Highlights:

  • Mitratech has taken over CMPG, LLC to strengthen its Enterprise Compliance Suite (ECS) offering
  • Products offered by CMPG are an absolute fit for Mitratech Enterprise Compliance Suite
  • Mitratech is all set to utilize CMPG’s products to reinforce its solutions’ portfolio

Mitratech Holdings Inc., a subsidiary of HGCapital, is a company that offers legal and compliance software solutions to businesses. It recently broke the news of its brand-new acquisition. Mitratech recently took over CMPG, LLC. The company explains that it plans to add CMPG’s products to its existing Enterprise Compliance Suite (ECS). This will strengthen its comprehensive range of software solutions with a focus on the reduction of corporate risk management, information governance, and data privacy.

CMPG is promoting this acquisition on its website with the following note:

“CMPG has been acquired by Mitratech. Its risk and management solutions will now be a part of the industry-leading Mitratech Enterprise Compliance Suite.”

CMPG that is involved in developing Performance Consulting Solutions focuses on delivering software solutions to industries such as financial services, insurance, and healthcare. The following are two of the signature products by the company.

  • VendorInsight:  an award-winning Vendor Risk Management (VRM) solution
  • Procipient: an easy-to-use, next-generation universal Enterprise Risk Management (ERM) solution

More on the product portfolio

It is said that both the signature products offered by CMPG, LLC are a perfect fit for Mitratech’s Enterprise Compliance Suite. The product amalgamation further opens opportunities to empower risk and compliance teams to meet the rapidly growing obligations of the industry.

The CEO’s take

Mike Williams, CEO of Mitratech, says, “We’re excited to be able to make CMPG’s solutions available to our current Mitratech clients.” He added, “We’re excited that CMPG customers now can have access to a broad range of risk and compliance solutions from Mitratech.”

“Both VRM and ERM are growing rapidly,” Mike Williams said, “since managing vendor risk has become so critical in highly regulated industries.  It’s where companies face the most risk today.”

By integrating enterprise and vendor risk management, Mitratech plans to offer an end-to-end range of risk and compliance management tools that combine overall visibility and oversight with the power to apply regulatory ad corporate compliance across the business and its vendor system.

More on the acquisition

Grant Karnes, CEO, CMPG, is excited for its customers and the two organizations that will enjoy tremendous opportunity born out of the acquisition.

He adds, “VendorInsight and Procipient complement Mitratech’s Enterprise Compliance Suite extremely well.  More importantly, our organizations share an emphasis on innovation, delivery excellence, and customer satisfaction. This ensures our users are actively involved and understood as we move forward with our product roadmap.”