January 14, 2015
EORM today announced that it has been acquired by BSI, a UK-based global business standards company founded in 1901 with over 72,000 clients in 150 countries. The deal will see EORM become an operating subsidiary of BSI's Professional Services business in the US, significantly boosting EORM's ability to offer a wider range of environmental, health, safety (EHS) and sustainability services to clients. From today, EORM will operate under the name, EORM – A BSI Professional Services Company.
The acquisition of EORM supports BSI's international growth strategy and follows the purchase of NCS International in Australia in May 2013. The investment increases BSI's US workforce from 290 to 450, will add over $30 million in revenue and strengthens its geographical presence in the western United States with 6 offices in California, Oregon and Texas. EORM's technical expertise and sector specialization includes technology, construction, healthcare and energy. Clients will now benefit not only from access to world-leading EHS consultancy services, but also to BSI's proven standards, training and compliance solutions.
Howard Kerr, Chief Executive at BSI said: "Both EORM and BSI have complementary values, expertise and services that help unlock excellence for our clients. Uniting EORM's world class team and technical expertise with the internationally recognized BSI brand and global network accelerates us towards this goal."
BSI has operated in the Americas for nearly 25 years serving over 16,000 clients. The US market has a strong demand for compliance services, and the acquisition of EORM will support BSI's expansion of its professional services activities in parallel with the existing knowledge and assurance business. The addition of EORM provides an immediate opportunity for BSI to offer EHS consultancy in the Americas and for EORM to expand its offering both in the US and worldwide with a particular focus on organizations with globalized supply chains.
Todd VanderVen, BSI Americas President comments: "As a pioneer of best practice standards in environmental, risk, and health and safety, today's announcement of this partnership greatly enhances our expertise in these important areas. Our complementary portfolio of advisory services, knowledge and compliance tools enables us to provide a unique set of EHS services for the American market."
"EORM has a proven track record in delivering EHS consultancy services to over 450 internationally recognized clients and I'm delighted that the senior EORM leadership team will be joining BSI."
Glenn Fishler, CEO and Founder of EORM adds: "By joining and working together, EORM and BSI have greatly multiplied our capabilities, expertise, service offerings and geographic reach to create a powerful, new, business-changing global consultancy, uniquely qualified to help improve performance, reduce risk and achieve sustainable growth for our clients. Our shared passion for delivering the right solutions – that have a positive impact and embed excellence – makes this a strong strategic and cultural fit for both our clients and our employees."
Kerr concludes on BSI's acquisition strategy: "Over the past decade BSI has continued to grow our client base organically, increase our global footprint and expand our portfolio offering. The US is our second largest market and this acquisition reinforces the importance of this geographical region to our overall strategy. We have even greater ambitions for future growth, which will include quality acquisitions like EORM."
Terms of the acquisition were not disclosed.
BSI (British Standards Institution) is the business standards company that equips businesses with the necessary solutions to turn standards of best practice into habits of excellence. Formed in 1901, BSI was the world's first National Standards Body and a founding member of the International Organization for Standardization (ISO). Over a century later it continues to facilitate business improvement across the globe by helping its clients drive performance, manage risk and grow sustainably through the adoption of international management systems standards, many of which BSI originated. Renowned for its marks of excellence including the consumer recognized BSI Kitemark™, BSI's influence spans multiple sectors including Aerospace, Automotive, Built Environment, Food, Healthcare and ICT. With over 72,000 clients in 150 countries, BSI is an organization whose standards inspire excellence across the globe. To learn more, please visit www.bsigroup.com
About BSI Professional Services:
BSI Professional Services is the leading global provider of governance, risk and compliance (GRC) software and advisory services helping organizations manage organizational risk, performance and sustainability activities, so that they can continually improve and mitigate business risk. BSI's GRC software, Entropy, is designed to address organizational risk, compliance and performance management in areas of environmental, health & safety and quality and is in use at over 50,000 sites globally. BSI further augments its Professional Services portfolio with a supply chain risk management suite, which is designed to predict and visualize risk and compliance management programs to protect the supply chain. Our leading intelligence-infused software and global network empower our clients to understand global supply chain risk with unequalled precision. For more information, please visit www.bsi-entropy.com and here.
EORM (Environmental and Occupational Risk Management, Inc.) provides a comprehensive range of strategic, management and technical consulting solutions – assessment, compliance, risk management, reporting, training, communication and more – partnering with clients to achieve their Environmental, Health, Safety and Sustainability short-term needs and long-term goals. Headquartered in California's Silicon Valley, EORM services clients' national and international needs from strategically-located US offices and across the Americas, EMEA and Asia Pacific regions. For 25 years the company has been serving organizations in every industry – technology, manufacturing, healthcare & life sciences, business services, utilities, food & beverage, and all sectors of government. For more information visit www.eorm.com.
BSI Professional Services America Inc