SAI Global acquires GRC solutions provider
Melbourne, Australia - March 6, 2008 – SAI Global Limited (ASX: SAI) has acquired the operating assets of governance, risk and compliance (GRC) software solutions provider, 80-20 Software Pty Limited, and its North American subsidiary, 80-20 Software Inc. (http://www.80-20.com/)
The combination of expertise and products will enable immediate expansion of the portfolio of GRC capabilities and breadth of skills SAI Global can offer to its clients globally.
SAI Global’s Chief Executive, Tony Scotton, said “80-20 provides a natural fit with the company’s existing product offerings in this space, and importantly will cement our leadership position in the Australian market and enhance our ability to penetrate the North American and European markets”.
80-20’s Mark Ross said he was “delighted that the 80-20 team would be joining SAI Global and were looking forward to exploiting the opportunities that will emerge for the combined business both domestically and internationally”.
The Acquisition:
- Expands the portfolio of SAI Global’s GRC capabilities and product offerings
- Brings strong customer relationships with leading Australian and North American organisations
- Facilitates SAI Global’s planned rollout of its GRC management solutions in North America through its established operation in the US market
Overview of 80-20
Based in Melbourne, Australia, 80-20 started as a document management company in 1997 and moved into the GRC space in 2003. Since then it has developed an innovative and integrated suite of solutions that provide cost effective solutions which enable organisations to meet the various regulatory, industry and community obligations governing their business.
Its flagship product, Leaders4, delivers one automated tool for integrating all dimensions of a corporation’s GRC program, eliminating unnecessary solution fragmentation, standardising processes and driving down the cost of governance, risk and compliance programs.
SAI Global Compliance
SAI Global provides an extensive range of solutions and services in the areas of compliance, regulation, ethics, risk management and corporate governance solutions:
- Newsfeeds and alerts on key compliance and regulatory topics
- Enterprise compliance and risk management solutions
- An extensive library of learning and awareness solutions delivered largely through the web
- Learning solutions supported by a Learning Management System providing both audit and compliance learning management capability
Media Inquiries
Tia Smallwood, Director Marketing, SAI Global Compliance Americas, tia.smallwood@saiglobal.com, phone (609) 955-5135.
About SAI Global Compliance Americas
SAI Global applies information worldwide to help organizations manage risk, achieve compliance and drive business improvement. It provides access to standards and other technical and regulatory information, compliance solutions, business improvement training and independent verification and certification services.
Headquartered in Plainsboro, NJ, the SAI Global Compliance Division (www.saiglobal.com/compliance) brings a global view and global capabilities to comprehensive compliance, ethics, AML (anti-money laundering), information security and privacy solutions. In addition to communication and training, SAI Global provides a range of services from risk analysis to program management, from engaging Web-based training programs to newsfeeds, risk management solutions, benchmarking data and global legislative databases.