Diligent Acquires Vault in AI-Driven Ethics Expansion

Diligent, a leading AI-powered governance, risk, and compliance (GRC) SaaS provider, has acquired Vault, a cutting-edge AI-driven ethics and compliance platform. The acquisition aims to strengthen Diligent's ability to provide global enterprises with enhanced tools to foster speak-up cultures, mitigate misconduct risks, and ensure compliance with evolving regulations such as the EU Whistleblowing Directive. Integrating Vault's technology, which features multilingual reporting channels and AI-powered hotlines, into Diligent's GRC platform will result in more efficient and proactive compliance capabilities, building greater trust among employees and stakeholders. The acquisition also reflects Diligent's strategy to revolutionize ethics and compliance technology by providing organizations with secure, user-friendly reporting channels and comprehensive insights into misconduct trends. Amanda Carty, General Manager of Compliance at Diligent, emphasized the company's dedication to leveraging AI to enhance transparency and ethical practices within global organizations. Vault, founded by Neta Meidav, has been recognized for its innovative approach to corporate integrity. The acquisition allows Vault to reach a broader audience and advance its mission of transforming ethics in organizations. This move comes after Diligent acquired Spark Compliance earlier this year, showcasing its commitment to equipping GRC professionals with top-tier solutions for clarifying risks and improving governance. District Capital Partners acted as the financial advisor, with Willkie Farr & Gallagher LLP and Raz. Dlugin & Co. serving as legal advisors. This strategic acquisition is part of Diligent's ongoing efforts to provide unmatched ethics and compliance solutions in the market.