S&P Global enhances KY3P® risk management capabilities with acquisition of TruSight Solutions LLC
TruSight will be combined with KY3P® by S&P Global to accelerate the development of common industry standards and create a leading third-party risk management solution
S&P Global (NYSE: SPGI) has announced the acquisition of TruSight Solutions LLC (TruSight), a provider of third-party vendor risk assessments. The acquisition will combine with KY3P® by S&P Global and integrate into the Market Intelligence division. It will further expand the breadth and depth of S&P Global’s third party vendor risk management solutions by offering high-quality validated assessment data to clients designed to reduce further the vendor due diligence burden on service providers to the financial services industry.
John Barneson, Head of Network & Regulatory Solutions at S&P Global Market Intelligence, said: “Providing innovative, connected solutions for risk management is a key area of strategic focus for our business. The combination of TruSight with our KY3P® business will accelerate the development of common industry standards for third-party risk management and will enable our clients to mutualize costs, streamline workflows and eliminate inefficiencies. We look forward to welcoming our new colleagues from TruSight and together enhancing our value to clients.”
TruSight was founded by a group of leading financial institutions including Bank of America, Bank of New York Mellon, JP Morgan and Wells Fargo. It has an extensive inventory of risk assessments created by detailed reviews of third-party suppliers to its customers.
The transaction closed effective January 1, 2023. Terms were not disclosed.
Broadhaven Capital served as exclusive sell side financial advisor to TruSight, and Morgan Lewis 
served as the company’s legal advisor. Gibson Dunn served as S&P Global’s legal advisor.
Source: PRNewswire
