Canadian RegTech Resolver collects $20m to fuel acquisition strategy

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fintech insurtech wealthtech regtech ai cybertech esg news

Toronto-based Resolver, which provides software for the risk, security and compliance markets, has raised $20m in funding.

The capital came from it’s principal investors, including Klass Capital, and will be used to fund the company’s acquisition strategy as it looks to expand product capability in the information security market.

Resolver was formed through a combination of two risk management software providers. In December 2014, Klass acquired PPM 2000, a provider of incident management software. PPM 2000 then acquired Resolver and its suite of governance, risk and compliance products in April 2015. Together, the combined entity provides an integrated risk platform that helps organisations manage both physical and enterprise risk.

Resolver’s integrated risk management platform supports the response and recovery process when an unplanned event does occur; including Incident reporting, incident response and investigations according to its website.

It also claims to help organisations in planning and preparing to limit the likeliness or impact of events from occurring; this includes risk assessment, internal control, internal audit, compliance management, enterprise risk management and incident management.

Led by CEO Will Anderson, Resolver’s team is comprised of security, risk, and compliance experts supporting customers across 100 countries through its offices in North America, United Kingdom, the Middle East, and Australia.

Anderson said, “Our mission statement is to protect what matters. Our integrated risk management framework has significant capabilities that meets the needs of our customers in our existing markets. However, to fully be a partner to our customers in addressing their risk and security requirements we need a complete offering that includes information security. These markets will be our target in the coming quarter.”

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