Mitratech, a leading provider of legal and compliance software, announced the acquisition of digital governance, risk management and compliance platform provider Alyne.
Alyne leverages artificial intelligence to connect corporate legal and compliance functions, empowering professionals on both sides to assess, monitor, report, and act on all relative risks within the enterprise, including ESG management.
“The combination of Alyne and Mitratech brings a game-changing solution to the legal, risk and compliance industry. There’s increasing overlap between legal and compliance challenges, so there’s a real need for an intelligent platform that empowers cross-disciplinary integration and oversight,” said Mike Williams, CEO of Mitratech. “Organizations now have the ability to harness AI to instantly reveal and quantify risk, collaborate, increase efficiency, and create unrivaled operational resilience.”
With Alyne, Mitratech customers can now:
- Accelerate time to value through actionable AI.
- Mitigate risk in real time.
- Obtain quantifiable risk impacts.
- Reduce the complexity and costs of managing legal and compliance risk.
“We are thrilled to be joining the Mitratech suite of products,” said Karl Viertel, CEO at Alyne. “This is a case of the right alignment at the right time. Adding Alyne to Mitratech’s portfolio addresses a very real and pressing need for a holistic, cloud-based operational platform that allows users to oversee all legal and compliance risk.”
Karl Viertel will be ascending to the role of General Manager, GRC business unit.
This is Mitratech’s third acquisition of 2021, further demonstrating Mitratech’s commitment to technology investment and innovation.
Mitratech is a global technology partner for corporate legal, risk & compliance, and HR professionals seeking to maximize productivity, control expense, and mitigate risk by deepening operational alignment, increasing visibility, and spurring collaboration across their organization.