SAI360 and Baring Private Equity Asia to Accelerate Investments in Cloud-First GRC Platform Following Strategic Sale of SAI Global Assurance to Intertek
Baring Private Equity Asia and SAI Global rename the activity of the SAI360 Governance, Risk, and Compliance (GRC) platform as an autonomous and pure-play offer
CHICAGO, September 7, 2021 / PRNewswire / – SAI Global Group today announced the completion of the sale of SAI Global Assurance, its standards and assurance services division, to Intertek Group (“Intertek”), a total quality assurance provider . SAI Global Assurance was previously part of the larger SAI Global group owned by funds affiliated with private equity firm Baring Private Equity Asia (“BPEA”).
The successful transaction allows SAI Global Group to simplify its strategy as a leading global provider of software and technology solutions for risk, learning, security and sustainability. The proceeds from the transaction will eliminate all unpaid debts to further strengthen the company’s balance sheet and accelerate planned investments in its SaaS cloud software suite, SAI360, with a focus on R&D and global sales and marketing capabilities.
Following the sale, the activity of the SAI360 Governance, Risk, and Compliance (GRC) platform will be renamed SAI360, unifying its name, logo, market presence and identity around its first platform. SAI360 form in the cloud. Earlier this month, SAI360 was named a Leader in Gartner’s 2021 Magic Quadrant for IT Vendor Risk Management Tools for the third consecutive year.
Chairman and CEO of SAI360 Pierre Granat said: “I am excited about this next chapter of the SAI360 adventure. Eliminating debt creates great strategic flexibility and allows us to accelerate our R&D investments as a leading company in outright cloud software and content through risk, ethics, compliance, space for safety and sustainability. “
“After the strategic sale of SAI Global Assurance, we now have a world-class GRC platform in SAI360 which enjoys a strong reputation in the market. BPEA is looking forward to supporting Peter and the SAI360 team not only to further expand the industry leader of SAI360. technological and marketing capabilities, but also to seek new opportunities for strategic growth, ”commented the CEO of BPEA Nicolas macksey.
SAI360 (formerly SAI Global) is a leading provider of risk management, learning, ESS and sustainability software. Our cloud-based SAI360 platform contains flexible, scalable and configurable modules for a better perspective on risk management. Our unified approach to risk management is what sets us apart, helping organizations around the world manage risk, build trust and achieve business resilience for over 25 years.
SAI360 is headquartered at Chicago, United States, and operates through Europe, the Middle East, Africa, Americas, Asia, and the Pacific. Find out more on sai360.com or follow us on LinkedIn. To see our platform in action, request a demo.
Baring Private Equity Asia (BPEA) is one of the asia largest private alternative investment firms, with assets under management of $ 27 billion. BPEA manages a private equity investment program, sponsoring buyouts and providing growth capital to companies for expansion or acquisitions with a particular focus on the Asia Pacific region, as well as dedicated funds focused on private real estate and private credit. The company has a history of 24 years and more than 210 employees in nine offices in Beijing, Delhi, Hong Kong, Los Angeles, Bombay, Singapore, Shanghai, Sydney, and Tokyo.
BPEA is a responsible investor who seeks to create value for all stakeholders through a sustainable approach to investing. The company is a signatory of the UNPRI (United Nations Principles for Responsible Investment) and is committed to acting within its own business and the businesses in which it invests to foster sustainable development across a range of issues, from climate change to social concerns through effective governance. .
For more information, please visit www.bpeasia.com
M: +1 (508) 345-1570
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