Company:Galvanize (software company)
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| Type | Private |
|---|---|
| Industry | Computer software Governance, risk management, and compliance |
| Predecessor | ACL Services Ltd. |
| Founded | 1987 |
| Headquarters | Vancouver, British Columbia , Canada |
Key people |
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| Products | HighBond, ACL Robotics, RiskBond, FraudBond, AuditBond, ControlsBond, ComplianceBond, Rsam ITGRCBond, Rsam ThirdPartyBond, Rsam ContinuityBond, Rsam PolicyBond, Rsam IncidentBond, Rsam CyberBond |
Number of employees | 500+ |
| Parent | Diligent Corp. |
| Website | www |
Galvanize (formerly known as ACL Services Ltd.) is a privately owned software as a service (SaaS) company founded and headquartered in Vancouver , British Columbia, Canada.[1] The Company builds security, risk management, compliance and audit software for the governance, risk management, and compliance (GRC) market.
Galvanize has offices in Vancouver (HQ), Singapore, London, Tokyo, and Secaucus, New Jersey. They also have a number of representatives and partners around the world, including throughout Africa, France, Malaysia, the Philippines, Indonesia, Hong Kong, China and Australia.
History
While working in the Faculty of Commerce's Division of Accounting at the University of British Columbia in 1972, Hartmut J. Will (Hart Will) developed the first interactive audit software, "Audit Command Language" (ACL) for data bank and model bank audits.[2]
In 1987, Will and his son, Harald Will, launched the commercial business ACL Services Ltd. Harald Will grew the company as founder & CEO until inviting Laurie Schultz to assume the role of President and CEO of ACL in 2011.[3][4]
In 2012, ACL expanded into the electronic work papers market with the acquisition of Workpapers.com, led by Dan Zitting.[5] The acquisition signaled the shift by the company towards a cloud-based, SaaS business model.[6]
ACL acquired digital design firm Artletic LLC in 2015.[7]
ACL took its first outside funding in the form of a $50 million strategic minority investment led by the growth equity team at Norwest in December 2017.[8]
In November 2018, the company was named one of "Canada's Top 100 Employers" by Mediacorp Canada Inc.[9]
ACL acquired Rsam in February 2019.[10]
In March 2019, the company was named one of "Canada's Best Managed Companies."[11]
In May 2019, the company rebranded from ACL to Galvanize.[12]
In March 2020, Galvanize was once again named one of "Canada's Best Managed Companies" for the second consecutive year.[13] Galvanize was also named a Leader in The Forrester Wave: Governance, Risk, and Compliance Software for Q1 2020.[14]
In February 2021, Galvanize announced that they have been sold to Diligent Corp.[15]
Products and services
HighBond platform
The HighBond platform is designed for security, risk management, compliance, and audit professionals. Using an organization's data, these professionals use the platform to:
- manage threats
- assess risk
- measure controls
- monitor compliance
- expand assurance coverage.
HighBond is a cloud-based platform that doesn't rely on third-party vendors and is hosted on Amazon's infrastructure.[16]
Leadership
- Laurie Schultz, President & CEO (2011-)
- Dan Zitting, Chief Product & Strategy Officer (2019-) ; Previously Chief Customer Experience Officer (2018-2019); Previously Chief Product Officer (2015-2018); Previously VP, Product Management & Design (2011-2015)
- Keith Cerny, Chief People Officer (2019-); Previously Chief Technology Officer (2016-2019)
- John Lauinger, General Counsel (2001-)
Awards and accolades
In November 2018, the Company was named one of Canada's Top 100 Employers by Mediacorp Canada Inc.[9]
In March 2019, the Company was named one of Canada's Best Managed Companies.[11]
See also
- Sarbanes–Oxley Act
- Financial audit
References
- ↑ Orton, Tyler (13 May 2019). "Vancouver tech mainstay ACL rebrands as Galvanize". Business in Vancouver. https://biv.com/article/2019/05/vancouver-tech-mainstay-acl-rebrands-galvanize.
- ↑ "The man who made 'auditing through the computer' possible - Meet the inventor of ACL". https://www.acl.com/pdfs/IIA_UAE_Hart_Will_Article.pdf.
- ↑ "Laurie Schultz Named CEO of ACL" (in en). Accounting Today. https://www.accountingtoday.com/news/laurie-schultz-named-ceo-of-acl.
- ↑ "Leadership" (in en-US). ACL. 2015-07-23. https://www.acl.com/about-us/leadership/.
- ↑ Fineberg, Seth (12 December 2011). "ACL Services Acquires Workpapers.com". Accounting Today. http://www.accountingtoday.com/news/ACL-Services-Acquires-Workpapers-61092-1.html.
- ↑ Bennett, Nelson (4 December 2012). "Laurie Schultz: Class struggle". Business in Vancouver. http://www.biv.com/article/20121204/BIV0201/121209992/-1/BIV/laurie-schultz-class-struggle.
- ↑ "ACL Invests in GRC Software Usability with Acquisition of Design Firm Artletic" (in en-US). ACL. 2015-05-28. https://www.acl.com/2015/05/acl-invests-in-grc-software-usability-with-acquisition-of-design-firm-artletic/.
- ↑ ACL. "ACL Accelerates Category Consolidation Vision with $50 Million Strategic Investment from Norwest" (in en). https://www.prnewswire.com/news-releases/acl-accelerates-category-consolidation-vision-with-50-million-strategic-investment-from-norwest-300572925.html.
- ↑ 9.0 9.1 "Top Employer: ACL Services Ltd.". https://content.eluta.ca/top-employer-acl-services.
- ↑ "ACL acquires Rsam". Compliance Week. 4 February 2019. https://www.complianceweek.com/acl-acquires-rsam/24840.article.
- ↑ 11.0 11.1 "ACL Named One of Canada's Best Managed Companies" (Press release). 7 March 2019. Retrieved 7 August 2019.
- ↑ "Introducing Galvanize: ACL and Rsam Rebrand to Create GRC Category-Defining Company" (Press release). 13 May 2019. Retrieved 7 August 2019.
- ↑ "Galvanize Named One of Canada’s Best Managed Companies for Second Consecutive Year" (in en). http://www.oleantimesherald.com/business/galvanize-named-one-of-canada-s-best-managed-companies-for/article_f1cc5d8e-8bf6-5232-902f-659725b1e83d.html.
- ↑ Releases (2020-03-10). "Galvanize Named a leader in Governance, Risk, and Compliance Software by Independent Research Firm" (Press release). Financial Post.
- ↑ "Vancouver-based risk and compliance software provider Galvanize sold for US$1-billion". 2021-02-26. https://www.theglobeandmail.com/business/article-vancouver-based-risk-and-compliance-software-provider-galvanize-sold/.
- ↑ "ACL transitions to cloud for broader global reach | GRC & Fraud Software Journal" (in en-US). http://www.fraudjournals.com/acl-transitions-to-cloud/.
External links
- "2009 IT Audit Benchmarking Study". The Institute of Internal Auditors. March 2009. http://www.theiia.org/download.cfm?file=4974.
- McCafferty, Dennis (14 January 2010). "U.S. Military Looks to Better Control Costs with Business Analytics, Better BI". Smarter Technology. http://www.theiia.org/download.cfm?file=4974.
- Krell, Eric (16 November 2009). "Your Internal Audit's Vital Signs". Business Finance Magazine. http://businessfinancemag.com/article/your-internal-audits-vital-signs-1116.
- McCann, David (10 November 2009). "Doing the Internal Audit-Management Dance". CFO.com. http://www.cfo.com/article.cfm/14453909/1/c_14453926?f=home_todayinfinance.
- Kelly, Susan (2 November 2009). "Monitoring the Monitors". Treasury & Risk. http://www.treasuryandrisk.com/2009/11/02/monitoring-the-monitors.
- McCann, David (18 September 2009). "Internal Audit: The Continuous Conundrum". CFO. http://www.cfo.com/article.cfm/14440838/c_14440953?f=hometodayinfinance.
- Baker, Neil (August 2009). "Software Trend Spotting". Internal Auditor. http://www.theiia.org/intAuditor/free-feature/2009/august/software-trend-spotting.
- McCann, David; Stuart, Alix (15 July 2009). "The 24/7 Audit". CFO Magazine. http://www.cfo.com/article.cfm/13983436/c_14020916.
- Krell, Eric (14 July 2009). "Monitoring Matters". Business Finance Magazine. http://businessfinancemag.com/article/monitoring-matters-0714?page=0%2C0.
- ACL wins best application of technology at BCTIA's annual Technology Impact Awards (TechVibes)
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