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{{Short description|Software as a service company}}
{{Short description|Software as a service company}}
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{{Primary sources|date=August 2019}}
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{{Infobox company
{{Infobox company
| name = Galvanize
| name = Galvanize
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| net_income =
| net_income =
| num_employees = 500+
| num_employees = 500+
| parent = Diligent Corp.
| footnotes =
| footnotes =
| location_country = Canada
| location_country = Canada
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'''Galvanize''' (formerly known as ACL Services Ltd.) is a privately owned software as a service [[Software as a service|(SaaS)]] company founded and headquartered in [[Vancouver]], [[British Columbia]], [[Canada]].<ref>{{Cite news|url=https://biv.com/article/2019/05/vancouver-tech-mainstay-acl-rebrands-galvanize|title=Vancouver tech mainstay ACL rebrands as Galvanize|last=Orton|first=Tyler|date=13 May 2019|work=[[Business in Vancouver]]|access-date=7 August 2019}}</ref> The Company builds security, risk management, compliance and audit software for the [[Governance, risk management, and compliance|governance, risk management, and compliance (GRC)]] market.
'''Galvanize''' (formerly known as ACL Services Ltd. and currently branded as Diligent) is a privately owned software as a service [[Software as a service|(SaaS)]] company founded and headquartered in [[Vancouver]], [[British Columbia]], Canada.<ref>{{Cite news|url=https://biv.com/article/2019/05/vancouver-tech-mainstay-acl-rebrands-galvanize|title=Vancouver tech mainstay ACL rebrands as Galvanize|last=Orton|first=Tyler|date=13 May 2019|work=[[Business in Vancouver]]|access-date=7 August 2019}}</ref> The Company builds security, risk management, compliance and audit software for the [[Governance, risk management, and compliance|governance, risk management, and compliance (GRC)]] market.


Galvanize has offices in Vancouver (HQ), Singapore, London, Tokyo, and Secaucus, New Jersey. They also have a number of representatives and partners around the world, including throughout [[Africa]], [[France]], [[Malaysia]], the [[Philippines]], [[Indonesia]], [[Hong Kong]], [[China]] and [[Australia]].
Diligent's office in Vancouver is where many of the former Galvanize team work. In addition to Diligent offices in the UK, Ireland, Singapore, India, Australia and Mexico, they also have a number of representatives and partners around the world, including throughout Africa, France, Germany, Malaysia, the Philippines, Indonesia, and China.


== History ==
== History ==
While working in the Faculty of Commerce's Division of Accounting at the [[University of British Columbia]] in 1972, Hartmut J. Will (Hart Will) developed the first interactive audit software, "Audit Command Language" (ACL) for data bank and model bank audits.<ref>{{Cite web|url=https://www.acl.com/pdfs/IIA_UAE_Hart_Will_Article.pdf|title=The man who made 'auditing through the computer' possible - Meet the inventor of ACL}}</ref>
While working in the Faculty of Commerce's Division of Accounting at the [[University of British Columbia]] in 1972, Hartmut J. Will (Hart Will) developed the first interactive audit software, "Audit Command Language" (ACL) for data bank and model bank audits.<ref>{{Cite web|url=https://www.acl.com/pdfs/IIA_UAE_Hart_Will_Article.pdf|title=The man who made 'auditing through the computer' possible - Meet the inventor of ACL}}</ref>


In 1987, Will and his son, Harald Will, launched the commercial business ACL Services Ltd. Harald Will grew the company as Founder & CEO until inviting Laurie Schultz to assume the role of President and CEO of ACL in 2011.<ref>{{Cite news|url=https://www.accountingtoday.com/news/laurie-schultz-named-ceo-of-acl|title=Laurie Schultz Named CEO of ACL|work=Accounting Today|access-date=2017-11-23|language=en}}</ref><ref>{{Cite news|url=https://www.acl.com/about-us/leadership/|title=Leadership|date=2015-07-23|work=ACL|access-date=2017-11-23|language=en-US}}</ref>
In 1987, Will and his son, Harald Will, launched the commercial business ACL Services Ltd. Harald Will grew the company as founder & CEO until inviting Laurie Schultz to assume the role of President and CEO of ACL in 2011.<ref>{{Cite news|url=https://www.accountingtoday.com/news/laurie-schultz-named-ceo-of-acl|title=Laurie Schultz Named CEO of ACL|work=Accounting Today|access-date=2017-11-23|language=en}}</ref><ref>{{Cite news|url=https://www.acl.com/about-us/leadership/|title=Leadership|date=2015-07-23|work=ACL|access-date=2017-11-23|language=en-US}}</ref>


In 2012, ACL expanded into the electronic work papers market with the acquisition of Workpapers.com, led by Dan Zitting.<ref>{{cite web|url=http://www.accountingtoday.com/news/ACL-Services-Acquires-Workpapers-61092-1.html|title=ACL Services Acquires Workpapers.com|last=Fineberg|first=Seth|date=12 December 2011|publisher=Accounting Today|access-date=7 February 2013}}</ref> The acquisition signaled the shift by the company towards a cloud-based, [[Software as a service|SaaS]] business model.<ref>{{cite web|url=http://www.biv.com/article/20121204/BIV0201/121209992/-1/BIV/laurie-schultz-class-struggle|title=Laurie Schultz: Class struggle|last=Bennett|first=Nelson|date=4 December 2012|publisher=Business in Vancouver|access-date=7 February 2013|archive-url=https://web.archive.org/web/20131210201207/http://www.biv.com/article/20121204/BIV0201/121209992/-1/BIV/laurie-schultz-class-struggle|archive-date=10 December 2013|url-status=dead}}</ref>
In 2012, ACL expanded into the electronic work papers market with the acquisition of Workpapers.com, led by Dan Zitting.<ref>{{cite web|url=http://www.accountingtoday.com/news/ACL-Services-Acquires-Workpapers-61092-1.html|title=ACL Services Acquires Workpapers.com|last=Fineberg|first=Seth|date=12 December 2011|publisher=Accounting Today|access-date=7 February 2013}}</ref> The acquisition signaled the shift by the company towards a cloud-based, [[Software as a service|SaaS]] business model.<ref>{{cite web|url=http://www.biv.com/article/20121204/BIV0201/121209992/-1/BIV/laurie-schultz-class-struggle|title=Laurie Schultz: Class struggle|last=Bennett|first=Nelson|date=4 December 2012|publisher=Business in Vancouver|access-date=7 February 2013|archive-url=https://web.archive.org/web/20131210201207/http://www.biv.com/article/20121204/BIV0201/121209992/-1/BIV/laurie-schultz-class-struggle|archive-date=10 December 2013|url-status=dead}}</ref>
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ACL took its first outside funding in the form of a $50 million strategic minority investment led by the growth equity team at [[Norwest Venture Partners|Norwest]] in December 2017.<ref>{{Cite web|url=https://www.prnewswire.com/news-releases/acl-accelerates-category-consolidation-vision-with-50-million-strategic-investment-from-norwest-300572925.html|title=ACL Accelerates Category Consolidation Vision with $50 Million Strategic Investment from Norwest|last=ACL|website=www.prnewswire.com|language=en|access-date=2018-03-15}}</ref>
ACL took its first outside funding in the form of a $50 million strategic minority investment led by the growth equity team at [[Norwest Venture Partners|Norwest]] in December 2017.<ref>{{Cite web|url=https://www.prnewswire.com/news-releases/acl-accelerates-category-consolidation-vision-with-50-million-strategic-investment-from-norwest-300572925.html|title=ACL Accelerates Category Consolidation Vision with $50 Million Strategic Investment from Norwest|last=ACL|website=www.prnewswire.com|language=en|access-date=2018-03-15}}</ref>


In November 2018, the Company was named one of [[Canada's Top 100 Employers]] by Mediacorp Canada Inc.<ref name=":0">{{Cite web|url=https://content.eluta.ca/top-employer-acl-services|title=Top Employer: ACL Services Ltd.|website=content.eluta.ca|access-date=2017-11-22}}</ref>
In November 2018, the company was named one of "[[Canada's Top 100 Employers]]" by Mediacorp Canada Inc.<ref name=":0">{{Cite web|url=https://content.eluta.ca/top-employer-acl-services|title=Top Employer: ACL Services Ltd.|website=content.eluta.ca|access-date=2017-11-22}}</ref>


ACL acquired Rsam in February 2019.<ref>{{Cite news|url=https://www.complianceweek.com/acl-acquires-rsam/24840.article|title=ACL acquires Rsam|date=4 February 2019|work=[[Compliance Week]]|access-date=7 August 2019}}</ref>
ACL acquired Rsam in February 2019.<ref>{{Cite news|url=https://www.complianceweek.com/acl-acquires-rsam/24840.article|title=ACL acquires Rsam|date=4 February 2019|work=[[Compliance Week]]|access-date=7 August 2019}}</ref>


In March 2019, the Company was named one of Canada's Best Managed Companies.<ref name="globenewswire.com">{{Cite press release|url=https://www.globenewswire.com/news-release/2019/03/07/1749568/0/en/ACL-Named-One-of-Canada-s-Best-Managed-Companies.html|title=ACL Named One of Canada’s Best Managed Companies|date=7 March 2019|access-date=7 August 2019}}</ref>
In March 2019, the company was named one of "Canada's Best Managed Companies."<ref name="globenewswire.com">{{Cite press release|url=https://www.globenewswire.com/news-release/2019/03/07/1749568/0/en/ACL-Named-One-of-Canada-s-Best-Managed-Companies.html|title=ACL Named One of Canada’s Best Managed Companies|date=7 March 2019|access-date=7 August 2019}}</ref>


In May 2019, the Company rebranded from ACL to Galvanize.<ref>{{Cite press release|url=https://finance.yahoo.com/news/introducing-galvanize-acl-rsam-rebrand-090000317.html|title=Introducing Galvanize: ACL and Rsam Rebrand to Create GRC Category-Defining Company|date=13 May 2019|access-date=7 August 2019}}</ref>
In May 2019, the company rebranded from ACL to Galvanize.<ref>{{Cite press release|url=https://finance.yahoo.com/news/introducing-galvanize-acl-rsam-rebrand-090000317.html|title=Introducing Galvanize: ACL and Rsam Rebrand to Create GRC Category-Defining Company|date=13 May 2019|access-date=7 August 2019}}</ref>


In March 2020, Galvanize was once again named one of Canada's Best Managed Companies for the second consecutive year.<ref>{{Cite web|url=http://www.oleantimesherald.com/business/galvanize-named-one-of-canada-s-best-managed-companies-for/article_f1cc5d8e-8bf6-5232-902f-659725b1e83d.html|title=Galvanize Named One of Canada’s Best Managed Companies for Second Consecutive Year|website=Olean Times Herald|language=en|access-date=2020-03-05}}</ref> Galvanize was also named a Leader in The Forrester Wave: Governance, Risk, and Compliance Software for Q1 2020.<ref>{{Cite web|url=https://business.financialpost.com/pmn/press-releases-pmn/business-wire-news-releases-pmn/galvanize-named-a-leader-in-governance-risk-and-compliance-software-by-independent-research-firm|title=Galvanize Named a Leader in Governance, Risk, and Compliance Software by Independent Research Firm {{!}} Financial Post|last=Releases|first=Business Wire News|date=2020-03-10|language=en-CA|access-date=2020-03-12}}</ref>
In March 2020, Galvanize was once again named one of "Canada's Best Managed Companies" for the second consecutive year.<ref>{{Cite web|url=http://www.oleantimesherald.com/business/galvanize-named-one-of-canada-s-best-managed-companies-for/article_f1cc5d8e-8bf6-5232-902f-659725b1e83d.html|title=Galvanize Named One of Canada’s Best Managed Companies for Second Consecutive Year|website=Olean Times Herald|language=en|access-date=2020-03-05}}</ref> Galvanize was also named a Leader in The Forrester Wave: Governance, Risk, and Compliance Software for Q1 2020.<ref>{{Cite press release|url=https://business.financialpost.com/pmn/press-releases-pmn/business-wire-news-releases-pmn/galvanize-named-a-leader-in-governance-risk-and-compliance-software-by-independent-research-firm|title=Galvanize Named a leader in Governance, Risk, and Compliance Software by Independent Research Firm |publisher= Financial Post|last=Releases|date=2020-03-10}}</ref>


In February 2021, Galvanize had announced that they have been sold to Diligent Corp. <ref>{{Cite web|url= https://www.theglobeandmail.com/business/article-vancouver-based-risk-and-compliance-software-provider-galvanize-sold/|title=Vancouver-based risk and compliance software provider Galvanize sold for US$1-billion </ref>
In February 2021, Galvanize announced that they had been sold to Diligent Corp.<ref>{{Cite web|url= https://www.theglobeandmail.com/business/article-vancouver-based-risk-and-compliance-software-provider-galvanize-sold/|title=Vancouver-based risk and compliance software provider Galvanize sold for US$1-billion |website=theglobeandmail.com |date=2021-02-26}}</ref>


==Products & Services==
==Products and services==
=== HighBond platform ===
=== HighBond platform ===
The HighBond platform is designed for security, risk management, compliance, and audit professionals. Using an organization's data, these professionals use the platform to:
The HighBond platform was designed for security, risk management, compliance, and audit professionals. In 2023, it was rebranded the Diligent One platform. Using an organization's data, these professionals use the platform to:


* manage threats
* manage threats
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* expand assurance coverage.
* expand assurance coverage.


HighBond is a cloud-based platform that doesn't rely on third-party vendors and is hosted on Amazon's infrastructure.<ref>{{Cite web|url=http://www.fraudjournals.com/acl-transitions-to-cloud/|title=ACL transitions to cloud for broader global reach {{!}} GRC & Fraud Software Journal|website=www.fraudjournals.com|language=en-US|access-date=2017-03-02}}</ref> In [https://www.newswire.ca/news-releases/acl-reaches-milestone-with-fedramp-in-process-moderate-designation-697682211.html October 2018, Galvanize achieved] "[[FedRAMP]] In Process" status.
The Diligent One Platform is a cloud-based platform that doesn't rely on third-party vendors and is hosted on Amazon's infrastructure.<ref>{{Cite web|url=http://www.fraudjournals.com/acl-transitions-to-cloud/|title=ACL transitions to cloud for broader global reach {{!}} GRC & Fraud Software Journal|website=www.fraudjournals.com|language=en-US|access-date=2017-03-02}}</ref>


== Leadership ==
== Awards and accolades ==
* Laurie Schultz, President & CEO (2011-)
* Dan Zitting, Chief Product & Strategy Officer (2019-) ; Previously Chief Customer Experience Officer (2018-2019); Previously Chief Product Officer (2015-2018); Previously VP, Product Management & Design (2011-2015)
* Keith Cerny, Chief People Officer (2019-); Previously Chief Technology Officer (2016-2019)
* John Lauinger, General Counsel (2001-)

== Awards & Accolades ==
In November 2018, the Company was named one of [[Canada's Top 100 Employers]] by Mediacorp Canada Inc.<ref name=":0" />
In November 2018, the Company was named one of [[Canada's Top 100 Employers]] by Mediacorp Canada Inc.<ref name=":0" />


Line 80: Line 72:


==External links==
==External links==
⚫
*{{Official website}}
*{{cite web |url=http://www.theiia.org/download.cfm?file=4974 |title=2009 IT Audit Benchmarking Study |date=March 2009 |publisher=The Institute of Internal Auditors |access-date=11 December 2012 |archive-url=https://web.archive.org/web/20120712224800/http://www.theiia.org/download.cfm?file=4974 |archive-date=2012-07-12 |url-status=dead }}
*{{cite web |url=http://www.theiia.org/download.cfm?file=4974 |title=2009 IT Audit Benchmarking Study |date=March 2009 |publisher=The Institute of Internal Auditors |access-date=11 December 2012 |archive-url=https://web.archive.org/web/20120712224800/http://www.theiia.org/download.cfm?file=4974 |archive-date=2012-07-12 |url-status=dead }}
*{{cite web |url=http://www.theiia.org/download.cfm?file=4974 |title=U.S. Military Looks to Better Control Costs with Business Analytics, Better BI |last=McCafferty |first=Dennis |date=14 January 2010 |publisher=Smarter Technology |access-date=11 December 2012 |archive-url=https://web.archive.org/web/20120712224800/http://www.theiia.org/download.cfm?file=4974 |archive-date=2012-07-12 |url-status=dead }}
*{{cite web |url=http://www.theiia.org/download.cfm?file=4974 |title=U.S. Military Looks to Better Control Costs with Business Analytics, Better BI |last=McCafferty |first=Dennis |date=14 January 2010 |publisher=Smarter Technology |access-date=11 December 2012 |archive-url=https://web.archive.org/web/20120712224800/http://www.theiia.org/download.cfm?file=4974 |archive-date=2012-07-12 |url-status=dead }}
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*{{cite web |url=http://businessfinancemag.com/article/monitoring-matters-0714?page=0%2C0 |title=Monitoring Matters |first=Eric |last=Krell |date=14 July 2009 |publisher=Business Finance Magazine |access-date=11 December 2012}}
*{{cite web |url=http://businessfinancemag.com/article/monitoring-matters-0714?page=0%2C0 |title=Monitoring Matters |first=Eric |last=Krell |date=14 July 2009 |publisher=Business Finance Magazine |access-date=11 December 2012}}
*[http://www.techvibes.com/blog/sierra-wireless-picks-up-top-awards-at-tias ACL wins best application of technology at BCTIA's annual Technology Impact Awards (TechVibes)]
*[http://www.techvibes.com/blog/sierra-wireless-picks-up-top-awards-at-tias ACL wins best application of technology at BCTIA's annual Technology Impact Awards (TechVibes)]

==External links==
⚫
*{{Official website}}


{{Authority control}}
{{Authority control}}

Latest revision as of 16:26, 23 April 2024

Galvanize
Company typePrivate
IndustryComputer software
Governance, risk management, and compliance
PredecessorACL Services Ltd.
Founded1987; 37 years ago (1987)
Headquarters
Vancouver, British Columbia
,
Canada
Key people
ProductsHighBond, ACL Robotics, RiskBond, FraudBond, AuditBond, ControlsBond, ComplianceBond, Rsam ITGRCBond, Rsam ThirdPartyBond, Rsam ContinuityBond, Rsam PolicyBond, Rsam IncidentBond, Rsam CyberBond
Number of employees
500+
ParentDiligent Corp.
Websitewww.wegalvanize.com

Galvanize (formerly known as ACL Services Ltd. and currently branded as Diligent) is a privately owned software as a service (SaaS) company founded and headquartered in Vancouver, British Columbia, Canada.[1] The Company builds security, risk management, compliance and audit software for the governance, risk management, and compliance (GRC) market.

Diligent's office in Vancouver is where many of the former Galvanize team work. In addition to Diligent offices in the UK, Ireland, Singapore, India, Australia and Mexico, they also have a number of representatives and partners around the world, including throughout Africa, France, Germany, Malaysia, the Philippines, Indonesia, and China.

History

[edit]

While working in the Faculty of Commerce's Division of Accounting at the University of British Columbia in 1972, Hartmut J. Will (Hart Will) developed the first interactive audit software, "Audit Command Language" (ACL) for data bank and model bank audits.[2]

In 1987, Will and his son, Harald Will, launched the commercial business ACL Services Ltd. Harald Will grew the company as founder & CEO until inviting Laurie Schultz to assume the role of President and CEO of ACL in 2011.[3][4]

In 2012, ACL expanded into the electronic work papers market with the acquisition of Workpapers.com, led by Dan Zitting.[5] The acquisition signaled the shift by the company towards a cloud-based, SaaS business model.[6]

ACL acquired digital design firm Artletic LLC in 2015.[7]

ACL took its first outside funding in the form of a $50 million strategic minority investment led by the growth equity team at Norwest in December 2017.[8]

In November 2018, the company was named one of "Canada's Top 100 Employers" by Mediacorp Canada Inc.[9]

ACL acquired Rsam in February 2019.[10]

In March 2019, the company was named one of "Canada's Best Managed Companies."[11]

In May 2019, the company rebranded from ACL to Galvanize.[12]

In March 2020, Galvanize was once again named one of "Canada's Best Managed Companies" for the second consecutive year.[13] Galvanize was also named a Leader in The Forrester Wave: Governance, Risk, and Compliance Software for Q1 2020.[14]

In February 2021, Galvanize announced that they had been sold to Diligent Corp.[15]

Products and services

[edit]

HighBond platform

[edit]

The HighBond platform was designed for security, risk management, compliance, and audit professionals. In 2023, it was rebranded the Diligent One platform. Using an organization's data, these professionals use the platform to:

  • manage threats
  • assess risk
  • measure controls
  • monitor compliance
  • expand assurance coverage.

The Diligent One Platform is a cloud-based platform that doesn't rely on third-party vendors and is hosted on Amazon's infrastructure.[16]

Awards and accolades

[edit]

In November 2018, the Company was named one of Canada's Top 100 Employers by Mediacorp Canada Inc.[9]

In March 2019, the Company was named one of Canada's Best Managed Companies.[11]

See also

[edit]

References

[edit]
  1. ^ Orton, Tyler (13 May 2019). "Vancouver tech mainstay ACL rebrands as Galvanize". Business in Vancouver. Retrieved 7 August 2019.
  2. ^ "The man who made 'auditing through the computer' possible - Meet the inventor of ACL" (PDF).
  3. ^ "Laurie Schultz Named CEO of ACL". Accounting Today. Retrieved 2017-11-23.
  4. ^ "Leadership". ACL. 2015-07-23. Retrieved 2017-11-23.
  5. ^ Fineberg, Seth (12 December 2011). "ACL Services Acquires Workpapers.com". Accounting Today. Retrieved 7 February 2013.
  6. ^ Bennett, Nelson (4 December 2012). "Laurie Schultz: Class struggle". Business in Vancouver. Archived from the original on 10 December 2013. Retrieved 7 February 2013.
  7. ^ "ACL Invests in GRC Software Usability with Acquisition of Design Firm Artletic". ACL. 2015-05-28. Retrieved 2017-03-02.
  8. ^ ACL. "ACL Accelerates Category Consolidation Vision with $50 Million Strategic Investment from Norwest". www.prnewswire.com. Retrieved 2018-03-15.
  9. ^ a b "Top Employer: ACL Services Ltd". content.eluta.ca. Retrieved 2017-11-22.
  10. ^ "ACL acquires Rsam". Compliance Week. 4 February 2019. Retrieved 7 August 2019.
  11. ^ a b "ACL Named One of Canada's Best Managed Companies" (Press release). 7 March 2019. Retrieved 7 August 2019.
  12. ^ "Introducing Galvanize: ACL and Rsam Rebrand to Create GRC Category-Defining Company" (Press release). 13 May 2019. Retrieved 7 August 2019.
  13. ^ "Galvanize Named One of Canada's Best Managed Companies for Second Consecutive Year". Olean Times Herald. Retrieved 2020-03-05.
  14. ^ Releases (2020-03-10). "Galvanize Named a leader in Governance, Risk, and Compliance Software by Independent Research Firm" (Press release). Financial Post.
  15. ^ "Vancouver-based risk and compliance software provider Galvanize sold for US$1-billion". theglobeandmail.com. 2021-02-26.
  16. ^ "ACL transitions to cloud for broader global reach | GRC & Fraud Software Journal". www.fraudjournals.com. Retrieved 2017-03-02.
[edit]
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