Cambridge : Neohapsis, a leading provider of governance, risk, and compliance (GRC) products and services, has acquired the assets of Texert, Inc., a Dallas-based provider of enterprise risk management (ERM) solutions. This move further extends Neohapsis’ compliance and risk management capability, providing organizations with a comprehensive framework to address governance, risk management, and regulatory compliance requirements. Terms of the deal were not disclosed.

With global enterprises under increasing pressure to proactively identify, assess, and manage risk, while also managing regulatory compliance, a holistic view of risk and compliance data, associated controls, and analytics is needed in order to make confident, risk-aware business decisions. Neohapsis understands the challenges of managing diverse regulatory mandates, complex organizational structures, and varying business risk profiles. This acquisition further accelerates Neohapsis’ position as a GRC product and services leader.

Texert’s JPort product enables organizations to eliminate existing manual risk management solutions, which provide only limited, point-in-time visibility, and effectively respond to changing business conditions. Neohapsis will quickly merge the strengths of the existing NeoGRC™ product, with the advanced risk management capability of the JPort product; the result will be an easy to use, intuitive, customizable platform that enables automated risk and compliance assessments, early warning risk detection, forensic analysis of operational events, and the aggregation of risk data to effectively mitigate enterprise threats.

“Business professionals make numerous risk management decisions each day,” said James Mobley, President and CEO of Neohapsis. “Our mission is to help organizations better understand the reality of current and future risks. This acquisition supports our goal of transforming, not only practitioners, but all professionals into intelligent managers of risk. Neohapsis’ advanced services team will further accelerate the time to value cycle of the product offerings. Expert risk and security consultants will help customers define, capture, rank, and take action on the most critical risks to their organizations.”

NeoGRC is offered as a hosted or on premise solution that supports enterprise-wide risk management, compliance, and security by linking organizational objectives, with risks and controls.