StandardFusion has been acquired by Wolters Kluwer in a cash deal valued at approximately $50M, marking a notable exit for the city’s enterprise software ecosystem.
The acquisition brings StandardFusion’s cloud-based governance, risk, and compliance (GRC) platform into Wolters Kluwer’s Corporate Performance & ESG (CP & ESG) division, where it will be integrated with the company’s audit and assurance software, TeamMate. The combined offering is designed to deliver a unified audit and GRC solution as organizations contend with rising regulatory pressure and escalating cybersecurity risk.
Founded in Vancouver, StandardFusion provides enterprise-ready GRC software with configurable workflows and a library of more than 150 compliance frameworks. Its tools are used by medium and large organizations to manage risk, map controls, and maintain ongoing compliance across multiple standards.
Wolters Kluwer said the acquisition strengthens TeamMate’s ability to offer integrated risk and control oversight, enabling faster evidence collection, cross-framework control mapping, and continuous compliance across the “three lines of defense” model. The company positions the move as a response to growing global demand for consolidated audit, risk, and compliance platforms.
StandardFusion is a member of the BC Tech Association.
BC Tech is the largest member-led technology non-profit in British Columbia, and we’re dedicated to turning startups and scaleups into the anchor companies of tomorrow. Our work supports members to grow and diversify their talent pool, acquire new customers, access capital and accelerate their scaleup journey. Technology is a key industry for BC’s future and builds resiliency in every industry. Today, every company is a tech company. Join now.
“Uniting TeamMate and StandardFusion creates a single, powerful platform for audit and GRC,” said Frans Klaassen, Senior Vice President and General Manager of Wolters Kluwer Audit & Assurance and Corporate Tax, pointing to increased resilience and improved insight for customers.
StandardFusion CEO Mirek Pijanowski described the deal as a pivotal step for the company, noting that integration with TeamMate and access to Wolters Kluwer’s global footprint will allow the platform to better serve larger enterprises while continuing to invest in customer-driven product development.
In 2024, StandardFusion generated approximately $6M in unaudited gross revenue, with about 94% recurring. Wolters Kluwer expects the acquisition to deliver a return on invested capital above its after-tax weighted average cost of capital within three to five years. Roughly 40 employees will join Wolters Kluwer as part of the transaction, which is expected to have an immaterial impact on near-term adjusted earnings.
Leave a Reply