Whistleblowing Software is used for reporting malfeasance, misconduct, or unethical behavior to the appropriate authority within an organization. It provides streamlined and unified workflows for the entire organization. In addition, whistleblowing software provides executives and directors with reporting and insights that can aid them in making informed decisions and mitigating legal, reputational, and operational risks. The expansion of small and medium-sized businesses in developing nations like China and India is largely responsible for the region's expansion. Due to the increasing acceptance of cloud-based technologies by businesses, the cloud-based sub-segment of the deployment type segment is anticipated to see the greatest CAGR during the projected period.
The global market for Whistleblowing Software is anticipated to grow at a CAGR of 8.90% from 2021 to 2028.
Prominent Companies in the Whistleblowing Software Industry:
1. Canary Whistleblowing System
Canary Whistleblowing System is a cloud-based whistleblowing management software provider was founded in 2017 and headquartered in Jakarta, Indonesia. It operates in South-east Asia: Indonesia, Malaysia & Thailand.
2. Convercent
Convercent is an ethics and compliance software provider that helps companies design and implements compliance programs. It was founded in 2013 and headquartered in Colorado, United States. It operates in more than 130 countries. In Sept 2021, Convercent by OneTrust has announced that it has improved its global Call Center operations to make it easier for workers to use their company's helpline to report misconduct. Global call center operations help companies improve the ethics reporting process and make sure that the information they report is correct.
3. EQS Group AG
EQS Group AG is the world's top cloud provider for business compliance, investor relations, and environmental, social, and governance (ESG). It was founded in 2000 and headquartered in Munich, Germany. It operates in nine countries. In May 2023, EQS Group AG announced a successful start to 2023. The German Whistleblower Protection Act will soon go into effect. EQS Group AG has spent over two years preparing assiduously for this development in order to accomplish extensive market penetration. The law may now be implemented in Germany as early as mid-June 2023.
4. Ethicontrol
Ethicontrol is an international IT company specialized in compliance, security and integrity management. It was founded in 2014 and headquartered in Harjumaa, Estonia. It operates globally from EU to South America.
5. Expolink Europe Ltd
Expolink Europe Ltd was a British company to provide independent whistleblower services. It was founded in 1995 and headquartered in Wiltshire, United Kingdom. Expolink announced on its website on 3 June 2019 that it had been acquired by NAVEX Global. The company was merged into NAVEX Global and ceased operations on December 31, 2021. It worked with more than 750 organizations globally.
6. GlobaLeaks
GlobaLeaks is an open-source, free software intended to enable secure and anonymous whistleblowing initiatives. It was founded in 2016 and headquartered in Lombardy, Italy. It operates in .
7. Got Ethics A/S
Got Ethics A/S has used cutting-edge technology to provide state-of-art whistleblowing solutions to hundreds of satisfied clients. It was founded in 2010 and headquartered in Copenhagen, Denmark. It operates in 4 European locations. In November 2020, EQS Group AG acquires all of the shares of Got Ethics A/S. The agreement to acquire the SaaS provider for whistleblowing was inked. The agreement positions EQS Group AG to become the dominant cloud provider for whistleblowing systems in Europe.
8. NAVEX Global, Inc
NAVEX Global, Inc was founded in 2012 and headquartered in Oregon, United States. It operates in more than 100 countries. NAVEX Global released three new software solutions in June 2020 to aid compliance teams in their response to the global pandemic: Lockpath Third Party Risk Management, Lockpath Business Continuity Management, and Lockpath Privacy, Risk, and Compliance Management. These instruments enable organizations to promptly implement risk management programs for COVID-19-related issues and future concerns. In addition, NAVEX has established a COVID-19 resource center where risk and compliance professionals can access valuable materials such as microlearning courses, webinars, and employee communications templates.
9. OneTrust, LLC
OneTrust, LLC was founded in 2016 and headquartered in Atlanta, Georgia.
It has operations in London, Georgia, Bengaluru, Melbourne, San Francisco,
New York, Munich, Hong Kong, and Bangkok.
10. Safecall Ltd
Safecall Ltd is a UK based leading global provider of ethics hotline and
online reporting systems. It was founded in 1999 and headquartered in. It
operates in over 150 countries. In Feb 2023, Safecall Ltd gave an update for
their new New Whistleblowing Portal of 2023. In 2022, they launched their
new and improved portal and also the deadline to switch over is also
nearing.
*Definition: Whistleblowing is a powerful tool to raise awareness of potential issues within IC programs and activities. The tool is designed for reporting wrongdoing and not personal grievances, policy disputes or management disagreements.
