Multimillion-pound investment sees UK’s first compliance ecosystem launch
- £5million investment in UK-first compliance ecosystem, Vantify
- The first major product launch from GRC group, following the £430m carve-out, backed by Inflexion, last year
- Vantify calls for improved health and safety management after workplace deaths rose between 2021/22 to 2023/24
Vantify, the first UK-based full-service compliance software ecosystem has launched today as part of a multimillion-pound investment in its technology.
Developed by a team of health and safety experts, Vantify has committed to investing more than £5million in the development of its digital ecosystem aimed at making risk and compliance management more efficient for users. It launches against a backdrop of rising deaths at work, with the most recent Health and Safety Executive figures showing a 12% rise in 2023/24, with 138 workers killed in work-related accidents. Some sectors such as hospitality have also seen a rise in injuries at work.
The move comes less than a year after Vantify Risk Manager (previously known as Meridian) reported that health and safety workloads have never been more demanding, and facilities managers are facing excessive pressures, following a study of 20,000 risk assessments. Vantify’s ecosystem is designed to support businesses with their statutory obligations to manage health and safety risk and compliance, supply chain risk, and certification.
Vantify brings together industry-leading brands William Martin, Elogs, and Prosure360, to offer seven distinct services in risk and compliance management including: safety consultancy, risk management software, supply chain management, computer aided facilities management, vetted contractor networks, e-learning tools, and guidance on new legislation and industry standards.
Vantify is launching its compliance software ecosystem which is supported by an in-house UK-based health and safety advice team available 24/7, as part of plans to improve health and safety management for its users.
Described by a key client user as the “holy grail” to mitigate risk and improve standards across facilities and supply chain management, Vantify is being hailed as “huge” for the industry. Continuous improvements in the technology behind Vantify are designed to conserve time, maximise performance, maintain compliance and keep businesses running at peak efficiency.
Beatriz Shorrock, Chief Executive Officer of Vantify, said: “The risk and compliance sector may not seem like the obvious place to be disruptive, but we think our industry needs a shake-up. We are taking the lead to build a platform that provides complete oversight of facilities, risk management and supply chain systems so that people are safer, facilities are better, and organisations can operate more efficiently.
“We are proud to launch this game-changing, technology-enabled solution, at a time when we know businesses are under pressure, facing rising costs and looking to be as efficient as possible across the board. Poor risk and compliance management doesn’t just cost businesses time and money, it can result in serious accidents or even death and businesses need the proper tools to do all they can to prevent a tragedy.”
Phil Jones, Chief Operations Officer of Vantify, said: “It’s shocking that we are still seeing a rise in accidents at work in some industries, but that makes it clear there is a need for better and more integrated systems to manage health and safety, and we truly believe technology is a major factor in making that happen.
“Vantify is the answer to what our clients are telling us they need – an integrated compliance system that they can see for themselves leads to improvements.
“Rather than simply improving existing software, we are taking the big picture view to build an ever-evolving ecosystem of services that can support businesses to operate at the highest standards possible and be fully compliant with their statutory obligations.”
Alex Dacre, Chief Executive of The GRC Group said: “We are excited to support the launch of Vantify, a first of its kind offering in the UK governance, risk, and compliance market. This strategic merger of well-known and respected brands within the GRC group demonstrates how we are consistently evolving to deliver tech-led compliance to businesses and organisations of all sizes across the UK.”
Vantify is the first major launch from GRC group, following the £430m carve-out and sale of Marlowe plc’s governance, risk and compliance business to private equity house, Inflexion.
