Latest acquisition enhances Achilles’ supply chain sustainability capabilities, strengthens its US and Canadian presence, and will further accelerate innovation in the sector.
ABINGDON, UK and IRVINE, USA, 7 January 2025 – Achilles Information Ltd (“Achilles”), a global leader in supply chain risk and performance management, announced today that it has acquired the assets of Global Risk Management Solutions (GRMS), a premier provider of supplier risk management programs based in Irvine, California. This latest transaction builds on the success of Achilles’ recent acquisition of Iberian supply chain risk company, GoSupply, and marks another step in Achilles’ ongoing strategy to expand its global footprint and enhance its portfolio of supply chain solutions.
The acquisition of GRMS strengthens Achilles’ position as a global leader in supply chain risk management, enabling it to deliver even greater value to organizations seeking to address the complexities of supply chain risk management, compliance and performance. With the addition of GRMS’ expertise in automated document management, digital insurance verification and real-time risk monitoring, the Achilles platform will now offer unparalleled insights and tools to enhance supplier relationships, mitigate a broad spectrum of risks including financial stability, ESG, health and safety, geopolitical risk, cyber security, compliance, adverse media, and decarbonization and build high-performing supply chains.
Key benefits of the acquisition include:
- Increasing Achilles’ presence in the North American market, allowing for greater reach and improved service delivery to a growing customer base.
- Enhancing Achilles service offerings through the integration of GRMS’ simplified supplier onboarding, automated document management, digital insurance verification, continuous supply chain monitoring and seamless ERP integrations with Achilles’ comprehensive suite of supply chain solutions.
- Creating enhanced value for clients with a combined database of over 200,000 suppliers and 675 buying organisations worldwide.
“GRMS has built an outstanding reputation for delivering excellence in supplier risk assessment,” said 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.”
Image: Gerard Smith (left) and Joe Fabiani (right) cofounders of GRMS.
“GRMS has been providing supply chain risk services to large US clients for fourteen years,” said 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.”
Joe Fabiani, Co-founder and COO of GRMS, commented on the acquisition, saying, “This partnership with Achilles marks an exciting new chapter for GRMS and our customers. By joining forces, we’re able to offer GRMS customers access to a broader suite of tools and resources that enhance supplier management and drive sustainable supply chain practices. Together with Achilles, we’re committed to delivering even greater value, innovation, and support to help our customers navigate the complexities of today’s global supply chains.”
Matt Legg, Partner at Bridgepoint, majority shareholder in Achilles, said: “We are delighted to back Achilles to make its second strategic acquisition driving further growth in this exciting sector. Building on Achilles’ strong organic growth, the addition of GRMS enhances its capabilities and solidifies its position as a leader in delivering comprehensive solutions to meet the sector’s evolving demands.”
The transition will ensure uninterrupted service for GRMS’ existing clients while opening new opportunities for advanced, integrated risk management solutions.
ENDS
About Achilles:
Achilles is a global leader in supply chain risk and performance management, connecting suppliers and buyers across industries to drive business performance and ensure compliance with international standards. Active in over 100 countries, Achilles helps businesses reduce risk, improve sustainability, and increase efficiency in their supply chains.
About GRMS:
GRMS is a recognized leader in providing customizable supplier risk management programs in over 120 countries worldwide. Leveraging an advanced technology platform, GRMS offers companies the ability to proactively manage and continuously monitor their suppliers for key areas of risk. GRMS’ services include the adjudication of data, collection, physical review and verification of documents. GRMS also includes a support system that assists suppliers to obtain compliance with a client’s unique requirements. Since 2010, GRMS has served a global clientele of companies and organizations ranging from mid-sized businesses to Fortune 50 companies.
About Bridgepoint:
Bridgepoint is one of the world’s leading quoted private asset growth investors, specialising in private equity, infrastructure and private credit.
With over €67bn of assets under management and a strong local presence in Europe, North America and Asia, Bridgepoint combines global scale with local market insight and sector expertise, consistently delivering strong returns through cycles.
Media Contact:
Hayley van Leeuwen , Chief Marketing Officer
Achilles Information Ltd
Email: hayley.vanleeuwen@achilles.com
