StarCompliance (“Star”), a leading global software-as-a-service (SaaS) provider of employee compliance technology solutions, announces its acquisition of ETHIX360, a US-based provider of next-generation integrated risk and compliance management solutions. ETHIX360’s cloud-based, SaaS solutions provide case management, policy management, compliance training and whistleblower capabilities to over four million workers across 80 countries in numerous industries including manufacturing, healthcare, financial services, energy, retail and hospitality, the public sector, and education. This acquisition further expands StarCompliance’s leading product suite to provide compliance solutions across both employee conflicts of interest and employee conduct.
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We have seen a greater blurring of the lines between Compliance and Human Resources departments around employee compliance,” stated Jennifer Sun, CEO of StarCompliance. “By bringing together Star’s employee conflict of interest solutions with ETHIX360’s employee conduct products, we create a superior, comprehensive platform that gives companies a holistic view of employee compliance activity and offers workers a single portal to access their company’s compliance program,” said Sun.
Star’s new Employee Incident & Policy Management solution extends the robust offerings of its future-ready employee compliance platform by adding enhanced capabilities, including:
- Case management platform with intake methods for reporting employee concerns, and collecting, managing, investigating, and resolving incidents.
- Policy management solution that simplifies creating, maintaining, and managing policies.
- Portfolio of proprietary and third-party ethics and compliance training content
- Fully compliant live and digital call centers enabling phone and web incident intake across multiple countries and languages.
“Combining our multi-vertical client base with Star’s broad footprint in financial services creates a unique growth opportunity for both companies,” said J Rollins, CEO at ETHIX360. “We are excited to be an important part of Star’s journey to change the landscape of the compliance industry with a true end-to-end employee compliance platform.”
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Representing a significant product investment by Star, this transaction enhances Star’s solution for new and existing clients, and will make each company’s product available to the other’s client base and prospects, with no service interruption to existing clients. The innovative acquisition brings Code of Conduct and Code of Ethics uniquely into one comprehensive platform providing a safe space for employees to raise concerns, a secure system to investigate and resolve those concerns, more resources, and advanced analytics and reporting capabilities to assess risk and monitor performance.
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