Wolters Kluwer has acquired StandardFusion for €32 million to integrate its GRC solutions with TeamMate, enhancing their audit and compliance offerings.

Target Information

Wolters Kluwer Corporate Performance & ESG (CP & ESG) has completed the acquisition of StandardFusion, a Vancouver-based company specializing in cloud-based governance, risk, and compliance (GRC) solutions. This acquisition, valued at approximately €32 million, strengthens Wolters Kluwer's global leadership in audit and GRC by integrating StandardFusion's robust technology into its established audit and assurance platform, TeamMate.

StandardFusion’s platform offers comprehensive features including over 150 compliance frameworks and granular workflows. By unifying these capabilities with TeamMate, Wolters Kluwer aims to better serve organizations facing increasing regulatory demands and cybersecurity threats.

Industry Overview

The governance, risk, and compliance (GRC) industry is rapidly evolving, particularly in Canada, where regulatory frameworks are becoming increasingly complex. With an emphasis on data protection and cyber resili