Riskonnect, a specialist in integrated risk management service and backed by Thoma Bravo, has acquired ICIX, a California-based value chain governance company that empowers businesses to manage, monitor and very ESG performance.

The purchase accelerates Riskonnect’s global growth by expanding its IRM product suit to serve increasing risk and compliance demands of the ESG market.

ICIX was represented by Capital Clarity, LLC in the acquisition.

“Globally, companies are under increasing pressure from investors to manage all aspects of ESG, and we are seeing an increased need for ESG to be incorporated into the enterprise GRC roadmap,” added¬†John Cooper, Managing Partner at Capital Clarity.