Riskconnect Bought Sword GRC, Rialtic Got $25M, and More ATL Tech News

Catch up on the latest developments from the Atlanta tech sector.

Written by Ashley Bowden
Published on Mar. 07, 2022
Riskconnect Bought Sword GRC, Rialtic Got $25M, and More ATL Tech News
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Atlanta houses no shortage of companies working to streamline today’s world with digital solutions. With new acquisitions, funding and other growth moves, learn what’s next for these Peach State companies. This is the Built In Atlanta weekly refresh. 

Xebia to make 200 Atlanta hires. With plans to expand its U.S. headcount to 1,000 by 2024, the Utrecht-based IT consultancy is focusing some of its hiring efforts on its Atlanta presence. Xebia is looking for new headquarters space in Midtown and Buckhead to accommodate an additional 200 employees in Atlanta, a move that will nearly triple its current local workforce. As it continues to grow, Xebia plans to fuel growth through acquiring data companies. [Atlanta Business Chronicle] 

Rialtic raised $28M. On a mission to help health insurers and healthcare providers streamline their payment functions, Atlanta-based Rialtic secured Series A funding to put toward its enterprise software solution. Led by F-Prime Capital, the capital brings Rialtic’s total funding to $45 million, and it will enable the company to develop new products and double the size of its team. [Built In Atlanta]

Atlanta Tech Quote of the Week

“Enterprise risk is severe and pervasive. Threats lurk everywhere and constantly evolve. At any given time, a typical enterprise faces third-party, financial, cyber, ESG, compliance and IT risks at the same time.” — Jim Wetekamp, CEO of Riskonnect

Riskonnect acquired Sword GRC. Helping small businesses stay ahead of potential threats, Kennesaw-based Riskonnect is building out its risk management platform with new capabilities from Sword GRC. The deal will incorporate additional project risk capabilities into Riskonnect’s integrated risk management product. It’s also expanding its service into new verticals and hiring new talent to its Atlanta-based team. [Built In Atlanta] 

Tricentis acquired Tx3. Headquartered in Austria with a U.S. office in Atlanta, Tricentis offers enterprise software testing solutions, and it’s expanding its platform into the life sciences industry with the acquisition of Tx3. The deal will help life science companies undergoing digital transformations validate their systems to deliver their products faster while meeting regulatory requirements. [Tricentis]

Verusen expanded its leadership team. The Atlanta company uses AI and data to help businesses manage industrial materials across their supply chains. After raising its Series B round in January, the company is continuing its growth with a new executive appointment. John Head, formerly of Honeywell Connected Buildings, will take on the role of Verusen’s SVP of sales and customer success where he’ll be responsible for leading direct sales, customer success and global channel partnerships. [Globe Newswire]  

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