Today, the Vancouver-based audit platform ACL announced a rebrand to ‘Galvanize‘ and the unveiled their already-in-market governance, risk, and compliance (GRC) platform dubbed HighBond. The rebrand is the capstone in a transformation 5+ years in the making.
President and CEO Laurie Schultz joined the firm seven years ago with a vision to change ACL’s product offering—and its tone and pace. Her desire to reinvent ACL transformed the company into what they called a “re-startup”: embracing the energy and fresh ideas of a traditional startup but without the anxiety that comes with it.
Earlier this year, ACL acquired Rsam, immediately doubling R&D capacity and accelerating the delivery of innovation to 7,000 customers in 135 countries. The acquisition and rebrand follow a $70M strategic investment by Norwest Venture Partners starting in 2017 and over 60% organic GRC growth in the past 12 months.
“We are here to be the company that transforms the role of GRC software in managing organizational risk and performance, similar to how Salesforce.com consolidated customer relationship management (CRM),” said Schultz
Powered by ACL and Rsam, the HighBond platform by Galvanize is actively displacing legacy GRC software products as a “less expensive to own, easier to deploy, faster for users to adopt, and much more powerful in driving actionable executive risk intelligence thanks to its intuitive design, built-in best practices, and unique robotic process automation capabilities.” The platform offers customers an out-of-the-box solution for common risk areas like third-party risk management, internal audit management, security incident management, and more.
“I talk to security, risk, and compliance professionals around the world and there is remarkable consistency in their experience: existing GRC products or spreadsheets don’t help them drive change because they are expensive to own and hard to use, because they take outdated approaches, and because it takes multiple products to get only part of the job done.” Said Schultz, “We chose Galvanize as our new brand because it embodies our vision of making GRC professionals the most sought-after people in their organizations, based on their ability to catalyze change by bonding organizational silos in pursuit of a consolidated view of risk and a new level of security protection. Our HighBond platform strengthens organizations to do heroic work.”