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Galvanize

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GRC software for security, risk, compliance, and audit - Galvanize

New York City, United StatesFounded 1987Other B2B Software
Valuation $1–2.5B Last recorded · 2021
Revenue $100–500M Latest reported FY
Headcount <100 Current team size
Total funding $50–100M Disclosed equity funding
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About Galvanize

Galvanize, which now operates under the name Diligent, was originally founded as ACL Services in 1987 by Hartmut Will and his son Harald Will. The company originated from the University of British Columbia and for many years focused on providing analytics software for audit, risk management, and compliance professionals. A significant transformation began in 2011 with the arrival of Laurie Schultz as CEO, who was tasked with reinventing the company's technology, business model, and culture. A key milestone in this evolution was the acquisition of Workpapers.com, which was instrumental in shifting ACL's products to a cloud-based, subscription model.

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In 2019, following the acquisition of Rsam, a prominent governance, risk, and compliance (GRC) management company, ACL rebranded to Galvanize. This change was intended to reflect its expanded offerings beyond analytics to an integrated GRC platform. The business serves a broad range of clients, including a majority of the Fortune 1000 and S&P 500 companies, as well as hundreds of banks, manufacturers, and government organizations across 140 countries. Revenue is generated through a Software-as-a-Service (SaaS) model, where clients subscribe to its platform.

The company's core offering is the HighBond platform, an integrated, cloud-based solution that combines security, risk management, compliance, and audit software. This platform is designed to unify these functions, providing organizations with greater visibility into risk and simplifying compliance management. It features capabilities for data integration and robotic process automation, allowing clients to automate tasks and gain deeper insights into their risk profiles. In February 2021, Galvanize was acquired by Diligent Corporation for a reported $1 billion USD, a move aimed at creating the largest global GRC SaaS provider.

Source: Dealroom company data

At a glance

Founded
1987
Headquarters
New York City, United States
Sector
Other B2B Software
Power Law
Unicorn$1–10B valuation tierThoroughbred$100M+ revenue

Latest news

Press, funding announcements and product moves mentioning Galvanize.

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Investors

1 investor on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Series B and later1 investor entered at this stage

Team profiled 30 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 2 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
8 countries with
team presence
🇨🇦 Canada58.8%
🇮🇳 India20.6%
🇯🇵 Japan5.9%
🇮🇱 Israel2.9%
🇦🇪 United Arab Emirates2.9%
Top 5 of 8 shown
Web traffic by country
90 monthly visits
across markets
🇮🇳 India444.4%
Top 1 markets shown

Patents

Estimated portfolio value
$32k

1 active patent families included in this estimate.

A patent family groups patent filings for the same invention. Source: Dealroom · PatSnap.

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Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Galvanize on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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