EthicsPoint acquires software tools from Swan Island Networks
Monday, May 24, 2010
By Mike Rogoway, The Oregonian
The pace of deals in the tech space is picking up as companies seek to position themselves for a more robust economy. The latest acquisition is by Lake Oswego's EthicsPoint, which is buying technology from Portland-based Swan Island Networks.
Terms of the deal weren't disclosed. Last month, EthicsPoint bought the technology assets of a Canadian company called ember ec³.
The new tools - Swan's "Trusted Information Exchange Service" -- will enable EthicsPoint to visually map issues that could put a client's business at risk.
"This is a fairly substantial shift in our market," said Tom O'Keefe, EthicsPoint's chief operating officer. "It's just a more compelling argument for our customer to invest further in our products."
EthicsPoint's software tracks an organization's operations so managers can be alert for regulatory, legal or business risks. For example, it could help spot a pattern of misconduct reports against certain executives or persistent news of trouble from a distant sales office.
The new visual tools acquired from Swan Island can collect information from multiple sources, inside or outside a company, and feed those onto a map to help managers understand the data.
Swan Island Networks, which helps companies manage information on their computer networks, will continue to own the TIES system it developed. EthicsPoint has licensed the software for corporate governance, regulatory compliance and risk management.
Privately held EthicsPoint has about 130 employees and reported 2009 revenue of $17 million.
Oregon is a hub for companies specializing in technology to manage risk and regulatory compliance. Others in the market include Tripwire, Prolifiq Software and SignaCert, which announced this week that it has sold its business to Florida-based Harris Corp.
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