GRC acquisition: Marlowe plc buys VinciWorks for circa £54m

London-based GRC company VinciWorks announced this week that it has been acquired by AIM-listed software and services company Marlowe plc, a London-based GRC software giant, in a deal estimated to be worth at least £54m.

VinciWorks is currently developing a compliance platform that will enable companies to centrally manage their risk and compliance from a single system. The company, which we’re told is currently used by 60 of the top global 100 law firms, says that the acquisition by Marlowe will help it accelerate the development of this centralised platform.

VinciWorks’ tools include an 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.

The offering also includes Omnitrack, a data collection tool designed for compliance with over 30 global regulations, including KYC/CDD, supply chain management, whistleblowing and global tax reporting.

Alex Dacre, CEO of Marlowe, said: “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. 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 & ESG, employee and workplace risks.”

Josh Goodhardt, CEO of VinciWorks, added: “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. VinciWorks has grown rapidly from an e-learning business into a comprehensive risk, compliance and ESG solution. As the GRC market develops, global organisations 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.”

VinciWorks by numbers:

Clients – 530

Revenue – £5.5 million

EBITDA – £3.2 million

Users – 500,000

Compliance areas – Anti-money laundering, anti-bribery, cyber security, diversity and inclusion, GDPR, sanctions, whistleblowing

Key clients – 60 of the top 100 global law firms