Protecht Group, an Australian governance, risk and compliance solutions provider, has acquired VISO TRUST, a US-based AI-powered third-party risk management platform. Financial terms were not disclosed. The acquisition addresses growing enterprise challenges in managing third-party networks. Whilst 83% of organisations plan to expand these networks over the next three years, only 18% have fully integrated vendor risk management into their enterprise frameworks. VISO TRUST's AI capabilities will be integrated with Protecht's platform to provide automated vendor risk assessments, continuous monitoring across vendor networks, and enhanced analytics. Both VISO TRUST co-founders, Paul Valente and Russ Sherman, will remain in their current roles. The deal follows Protecht's $280 million investment from PSG Equity last year, supporting its global expansion in a market projected to reach $41.7 billion by 2034.

VISO TRUST secures another $7M in funding.