What Ventiv Technology does

Ventiv Technology is a US-based provider of integrated risk management software, founded in 1994 and headquartered in Chicago with 501-1,000 employees. The company builds an enterprise platform that unifies Governance, Risk and Compliance (GRC), Insurable Risk (claims, policy administration, billing, health and safety), and Business Continuity and Resilience under a single interconnected architecture with API and integration capabilities. Core products include the Risk Management Information System (RMIS) as the data consolidation engine, Claims Management, Enterprise Risk Management, AI Governance, ESG, IT Risk, Third-Party Risk, and sub-modules covering operational resilience, crisis management, threat intelligence, and emergency notification. The platform is increasingly layered with an "Intelligent Risk" AI capability and an Agentforce 360-powered AI Agent Library for predictive analytics and autonomous task coordination.

The business model is enterprise SaaS subscription with multi-module deployments, supported by dedicated Customer Success, GoLive! implementation, and Data Transformation services. Go-to-market is enterprise field sales augmented by the PartnerKonnect reseller and consulting channel program, targeting risk, compliance, audit, business continuity, patient safety, and information security functions across 14 industry verticals including healthcare, financial services, defense, telecommunications, transportation, retail, manufacturing, and public sector. Notable customers include IHG, Wendy's, BT Group, US Army PEO MS, Transport for London, Arrow Electronics, and Randstad. The company operates across North America, the United Kingdom, and EMEA with multilingual website support, and is led by CEO Salil Donde. Recent strategic activity includes the 2017 acquisition of Webrisk, the December 2025 launch of Agentforce 360 for Riskonnect AI Agent Library, and a Leader designation in Redhand Advisors' 2026 RMIS Report.

Name

Ventiv Technology

Legal name

Riskonnect Inc.

Website

https://ventivtech.com

Company type

Private

Founded year

2007

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Ventiv Technology is a Chicago-based enterprise software provider founded in 1994 that delivers an integrated risk management platform unifying GRC, insurable risk, and business continuity for large organizations across 14 industries, with AI-augmented capabilities via Salesforce Agentforce 360.

Ownership category

akta.pro rank

Product category

Integrated Risk Management Software

NAICS

Computer Systems Design and Related Services (54151)

SIC

Services-Prepackaged Software (7372), Services-Computer Integrated Systems Design (7373)

akta.pro primary industry

IT Governance, Risk & Compliance (IT GRC) Platforms (HDAEALAK)

akta.pro secondary industry

IT Risk Management (ITRM) (HDADAIAD)

Keywords

• Risk management software
• Integrated risk management
• Claims management software
• Business continuity software
• Governance risk compliance

Headquarters

HQ city

Chicago

HQ country

United States

HQ region

North America

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure

Revenue model

1. Software Subscription: Enterprise software licensing model for integrated risk management platform with modules for GRC, Insurable Risk, and Business Continuity. Subscription-based pricing with implementation and support services.

Go-to-market motion2 records

Distribution channels2 records

Marketing channels6 records

Core offering

Ventiv Technology provides integrated risk management software tools and resources that enable risk managers to assess, mitigate, and analyze organizational risk. The platform unifies Governance, Risk & Compliance, Insurable Risk, and Business Continuity & Resilience within a single interconnected system that consolidates data from multiple sources, automates routine processes, and turns complex information into actionable intelligence.

Product overview

Riskonnect offers an integrated risk management platform with a unified architecture that enables organizations to manage all risk types from a single interconnected system. The platform is organized into three main solution areas: Governance, Risk & Compliance (GRC); Insurable Risk; and Business Continuity & Resilience. Key products include the Risk Management Information System (RMIS) as the core data consolidation engine, Claims Management for insurance claims processing, Enterprise Risk Management (ERM) for holistic risk visibility, and Business Continuity & Resilience for operational preparedness. The platform also includes specialized modules for Compliance, Policy Management, AI Governance, Third-Party Risk Management, IT Risk Management, Internal Audit, ESG, and various sub-modules for Health & Safety, Billing, Policy Administration, and Crisis Management. The portfolio is unified by the Intelligent Risk AI layer and Active Risk Manager (ARM) sub-brand. The platform is built on Riskonnect's proprietary technology with API and integration capabilities for enterprise connectivity.

Differentiator

Problem solved

Functional benefit

Brands

• Active Risk Manager (ARM): Project risk management solution that enables a culture of risk thinking and helps organizations identify opportunities alongside threats.
• Riskonnect ClearSight
• Intelligent Risk
• PartnerKonnect
• Riskonnect University
• Risk@Work
• Risk All-Stars

Products and services

• Risk Management Information System (RMIS) Seamlessly consolidates data from multiple sources, automates routine processes, and uses sophisticated analytics to turn complicated information into actionable intelligence for enterprise risk managers.
• Claims Management Integrates people, systems, and claims data and automates routine processes to focus on resolving complex claims quickly, easily, and fairly for insurance and risk teams.
• Enterprise Risk Management (ERM) Combines insurable and noninsurable risks so organizations can anticipate, assess, mitigate, and monitor every threat from every corner of the organization.
• Business Continuity & Resilience Prepares organizations for threats and minimizes disruption to operations through business continuity management, operational resilience, crisis management, threat intelligence, and emergency notification.
• Active Risk Manager (ARM) Enterprise risk management solution that enables organizations to cultivate a culture of risk thinking and helps them identify opportunities alongside threats.
• Intelligent Risk AI-powered intelligence platform that unites AI across all risk domains, creating an interconnected intelligence layer to anticipate, respond to, and act on risk with summaries and recommended next steps.
• Agentforce 360 for Riskonnect AI Agent Library AI agent library providing digital teammates that automate tasks and coordinate processes across risk management workflows.
• GoLive! Implementation Services Implementation service for enterprise onboarding and deployment of the integrated risk management platform.
• Data Transformation Services Service supporting enterprise customers with data migration and transformation during platform implementation.
• Customer Success Services Dedicated customer success team supporting enterprise customers throughout the platform engagement lifecycle.
• Claims Regulatory Compliance Services Service supporting compliance with claims-related regulatory requirements.
• Business Continuity Consulting & Managed Services Consulting and managed services for business continuity planning, operational resilience, and crisis response.

Quantifiable outcome

• Wendy’s reduced losses by more than 5%
• +2 more outcomes

Named customers8 records

Segments7 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

AI capability4 records

Feature6 records

Partnerships

Two partnerships are on record, tiered core and extended.

• Agentforce 360 (Salesforce)coreTechnology or IntegrationAgentforce 360 powers Riskonnect’s AI Agent Library, providing the foundational AI infrastructure for the Intelligent Risk platform’s predictive analytics, decision guidance, and automated task coordination capabilities.
• PartnerKonnect PartnersextendedChannel Partner/ Reseller/ DistributorPartnerKonnect is Riskonnect’s partner program for resellers, implementation consultants, and channel partners who extend Riskonnect’s market reach and delivery capability to enterprise customers globally.

Scale indicators2 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• ServiceNow: ServiceNow bundles Governance, Risk, and Compliance (GRC) and Integrated Risk Management (IRM) modules into its enterprise workflow platform. Competes head-to-head in enterprise GRC, but Riskonnect goes deeper in insurance claims, RMIS analytics, and insurable risk workflows.
• SAP: SAP GRC and SAP Risk Management address process control, compliance, and enterprise risk on the SAP Business Suite. Overlaps with Riskonnect in ERM, audit, and compliance for SAP-centric enterprises but lacks depth in insurance claims and continuity.
• IBM OpenPages: IBM OpenPages with Watson is a long-standing GRC platform for operational risk, regulatory compliance, and internal audit, sold primarily to large financial institutions and regulated enterprises. Comparable in GRC scope, broader IBM ecosystem but narrower in insurable risk/claims.

Direct peers

• Diligent (Galvanize/ACL): Diligent's Galvanize/ACL GRC platform targets enterprise audit, risk, and compliance teams with strong analytics and board governance. Direct competitor in GRC, internal audit, and enterprise risk management modules.
• Resolver (Kroll): Resolver, part of Kroll, offers enterprise risk management, incident management, and GRC software. Direct overlap in ERM and operational risk; comparable mid-to-large enterprise customer profile.
• LogicGate: LogicGate Risk Cloud is a no-code GRC platform for enterprise risk, third-party risk, and compliance. Direct competitor in enterprise and third-party risk management, more mid-market focused than Riskonnect.
• AuditBoard: AuditBoard is a fast-growing SaaS platform for SOX/audit, risk, and compliance management. Direct overlap in internal audit, risk management, and compliance modules; lighter in claims management and continuity.
• SAI360: SAI360 (formerly SAI Global) provides GRC, EHS, and ethics & compliance software. Direct overlap in risk, compliance, and ethics training; stronger in EHS than Riskonnect.
• ProcessUnity: ProcessUnity is a leading third-party risk management (TPRM) platform with broader GRC workflow capabilities. Direct competitor specifically in the TPRM module where Riskonnect also plays.
• OneTrust: OneTrust provides trust intelligence, GRC, ethics, and ESG software across privacy, risk, and compliance. Direct overlap in compliance, third-party risk, and ESG; less depth in claims/insurable risk.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks4 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/ventiv-tech
• Xx.com/ventivtech

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Ventiv Technology