Rarely does vendor consolidation reflect such fragmentation of a market.
Picking up on the recent acquisition trend of independent market leaders, IBM today announced plans to acquire long-time GRC heavyweight OpenPages to strengthen its business analytics offerings, including Cognos and SPSS. It's a good fit for both companies and certainly won't surprise anyone who has been following the space... the OpenPages platform leans on Cognos for its reporting capabilities, so they already have a head start on product integration. The two have also proven successful in the past by combining forces on large risk management implementations, so there are already established use cases to reference.
This deal is most interesting, however, when you consider the other acquisitions of top GRC vendors. Less than two years ago, Paisley was acquired by Thomson Reuters to strengthen its tax and accounting business and content delivery, while EMC acquired Archer Technologies earlier this year as a dashboard (at least initially) to pull together IT risk data and processes as part of its RSA security offerings. While OpenPages has historically competed with Paisley in financial controls management and has recently been moving more into Archer's core IT risk and compliance domain, this acquisition will likely turn the company more toward higher-level corporate performance and enterprise risk management. The GRC vendors will still compete regularly, but their unique selling propositions are starting to look more and more unique all the time.