Risk management software provider Alcumus has completed a £23m strategic investment into eCompliance.
The deal represents a majority stake, the company claims.
By working together, the companies hope to support safer and healthier workplaces in North America and Europe. eCompliance will serve as the North American arm of Alcumus, supplying customers in the country with a new portfolio of products.
eCompliance CEO Adrian Bartha said, “Teaming up with Alcumus allows us to bring the most innovative products and ideas from both companies to the workforces across North America, the UK and Europe.”
The RegTech supplies companies with a digital platform to improve worker participation and boost a culture around safety in the workplace. The mobile app connects the workforce with head office to ease communications, accelerate decision making, and provide better clarity on risk across a business.
Its solutions include reporting, incident management, training management, hazard assessment, and inspections, among others.
Alcumus CEO Alyn Franklin said, “We have been very impressed by the quality of everything we have seen in eCompliance, from the technology that runs through their products to the people and management that we have met, and both organizations share the same mission and values.
“eCompliance will bring access to an exciting new market as well as additional technology capability as we continue to provide cutting edge services to the growing range of businesses that we support. We are very excited by this acquisition and look forward to welcoming eCompliance into the Alcumus family.”
Alcumus develops SaaS-based risk management solutions for health and safety, property and asset management, supply chain, corporate social responsibility, and business risk.
For business risk, a client can employ Alcumus to ease management and mitigate threats for loss prevention, risk mapping and everything in-between.
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