Business Propulsion Systems and Resolver announced that they have merged to form BPS Resolver, effective as of Jan. 1. The merged company will be based in Toronto, Canada.

This merger brings together two governance, risk, and compliance software product offerings. The new company’s combined offering will provide a complete product suite of planning, execution, and refinement solutions for GRC and sustainability best practices. Together, they will focus on rapid delivery of software-as-a-service compliance solutions, as well as large-scale more customized enterprise licensed solutions, to utilities, financial institutions, and healthcare markets worldwide. The merged company’s increased scale and combined expertise aims to enhance, accelerate, and strengthen its responsiveness to client software requirements and service needs.