PolicyWorks Changes Brand Name to ViClarity
Name change comes after the Des Moines, Iowa firm buys a GRC technology provider in Kerry, Ireland.
After becoming a global organization, regulatory compliance consulting firm PolicyWorks LLC officially changed its name last week to ViClarity.
In early 2020, the Des Moines, Iowa-based PolicyWorks purchased ViClarity, based in Kerry, Ireland, an international technology provider of governance, risk and compliance management software solutions for highly regulated industries of financial services, insurance and health care.
The name change was the last step in the process of the two entities coming together under a single brand, which provides services to nearly 1,000 clients.
What’s more, ViClarity Global CEO Miriam De Dios Woodward said the new brand name is better aligned with the firm’s expanded subject matter expertise in governance, risk and compliance as well as its focus on technology solutions for GRC professionals.
Credit union partners of the former PolicyWorks will not experience any disruption to their contacts, products or solutions, as service to the credit union industry will remain a core focus of the firm. ViClarity will continue to offer federal compliance support, audit services, GRC management solutions, thought leadership and training under the new brand name.
The firm’s relationships with credit union leagues to provide compliance consulting support and access to PolicyAid will remain in place, according to ViClarity’s prepared statement.
“Organizations across industries, including the credit union movement, have begun to realize the benefit of bringing the traditionally disparate functions of governance, risk and compliance together,” De Dios Woodward said. “GRC as a cohesive force has also created a need for cross-functional technology to drive greater transparency, efficiency and access to real-time data. This is precisely what we deliver through the ViClarity GRC platform and our GRC consultation services for credit unions.”
The ViClarity GRC platform was developed in 2008 and is led by ViClarity Global CIO John Ogie Sheehy, who is managing the firm’s European business from Kerry.
ViClarity’s products and services will be available to an expanded set of highly regulated market sectors, including health care and insurance.
“As we offer access to other industries, the depth of our team’s knowledge and expertise will benefit credit unions to an even larger degree through greater context of GRC best practices and strategies,” De Dios Woodward said.