ViClarity Merges With US Regulatory Consultancy & Services Company To Strengthen Its Position In The Global Marketplace
February 18, 2020
Leading Governance, Risk & Compliance (GRC) technology provider ViClarity have today announced it has merged with PolicyWorks LLC, a US consultancy and services firm who specialise in compliance. Through this strategic merger, ViClarity will strengthen its position as a leading global provider of GRC solutions. The combining of companies will see ViClarity more than double in size providing an opportunity to grow the business globally.
ViClarity is widely regarded as one of the world’s most innovative Regtech companies having recently been named “Best Operational Risk Solution” by Insurance ERM. ViClarity has a proven track record allowing organisations to effectively identify, monitor, score and report on Audit, Risk and Compliance issues.
The agreement will see ViClarity continue to grow and expand its European headquarters in Tralee, while gaining a team of resources in the US. This will enhance their ability to provide best in class services to clients and to further develop the software, offering new and exciting solutions and features to clients. ViClarity will continue to be headquartered in Tralee, Co. Kerry with US offices in Boston, Massachusetts and a new office in Des Moines, Iowa where PolicyWorks is located. ViClarity CEO, Ogie Sheehy, will oversee European business activities as CEO, European Business and Global CIO.
PolicyWorks serves nearly 1200 organisations across the US offering compliance and audit consultancy services and brings resources, vision and expertise in helping clients resolve their most challenging compliance issues.
Today the two organisations announce their merging stating “Together Is Stronger” as governance and risk functions continue to cross paths with compliance. The combination of strengths will see new services and products developed in 2020 meeting the needs of professionals across the Financial and Healthcare sectors.
“This brings huge opportunities for the company and the ViClarity team” said ViClarity CEO Ogie Sheehy. “With PolicyWorks, we are joining with an organisation who shares our mission and values as well as our goal to make compliance easier for organisations and gives us the on-the-ground resources to expand our footprint in the US marketplace.”
“ViClarity’s architecture and skilled team are exactly what PolicyWorks needs to expand our services into the broader GRC space and support organisations beyond compliance consulting” said Miriam De Dios Woodward, PolicyWorks CEO.
ViClarity is an award winning provider of Audit, Risk & Compliance management solutions to the Financial and Healthcare sectors. ViClarity is a global organisation headquartered in Kerry, Ireland and with offices in Boston Massachusetts and Des Moines Iowa. Since our foundation in 2008, our GRC management platform is a proven technology solution currently being utilised by more than 300 organisations in the financial services and healthcare sectors.
Our approach is to provide organisations with an intuitive tool that promotes a strong culture of Risk and Compliance while reducing the burden of manual based processes. The solution is designed to provide a centralised platform for Audit, Risk and Compliance and enables organisations to have real time access to data at all times.
PolicyWorks is a national leader in compliance solutions serving more than 1200 organisations across the United States. PolicyWorks has the resources, vision and experience necessary to help clients resolve their most challenging compliance issues. Their team of specialists, deliver a comprehensive menu of audit and compliance solutions.
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