Vancouver-born Galvanize has been acquired by corporate governance software maker Diligent for USD $1 billion. Terms of the deal were not disclosed but Galvanize CEO Laurie Schultz confirmed to BIV the billion dollar price tag.
Previously known as ACL, Galvanize was launched in 1987 by founders Harald and Hart Will – a time when floppy disks were the height of technology, gas was only 89 cents per gallon, and President Reagan famously demanded “Mr. Gorbachev, tear down this wall.”
Over the years Galvanize has evolved from “the analytics company” into an analyst-recognized risk management, compliance, and audit solution that unites all of these teams to a single platform.
Galvanize currently employs just under 500 in Vancouver—all of whom will remain on board, including the leadership team.