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Jerusalem-based VinciWorks acquired by Marlowe plc for $73 million

Jerusalem-based VinciWorks acquired by Marlowe plc for $73 million

The Israeli company currently provides risk and compliance tools to over 530 clients across the globe

CTech | 14:43  04.10.2021

VinciWorks, an Israeli risk management and compliance company, has been acquired by Marlowe plc, a London-based GRC software giant, in a deal estimated to be worth at least $73 million.

The Israeli company currently provides risk and compliance tools to over 530 clients across the globe. These tools include a comprehensive e-learning platform that enables companies to reduce risk by training employees on their responsibilities and tracking understanding. The e-learning platform adapts the training to the location, job role and knowledge of each employee.

VinciWorks team. Photo: Yehuda Solomont VinciWorks team. Photo: Yehuda Solomont VinciWorks team. Photo: Yehuda Solomont

According to Yehuda Solomont, VinciWorks’ CMO, the company is in the middle of developing a new compliance platform that will enable companies to centrally manage their risk and compliance from a single system. The platform aims to give risk and compliance professionals a centralized view of all global compliance and has the potential to leverage AI and machine learning to discover breaches and emerging risks.

Marlowe is a London stock-exchange-listed leader in business-critical services and software which assure safety and regulatory compliance. It generates £280 million (approximately $380 million) in revenue and has over 40,000 clients.

“Joining Marlowe was a natural next step for VinciWorks. Marlowe’s expertise and resources will help us accelerate our vision for a one-stop governance, risk and compliance platform," said Josh Goodhardt, CEO of VinciWorks. "VinciWorks has grown rapidly from an e-learning business into a comprehensive risk, compliance and ESG solution. As the GRC market develops, global organizations face compliance with an ever-increasing number of complex regulations and ESG requirements. VinciWorks has the regulatory knowledge and technical expertise to, together with Marlowe, build a next-generation platform for identifying and navigating risk and compliance around the globe.”

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VinciWorks’ primary R&D and service center is in the Jerusalem Technology Park. Over the past seven years it has grown from six local employees to over 30. The company has registered a compounded average growth rate of 30% over the past five years. It has over 500,000 users across many sectors, including 60 of the top 100 global law firms as clients.

“The acquisition of VinciWorks is a major development in Marlowe’s strategy to become the market leader in governance, risk and compliance software and cements our position as the UK’s leading GRC compliance eLearning business," said Alex Dacre, Chief Executive of Marlowe. "The acquisition is highly complementary to our existing portfolio of compliance software products and will enable us to offer clients a complete regulatory solution which enhances their visibility and understanding of evolving standards and regulations, enabling them to better manage their corporate and ESG, employee and workplace risks.”
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