NAVEX Global Acquires The Network, Inc.
Ethics and compliance leaders to focus on innovative solutions to meet growing industry needs
PORTLAND, Ore., Aug. 31, 2015 /PRNewswire/ -- Ethics and compliance software and solution provider NAVEX Global, Inc. announced today that it has acquired The Network, Inc. The transaction creates the leading industry provider of integrated software, content and services in the ethics and compliance space, providing governance, risk and compliance (GRC) solutions to more than 12,500 organizations worldwide and 94 of the Fortune 100.
NAVEX Global's solution suite, broad customer base, international presence and deep knowledge of the ethics and compliance industry, paired with The Network's innovative software and technology expertise, will further position the combined company for accelerated growth.
"By merging The Network with NAVEX Global, our organization will be unique in its ability to provide innovative ethics and compliance software, expanded content and industry-leading services to help customers meet increasingly complex regulatory and ethical challenges," said NAVEX Global President and CEO Bob Conlin. "Together, we offer an exceptional combination of GRC capabilities that is transformative for our customers."
For more than 33 years, The Network has provided ethics and compliance software, services and consulting for organizations of all sizes. The Atlanta-based company is known for its integrated suite of software that provides a holistic view of ethics and compliance data to support the expanding need for risk-based business intelligence.
With this acquisition, NAVEX Global's client base expands by more than 4,000, and the company now serves more than 75 percent of the Fortune 500.
"We're excited to join forces with an industry leader in NAVEX Global," said Luis Ramos, former chief executive of The Network who will become COO of NAVEX Global. "Together, we will work tirelessly to continue delighting our customers and delivering increased value to them every day."
"This acquisition is a perfect integration," said Michael Rasmussen, The GRC Pundit and principal analyst with GRC 20/20 Research. "The combined leadership of the new company should take GRC innovation to new levels. Together, they offer ingenuity, the breadth of an integrated offering, a creative approach to the user experience as well as a deep understanding of customer needs."
NAVEX Global will continue to be headquartered near Portland, Oregon. The financial terms of the deal are not being disclosed.
About NAVEX Global, Inc.
NAVEX Global's comprehensive suite of ethics and compliance software, content and services helps protect your people, reputation and bottom line. The trusted global expert to nearly 75 of the FORTUNE 100 and 8,000+ clients overall, our solutions are informed by the largest ethics and compliance community in the world.
Learn more about NAVEX Global (www.navexglobal.com) online: Ethics & Compliance Matters™ Blog (blog.navexglobal.com), @NAVEXGlobal (twitter.com/navexglobal), LinkedIn (www.linkedin.com/company/navex-global), Facebook (www.facebook.com/NAVEXGlobal) and SlideShare (www.slideshare.net/NAVEXGlobal).
About The Network, Inc.
The Network builds solutions that prevent, detect and remediate misconduct to help companies maintain ethical cultures. The company provides the industry's first Integrated GRC Suite, as well as whistleblower hotlines, Code of Conduct services and full library of ethics and compliance training courses help more than 4,000 customers and half of the Fortune 500 identify and mitigate risks every day. For more information, visit http://www.tnwinc.com.
SOURCE NAVEX Global
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