Sword Group expands GRC capabilities as it looks to extend product solution offering and expand into new markets
Sword GRC, supplier of specialist risk management software and services, has acquired Magique Galileo. The move will enable Sword GRC to offer an expanded, industry-leading range of Governance, Risk & Compliance (GRC) software and services.
Nick Scully, CEO of Sword GRC commented; “This acquisition is about enabling us to extend our GRC solution offering, move into new markets, provide greater value to our customers, and to create more opportunities for our employees.”
The new Sword GRC offering will combine solutions from Sword Active Risk, Sword Achiever and Magique Galileo. As well as cross-selling opportunities to both existing and new customers for all brands within the group, the acquisition of Magique Galileo, with its strength in sectors such as financial services and its market leading Audit solution, provides presence and paves the way for expansion into new markets.
Employees of the combined group will benefit from being part of a company with a more competitive and stable financial foundation and enjoy opportunities to learn new products and gain market knowledge. The expected cross fertilisation of new ideas and ways of working, together with sharing of development resources across the three brands will accelerate product enhancement, delivering value across the wider customer base.
Scully continued; “We are all very excited about the opportunities that the acquisition of Magique Galileo brings to the wider Sword GRC group going forward. The many new opportunities that will be opening up for staff across the three brands is already fueling an excitement and momentum of its own. As we look forward to 2019 and beyond, we have completed a major re-engineering our of core products to leverage the latest mobile and collaborative technology, we have developed new products including Sword Policy Manager and this acquisition moves us significantly to our corporate goal of providing the market-leading GRC solutions to all vertical sectors.”
