Klass Capital expands software portfolio with the acquisition of Resolver and their GRC product line.
Toronto, ON—April 13, 2015—Klass Capital announced today the acquisition of Resolver Inc., a global leader in risk-based corporate performance, compliance, and assurance software. The transaction includes Resolver’s GRC product line, their company operations, and an established customer base of more than 400 companies around the world.
Over the past five years, Klass Capital has aggressively expanded their software portfolio, most recently with the acquisition of PPM, a leading provider of incident management software. Over time, the companies will be merged under a common vision, bringing together the leadership and operations of both organizations. Will Anderson, CEO, stated, “The combination of Resolver and PPM will give us a truly unique, enterprise risk management solution that merges governance, risk, and compliance with end-to-end incident management.” Added Daniel Klass, Klass Capital’s Managing Partner, "Resolver is an essential component of Klass and PPM's vision to build a scalable SaaS platform for the risk and compliance market. We are excited to partner with the Resolver team, which brings to the table deep industry expertise and experience."
Resolver’s top two executives will remain with the company. James Patterson will continue as President of Resolver, and Steve Taylor will step into the VP of Business Development role across both PPM and Resolver. Said Taylor, “Client demand has shown us the importance of integrating deep incident management capabilities with our existing risk management, compliance and audit solutions. With Resolver and PPM working together, we’ll continue to offer our clients industry leading GRC solutions with unmatched breadth and depth.”
Resolver will continue to operate as Resolver Inc., and their head office will remain in Toronto, ON.
Resolver is a global leader in audit, risk and compliance software, with more than 400 clients across 40 countries. Resolver’s clients include some of the world’s most recognizable brands, government agencies, and 9 of the top 10 global accounting firms.