Riskonnect has acquired California-based ICIX, a technology company that helps businesses manage their ESG performance.
As first reported in our sister publication Business Insurance, terms of the transaction were not disclosed.
The acquisition enables Riskonnect customers to integrate ESG into their governance, risk and compliance programmes, the risk management information systems provider said in a statement.
ICIX has more than 30 employees and they are all joining Riskonnect, a spokeswoman said via email.
ICIX’s ESG service provides risk, audit and compliance executives with information and controls related to sourcing and supply chain management, safety and quality compliance, diversity and inclusion, and performance management.
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