Nasdaq announced an agreement to sell BWise to SAI Global, expected to complete in H1 2019 for an undisclosed sum.
BWise is an enterprise governance, risk and compliance (GRC) software platform established in 1994 and acquired by Nasdaq in 2012. Its enterprise GRC software platform and risk intelligence services and solutions support companies of all sizes with operational risk management, internal audit, internal control, compliance, and information security programs.
SAI Global helps organizations manage risk and its integrated risk management solutions operate across their customers’ entire risk lifecycle, thereby offering a strategic alignment opportunity with the BWise product suite, according to a company statement.