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Galvanize acquired by Diligent for US$1 billion

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ACL Services Ltd.

On April 6, 2021, Diligent Corporation (Diligent) announced the completion of its acquisition of ACL Services Ltd. (doing business as Galvanize), a global leader in SaaS governance, risk, and compliance (GRC) software. Diligent, a private equity-backed governance software company, acquired Galvanize from its shareholders, including its founder and minority investor Norwest Ventures Partners for US$1 billion. 

The transaction makes Diligent the world’s largest GRC SaaS company with more than 1,500 employees and one million users. 

The combined company will serve more than 23,000 clients across all industries and provide concierge-level support built on market-leading customer satisfaction scores. Diligent will benefit from Galvanize’s robust partner network and its comprehensive “Leader” recognition from both Gartner and Forrester analysts. Touting over 80 integrations with leading technology partners, Galvanize will also accelerate Diligent’s seamless integration into customers’ existing technology stacks.

Vancouver-based Galvanize is a leading provider of award-winning, cloud-based security, risk management, compliance, and audit software for some of the world’s largest organizations. 

Fasken advised ACL Services Ltd. (dba Galvanize) with a team that was led by Ally Bharmal (M&A) and included: Iain Mant and Reina Mistry and Katie Peardon (M&A); Michael Coburn and Hardeep Gill (Tax), Lorene Novakowski (LEHR); Karam Bayrakal (Technology); Antonio Di Domenico (Competition Law); and Helen Low (Litigation and Dispute Resolution).


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