UK-based Achilles Information, a supply chain risk and performance management service provider, announced the acquisition of Global Risk Management Solutions (GRMS), a provider of supplier risk management programmes, headquartered in Irvine, California.
This move builds on the momentum of Achilles’ recent purchase of GoSupply, an Iberian supply chain risk company, and represents another milestone in Achilles’ efforts to expand its global presence and strengthen its portfolio of supply chain solutions.
GRMS’ expertise in automated document management, digital insurance verification, and real-time risk monitoring will be integrated into the Achilles platform, delivering enhanced tools and insights to optimize supplier relationships and mitigate a wide range of risks, including financial stability, ESG factors, health and safety, geopolitical challenges, cyber security, compliance issues, adverse media, and decarbonization efforts. This integration also supports the development of high-performing, resilient supply chains.
“GRMS has built an outstanding reputation for delivering excellence in supplier risk assessment,” stated Paul Stanley, CEO at Achilles. “This acquisition enhances our ability to provide unparalleled value to our customers by combining our global reach with GRMS’ deep understanding of supplier risk management in the US market.”
Achilles has noted the following benefits of the acquisition:
- Expanded Presence in North America: Strengthens its footprint in the North American market, enabling broader reach and improved service delivery for a growing client base.
- Enhanced Service Offerings: Combines GRMS’ simplified supplier onboarding, automated document handling, digital insurance verification, continuous risk monitoring, and seamless ERP integration with its comprehensive supply chain solutions.
- Increased Value for Clients: Integrates a robust database of over 200,000 suppliers and 675 buying organizations globally, creating a powerful resource to drive supply chain efficiency and effectiveness.
“GRMS has been providing supply chain risk services to large US clients for fourteen years,” commented Gerard Smith, Co-founder and President of GRMS. “Joining Achilles represents an incredible opportunity to expand the reach of our innovative supplier risk solutions. Together, we will elevate the standards for supply chain risk management while continuing to deliver the high-quality services our clients have come to rely on.”
