Simplex Services has announced the acquisition of Viral Apps, the creative force behind the highly acclaimed Risk Assurance Platform (RAP) in an all-cash deal.
Viral Apps is a UK-based software development company focused on creating intuitive and powerful cloud-based solutions for businesses. Its flagship product, the Risk Assurance Platform (RAP), provides a comprehensive and configurable system for managing enterprise and project risks and issues, fostering a proactive risk management culture within organisations.
This strategic acquisition fortifies Simplex Services’ commitment to delivering sophisticated, technology-driven solutions while expanding its market reach and technical expertise. It will strengthen our portfolio by integrating RAP’s advanced capabilities in risk tracking, control monitoring, and audit management into its suite of digital and business transformation services.
Viral Apps has earned acclaim for its flagship RAP product, a configurable, cloud-based solution designed to help organisations of all sizes identify, assess, manage, and monitor risks and issues across their operations. Its user-friendly interface, robust features, and alignment with ISO 31000 risk management principles have made it a preferred choice for public and private sector organisations across the UK.
This acquisition significantly enhances Simplex Services’ governance, risk, and compliance capabilities, offering clients a more comprehensive suite of tools to navigate complex regulatory landscapes and manage business risk effectively while furthering its mission of facilitating digital transformation for businesses worldwide.
“We are thrilled to welcome Viral Apps and the Risk Assurance Platform into the Simplex Services family,” said Mohit Bajaj, CEO and Founder of Simplex Services. “The RAP product is a game-changer in how organisations approach risk management, offering unparalleled visibility and control. This acquisition aligns perfectly with our mission to provide clients with innovative and effective solutions that drive efficiency and ensure resilience in today’s ever-evolving business environment.”
“The addition of RAP to our solutions portfolio allows us to offer our clients a more integrated and proactive approach to compliance and risk assurance,” said Deb Das, Managing Director of Simplex Services. “Viral Apps has built a proven, flexible platform that aligns with our vision of intelligent, cloud-first business operations.”
The acquisition will deliver significant benefits to customers of both Simplex Services and Viral Apps. Simplex Services’ broad client base will now have access to a leading risk assurance tool, while existing RAP users will benefit from Simplex Services’ extensive resources, technological expertise, and wider market reach.
Paul Davies, Director, Viral Apps commented, “Viral Apps have always been passionate about providing a best-in-class risk assurance platform, and Simplex Services shares our commitment to innovation and customer success. Bringing these two forces together opens unprecedented opportunities for advancing the technology, broadening the market impact, and continually exceeding client expectations.”
Simplex Services will continue to operate Risk Assurance Platform under its current brand while integrating it into its existing service offerings, further developing its functionalities, and exploring synergies with its current technology solutions.
