Galvanize (software company): Difference between revisions
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== History == |
== History == |
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While working in the Faculty of Commerce's Division of Accounting at the [[University of British Columbia]] in 1972, Hartmut J. 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|last=|first=|date=|website=|access-date=}}</ref> |
While working in the Faculty of Commerce's Division of Accounting at the [[University of British Columbia]] in 1972, Hartmut J. 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|last=|first=|date=|website=|access-date=}}</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> |
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In November 2018, the Company was named one of [[Canada's Top 100 Employers]] by Mediacorp Canada Inc.<ref>{{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> |
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[https://www.complianceweek.com/acl-acquires-rsam/24840.article ACL acquired Rsam] in February 2019. |
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In March 2019, the Company was named one of [https://www.globenewswire.com/news-release/2019/03/07/1749568/0/en/ACL-Named-One-of-Canada-s-Best-Managed-Companies.html Canada's Best Managed Companies]. |
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In May 2019, [https://finance.yahoo.com/news/introducing-galvanize-acl-rsam-rebrand-090000317.html the Company rebranded] from ACL to [https://www.wegalvanize.com/ Galvanize]. |
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==Products & Services== |
==Products & Services== |
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Revision as of 20:40, 23 May 2019
 | This article contains content that is written like an advertisement. (October 2018) |
| Company type | Private |
|---|---|
| Industry | Computer software Governance, risk management, and compliance |
| Founded | 1987 |
| Headquarters | Vancouver, British Columbia , Canada |
Key people | |
| Products | ACL GRC; ACL Analytics; ACL Analytics Exchange; ACL GRC Content & Intelligence; ACL Direct Link for SAP Applications; ACL Add-in for Excel; Training & Customer Enablement |
Number of employees | 400 |
| Website | www |
Galvanize (formerly known as ACL Services Ltd.) is a privately-owned software as a service (SaaS) company founded and headquartered in Vancouver, British Columbia, Canada. The Company builds security, risk management, compliance and audit software for the 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, Australia, and more.
Key moments
- 1972: Hartmut J. Will (Hart Will) created the first interactive audit software known as Audit Command Language (ACL).
- 1987: ACL Services Ltd. was launched as a commercial business.
- September 2012: Laurie Schultz was named CEO.
- December 2017: the Company gets a $50M minority investment from Norwest.
- November 2018: the Company was named one of Canada's Top 100 Employers by Mediacorp Canada Inc.[1]
- February 2019: the Company, then known as ACL, acquired Rsam.
- March 2019: the Company is named one of Canada's Best Managed Companies.
- May 2019: the Company rebranded from ACL to Galvanize.
History
While working in the Faculty of Commerce's Division of Accounting at the University of British Columbia in 1972, Hartmut J. 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.
In March 2019, the Company was named one of Canada's Best Managed Companies.
In May 2019, the Company rebranded from ACL to Galvanize.
Products & Services
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:
- manage threats
- assess risk
- measure controls
- monitor compliance
- expand assurance coverage.
HighBond is a cloud-based platform that doesn't rely on third-party vendors and is hosted on Amazon's infrastructure.[10] In October 2018, Galvanize achieved "FedRAMP In Process" status.
Leadership
- Laurie Schultz, President & CEO (2011-)
- Dan Zitting, Chief Customer Experience Officer (2018-); Previously Chief Product Officer (2015-2018); Previously VP, Product Management & Design (2011-2015)
- Keith Cerny, Chief Technology Officer (2016-); Previously VP, R&D (2012-2016)
- Kathy Enros, Vice President, Talent (2014-)
- John Lauinger, General Counsel (2001-)
References
- ^ "Top Employer: ACL Services Ltd". content.eluta.ca. Retrieved 2017-11-22.
- ^ "The man who made 'auditing through the computer' possible - Meet the inventor of ACL" (PDF).
- ^ "Laurie Schultz Named CEO of ACL". Accounting Today. Retrieved 2017-11-23.
- ^ "Leadership". ACL. 2015-07-23. Retrieved 2017-11-23.
- ^ Fineberg, Seth (12 December 2011). "ACL Services Acquires Workpapers.com". Accounting Today. Retrieved 7 February 2013.
- ^ Bennett, Nelson (4 December 2012). "Laurie Schultz: Class struggle". Business in Vancouver. Retrieved 7 February 2013.
- ^ "ACL Invests in GRC Software Usability with Acquisition of Design Firm Artletic". ACL. 2015-05-28. Retrieved 2017-03-02.
- ^ ACL. "ACL Accelerates Category Consolidation Vision with $50 Million Strategic Investment from Norwest". www.prnewswire.com. Retrieved 2018-03-15.
- ^ "Top Employer: ACL Services Ltd". content.eluta.ca. Retrieved 2017-11-22.
- ^ "ACL transitions to cloud for broader global reach | GRC & Fraud Software Journal". www.fraudjournals.com. Retrieved 2017-03-02.
- "2009 IT Audit Benchmarking Study". The Institute of Internal Auditors. March 2009. Archived from the original on 2012-07-12. Retrieved 11 December 2012.
{{cite web}}: Unknown parameter|dead-url=ignored (|url-status=suggested) (help) - McCafferty, Dennis (14 January 2010). "U.S. Military Looks to Better Control Costs with Business Analytics, Better BI". Smarter Technology. Archived from the original on 2012-07-12. Retrieved 11 December 2012.
{{cite web}}: Unknown parameter|dead-url=ignored (|url-status=suggested) (help) - Krell, Eric (16 November 2009). "Your Internal Audit's Vital Signs". Business Finance Magazine. Retrieved 11 December 2012.
- McCann, David (10 November 2009). "Doing the Internal Audit-Management Dance". CFO.com. Retrieved 11 December 2012.
- Kelly, Susan (2 November 2009). "Monitoring the Monitors". Treasury & Risk. Retrieved 11 December 2012.
- McCann, David (18 September 2009). "Internal Audit: The Continuous Conundrum". CFO. Retrieved 11 December 2012.
- Baker, Neil (August 2009). "Software Trend Spotting". Internal Auditor. Retrieved 11 December 2012.
- McCann, David; Stuart, Alix (15 July 2009). "The 24/7 Audit". CFO Magazine. Retrieved 11 December 2012.
- Krell, Eric (14 July 2009). "Monitoring Matters". Business Finance Magazine. Retrieved 11 December 2012.
- ACL wins best application of technology at BCTIA's annual Technology Impact Awards (TechVibes)