Diligent, which is software as a service company that powers modern governance, with a platform that has been used by nearly 700,000 board directors and leaders across 19,000 clients in a recent announcement has stated that it has signed an agreement to acquire Steele Compliance Solutions, a global leader in ethics and compliance SaaS. The transactions are expected to close in March.
With this acquisition, Diligent focuses on navigating potential risks such as cyber threats and breaches by providing the right tools needed to manage the compliance needs proactively. This will also extend modern governance. With Steele Compliance Solutions' vast experience in serving compliance, Diligent's strategy will become core to leverage and expand its footprint in the compliance sector and stakeholder capitalism.
Together, both the firm will offer a more comprehensive C-suite and executive view of ESG risks. It will also provide best-of-breed products to revolutionize the compliance sector and manage risk. This will build an innovative platform coupled with a like-minded dedication to their clients while ensuring they receive high-touch, high-value experience in the governance compliance sector. Diligent has also announced the acquisition of Galvanize to become the largest global GRC SaaS Company.