Riskonnect buys ESG specialist ICIX

Riskonnect Inc. said Thursday it has acquired San Mateo, California-based ICIX, a technology company that helps businesses manage their environmental, social and governance performance.

Terms of the transaction were not disclosed.

The acquisition enables Riskonnect customers to integrate ESG into their governance, risk and compliance programs, the Atlanta-based risk management information systems provider said in a statement.

ICIX has more than 30 employees and they are all joining Riskonnect, a spokeswoman said via email.

ICIX’s ESG service provides risk, audit and compliance executives with information and controls related to sourcing and supply chain management, safety and quality compliance, diversity and inclusion, and performance management.