last modified: June 7th, 2014 by StephenShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window)Tags:donegalDrumkeen Utdswilly roversUlster senior league cuplast_img read more

The Free State, South Africa’s heartland

first_imgLying in the heart of South Africa, the Free State’s rolling farmlands make it the breadbasket of South Africa. It is a province with a rich history, diverse cultures, and fascinating geological structures.A statue of South African statesman Nelson Mandela looks out over Bloemfontein, the capital of the Free State, from Naval Hill in the centre of the city. (Image: South African Tourism, CC BY 2.0, via Flickr)Compiled by Mary AlexanderIt’s September. It’s spring in South Africa – and Tourism Month, celebrated this year with the theme “Tourism for All”. To inspire your next road trip we bring you nine galleries, one for each province, showcasing our country’s remarkable beauty and diversity.A thriving tourism industry means South Africa is closer to achieving its National Development Plan goals of skills development and creating decent employment through inclusive economic growth.The Free State’s attractions include the Golden Gate Highlands National Park, the provincial capital of Bloemfontein, hiking in the Maluti Mountains, and watersports on the Vaal and Orange rivers.The iconic Brandwag – “sentinel” – rock in the Golden Gate Highlands National Park in the Eastern Free State. (Image: South African Tourism, CC BY 2.0, via Flickr)A typical Free State landscape: Farmlands on the plains giving way to the mountains beyond. (Image: South African Tourism, CC BY 2.0, via Flickr)Public art outside the city hall in Bloemfontein. (Image: South African Tourism, CC BY 2.0, via Flickr)Die Mystic Boer nightclub and restaurant in Bloemfontein. (Image: South African Tourism, CC BY 2.0, via Flickr)Cosmos flowers bloom on the side of the road. (Image: South African Tourism, CC BY 2.0, via Flickr)An old farmhouse in the Eastern Free State. (Image: South African Tourism, CC BY 2.0, via Flickr)Hiking the Cave Trail in the Maluti Mountains. (Image: South African Tourism, CC BY 2.0, via Flickr)A diorama in the National Museum in Bloemfontein. (Image: South African Tourism, CC BY 2.0, via Flickr)San Bushman art in a rock shelter in the Eastern Free State, near the town of Ficksburg. (Image: South African Tourism, CC BY 2.0, via Flickr)The Maluti Mountains. (Image: South African Tourism, CC BY 2.0, via Flickr)The Gariep Dam on the Orange River. (Image: South African Tourism, CC BY 2.0, via Flickr)Sunset over farms and mountains in the Eastern Free State. (Image: South African Tourism, CC BY 2.0, via Flickr)The Sterkfontein Dam. (Image: South African Tourism, CC BY 2.0, via Flickr)Sunflowers in bloom. (Image: Brand South Africa)Traditional Basotho musicians perform in a cultural village. (Image: Brand South Africa)last_img read more

Patience pays off

first_imgRead Next Onyok Velasco see bright future for PH boxing in Olympics PLAY LIST 00:45Onyok Velasco see bright future for PH boxing in Olympics05:25PH boxing team determined to deliver gold medals for PH00:50Trending Articles01:29Police teams find crossbows, bows in HK university01:35Panelo suggests discounted SEA Games tickets for students02:49Robredo: True leaders perform well despite having ‘uninspiring’ boss02:42PH underwater hockey team aims to make waves in SEA Games01:44Philippines marks anniversary of massacre with calls for justice01:19Fire erupts in Barangay Tatalon in Quezon City John Lloyd Cruz a dashing guest at Vhong Navarro’s wedding NEXT BLOCK ASIA 2.0 introduces GURUS AWARDS to recognize and reward industry influencers Hard work and patience pay off for IBF junior bantam holder Jerwin Ancajas (left) and chief trainer Joven Jimenez. —ROY LUARCADallas, Texas—An obedient student, Jerwin Ancajas was satisfied with the grade given to him by his mentor, Joven Jimenez.Though he knocked out Mexican Israel Gonzalez on Saturday night to retain the International Boxing Federation junior bantamweight crown, Ancajas only got a seven on a scale of 1 to 10 from Jimenez, who cited that his ward was a bit slower than usual.ADVERTISEMENT Typhoon Kammuri accelerates, gains strength en route to PH 2 ‘newbie’ drug pushers fall in Lucena sting According to Ancajas he was in top shape and could have stepped on the pedal from the opening bell of the duel held at American Bank Center in Corpus Christi.He didn’t rush up because Gonzalez’s style was different from that of Jamie Conlan, whom he knocked out in six rounds, last November in Belfast, Northern Ireland.FEATURED STORIESSPORTSWATCH: Drones light up sky in final leg of SEA Games torch runSPORTSLillard, Anthony lead Blazers over ThunderSPORTSMalditas save PH from shutout“I don’t want to be overly aggressive because it might put me in jeopardy,” Ancajas, who scored a flash knockdown in the opening round, said in Filipino. “He has a counter and he might have one lethal punch.”Once he had studied Gonzalez’s patterns and movements, however, Ancajas started probing in, going deeper or darting out interchangeably, while keeping his impregnable defensive stance. Brace for potentially devastating typhoon approaching PH – NDRRMC Unable to penetrate without getting hit, Gonzalez eventually stopped attacking and by the eighth round, switched on survival mode.Ancajas would have settled for a shutout decision, but Gonzales made a mistake and paid the price with two more knockdowns and stoppage at the 1:50 mark of the 10th round.After the fight, Team Ancajas was feted with a victory party by the Filipino-American community. They will leave for Manila on Tuesday.ADVERTISEMENTcenter_img PH cuppers advance MOST READ Slow and steady hope for near-extinct Bangladesh tortoises View comments AFP official booed out of forum Globe Business launches leading cloud-enabled and hardware-agnostic conferencing platform in PH LATEST STORIES Don’t miss out on the latest news and information. last_img read more

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