Riskonnect Named Top-Tier Software Vendor by APPS RUN THE WORLD in the APPS TOP 500 Market Report

Riskonnect Strengths, Domain Expertise, and Key Differentiators

Riskonnect excels in delivering scalable, integrated risk management solutions that elevate the maturity of Enterprise Risk Management (ERM) and enhance the performance of Risk Management Information Systems (RMIS) globally. Its flagship products, Riskonnect GRC and Riskonnect RMIS, provide real-time insights and robust analytics, enabling executives to make data-driven decisions that enhance enterprise resilience. The platform’s ability to consolidate traditional insurance risks with strategic enterprise risks sets it apart, catering to organizations seeking to safeguard shareholder value. Riskonnect’s continuous innovation, evidenced by its integration of AI-driven features in its healthcare solutions and strategic partnerships with industry leaders like WTW, further strengthens its reputation as a trusted partner. The company’s focus on advanced analytics, automation, and user-friendly interfaces ensures it remains competitive in a rapidly evolving market.

Riskonnect Recent Developments

In April 2024, Riskonnect partnered with WTW to launch a Risk Diagnostic Tool that integrates claims and exposure data via WTW's Risk IQ API, aiming to streamline risk evaluation processes and provide clients with real-time insights to enhance their risk mitigation strategies. In November 2024, Riskonnect collaborated with Everbridge to integrate business continuity management with critical event communication. This partnership enables organizations to manage emergency notifications directly within Riskonnect’s platform, facilitating faster crisis response and improved coordination. In March 2025, Riskonnect introduced two AI-based features to its Healthcare Risk & Patient Safety solution: Predictive Category Classification and Adverse Event Severity Prediction. These enhancements are designed to automate event categorization and assess incident severity at the time of submission, facilitating more efficient incident management and investigation processes for healthcare organizations. These developments reflect Riskonnect's ongoing efforts to enhance its integrated risk management solutions through strategic partnerships and the incorporation of advanced technologies.

October 2023 saw the unveiling of a fresh collaboration as Riskonnect announced its partnership with Control Risks, a global specialist in risk consultancy. Control Risks has become a part of Riskonnect’s PartnerKonnect program, contributing to the initiative of assisting clients in enhancing organizational resilience through technology that consolidates all dimensions of enterprise risk management.

April 2023 witnessed Riskonnect unveiling a significant addition to its Enterprise Risk Management (ERM) solution with the introduction of Risk Bow Tie Analysis for Governance, Risk, and Compliance (GRC). This innovative feature automates the generation of Bow Tie diagrams and establishes risk relationships within the solution. This enhancement simplifies the integration of Bow Tie analysis into companies' risk management initiatives, facilitating broader engagement in the communication of risk across various audiences.

Riskonnect Mergers and Acquisitions (M&A) Activities

​In January 2024, Riskonnect acquired Ventiv Technology, a provider of risk, insurance, and underwriting technology solutions. This acquisition aimed to enhance Riskonnect's integrated risk management offerings by incorporating Ventiv's expertise in RMIS analytics, claims administration, and policy solutions. The combined entity serves over 2,700 customers globally, offering a comprehensive suite of risk management tools. In June 2024, Riskonnect acquired Camms, an Australian-based provider of enterprise cloud-based software for governance, risk, and compliance (GRC). This move expanded Riskonnect's GRC capabilities, including IT risk and strategy, and extended its global footprint, particularly in the Asia-Pacific region. Both acquisitions were supported by TA Associates, Riskonnect's majority investor, as part of a strategy to consolidate and enhance the company's position in the integrated risk management market.

Riskonnect Customers in ARTW Customer Database

Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Riskonnect applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of Riskonnect and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified Riskonnect Policy Management, Riskonnect Project Risk Management customers.

Riskonnect Key Enterprise and Cloud Applications

Riskonnect Policy Management, Riskonnect Project Risk Management

Riskonnect Revenues, $M:

Riskonnect Revenue Breakdown By Type, $M:

Riskonnect Enterprise Applications Revenues By Functional Markets, $M:

Riskonnect Enterprise Applications Revenues By Verticals, $M:

Riskonnect Revenues By Region, $M

Riskonnect Direct vs Indirect sales

Riskonnect Customers - Breakdown by Geo, Size, Vertical and Product

List of Verified Riskonnect Customers

No. of Riskonnect Customers: 2700

No. of Riskonnect Enterprise Applications Customers: 2700

No. of Riskonnect Cloud Customers: x

No. of Riskonnect Cloud Subscribers: x

​Riskonnect, established in 2007, has expanded its customer base to over 2,700 organizations across six continents. Its diverse clientele includes industry leaders such as Ameriprise Financial, Kaiser Permanente, ConAgra Foods, Ferguson, and Snap-on, spanning sectors like healthcare, finance, manufacturing, and staffing. This broad customer reach underscores Riskonnect’s ability to address varied risk management needs, from operational risks in healthcare to financial risks in corporate environments. The company’s global presence and tailored solutions have made it a preferred choice for organizations seeking comprehensive risk management platforms.

Riskonnect Market Opportunities, M&A and Geo Expansions

Riskonnect is expanding its offerings to meet the growing demand for integrated ESG and risk management solutions. The company's integration with Salesforce Net Zero Cloud enables seamless ESG data management, while its re-platforming of Marsh ClearSight provides a user-friendly RMIS solution. Additionally, Riskonnect is focusing on AI and ML technologies to enhance decision-making, operational efficiency, and global expansion through strategic acquisitions and partnerships.

Riskonnect Risks and Challenges

Riskonnect, led by CEO Jim Wetekamp as of February 2025, faces several challenges, including rising cybersecurity threats and evolving regulatory requirements like the EU's Digital Operational Resilience Act (DORA). The integration of acquisitions such as Ventiv Technology and the adoption of AI technologies also present risks in aligning systems and addressing ethical concerns. Additionally, global expansion requires navigating diverse market dynamics, regional risk landscapes, and customer expectations

Riskonnect Ecosystem, Partners, Resellers and SI

In April 2024, Riskonnect teamed up with WTW to launch a Risk Diagnostic Tool that integrates claims and exposure data through WTW's Risk IQ API, aiming to streamline risk evaluation processes and provide clients with real-time insights . These collaborations, facilitated through Riskonnect’s PartnerKonnect program, aim to deliver comprehensive, scalable risk management solutions worldwide.

November 2023 witnessed a collaboration between Riskonnect and Protiviti Member Firm for India. This strategic partnership serves to broaden Riskonnect's global influence by supporting Indian companies in consolidating all facets of risk through the implementation of integrated risk management technology.

April 2023 marked the introduction of a collaborative effort as Riskonnect announced its partnership with Wissda, a U.S.-based consulting organization specializing in risk and compliance transformation along with IT services. Together, Wissda and Riskonnect are dedicated to assisting organizations in establishing a comprehensive, data-driven, and scalable foundation for risk management technology and programs. This collaborative effort aims to foster collaboration and consolidate all facets of risk management under a single, unified platform.

February 2023 saw Riskonnect unveiling improvements to its Business Continuity and Resilience solution in collaboration with OnSolve, a critical event management provider specializing in helping organizations mitigate physical threats and maintain agility during crises. Through this partnership, Riskonnect will utilize OnSolve’s Risk Intelligence to offer a new Threat Intelligence module. This module enables resilience leaders to monitor global threats in real time, facilitating quicker and more effective responses to critical events.

Research Methodology

Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.

Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).

For additional information on our methodologies, here's the link: