RegScale acquires compliance company GovReady
RegScale, a next-generation Governance Risk and Compliance (GRC) software company with its research and development (R&D) headquartered in Knoxville, has just acquired GovReady, an open-source Compliance-as-Code platform.
RegScale said in a release that GovReady’s vision around a Compliance-as-Code, questionnaire-driven approach to generate System Security Plans (SSPs), coupled with RegScale’s expert-driven API-centric approach, positions RegScale as the market-leading National Institute of Standards and Technology (NIST) Open Security Controls Assessment Language (OSCAL)-enabled next-generation GRC platform.
Developed by NIST, OSCAL is a set of formats that provide machine-readable representations of control catalogues, control baselines, system security plans, and assessment plans and results. As early adopters and advocates, both RegScale and GovReady embraced OSCAL as a standards-based foundation for developing technology. With this acquisition, organizations regardless of size can embrace Compliance-as-Code and realize the benefits of OSCAL.
“Since inception, RegScale has been dedicated to helping organizations mitigate risk and regain control through our real-time GRC platform,” stated Anil Karmel, Co-founder and Chief Executive Officer of RegScale. “This acquisition furthers our commitment to bring compliance into the modern era, enabling organizations to move compliance from a point in time to a continuous, near real-time experience. We are thrilled to have Greg (Elin) and his team join RegScale. His expertise in both compliance and government will be key in accelerating our mission of simplifying and automating regulatory compliance.”
“We are thrilled to be adding the GovReady team as our newest RegScalers,” said Travis Howerton, RegScale Co-Founder and Chief Technology Officer. “With this acquisition, we are able to start consolidating the OSCAL market while establishing ourselves as the clear market leader for compliance as code. We are also able to relocate top talent from the GovReady team to Knoxville, TN to improve our R&D capabilities which will allow us to accelerate our product roadmap and to offer our customers additional capabilities that increase the value of the RegScale platform for them.”
Elin, GovReady Founder and Chief Executive Officer, will join RegScale’s R&D team in Knoxville as its OSCAL leader and Compliance-as-Code evangelist along with other members of the GovReady team.
“In conversations with RegScale, it became increasingly clear that we share a common goal: make compliance easier and available to all organizations,” stated Elin. “After spending the years of my career in government data helping companies remove compliance and Authority to Operate bottlenecks (ATO), I’m excited to join RegScale to continue transforming security compliance into a collaborative, automated practice aligned with modern software development. I look forward to what we can achieve together, bringing Compliance-as-Code to organizations around the world.”
This acquisition comes just a few months after RegScale announced the completion of a $20 million Series A funding round. RegScale was also second runner-up in the 2022 PYA-sponsored “Ballard Innovation Award.”