Carlsquare advised ICIX in its acquisition by Riskonnect
ICIX, a California-based value chain governance company that empowers businesses to manage, monitor and verify ESG performance, has been acquired by Thoma Bravo-backed Riskonnect, a specialist in integrated risk management (IRM) solutions. The acquisition accelerates Riskonnect’s global growth by expanding its IRM product suite to better serve the increasing risk and compliance demands of the fast-growing ESG market.
“Globally, companies are under increasing pressure from investors to manage all aspects of ESG, and we are seeing an increased need for ESG to be incorporated into the enterprise GRC roadmap,” added John Cooper, Managing Partner Carlsquare, “We anticipate that we will see further market consolidation in ESG and GRC as industry leaders like Riskonnect and ICIX strive to create holistic integrated risk management platforms.”
Terms of the transaction were not disclosed.
Capital Clarity acted as exclusive financial advisor to ICIX. Carlsquare and Capital Clarity merged in 2023.

ICIX


Riskonnect
