March 3, 2016 - Acquisition expands opportunities to help organizations optimize their use of technology, increase stakeholder value and improve business performance.
ISACA, the professional association for IT governance, assurance and cybersecurity professionals, today announced that it has acquired CMMI® Institute, the global leader in the advancement of best practices in people, process and technology. By joining forces, the organizations will raise the level of enterprisewide performance for existing and prospective members and customers and reach more diverse markets.
ISACA provides knowledge, standards, networking, credentialing and career development to IT and cybersecurity professionals. Through its comprehensive guidance and services, ISACA defines the roles of information systems governance, security, risk and assurance professionals worldwide.CMMI Institute is the organization behind the Capability Maturity Model Integration (CMMI), the globally adopted capability improvement framework that guides organizations in high-performance operations. CMMI Institute provides the tools and support for organizations to benchmark their capabilities and build maturity by comparing their operations to best practices and identifying performance gaps.
"We are living in a time of dynamic change in our industry, and technology has more power than ever before to transform an organization. For nearly 50 years, ISACA has been committed to equipping the professions we serve with the resources they need to positively impact their enterprises," said ISACA CEO Matt Loeb, CGEIT, CAE. "Our acquisition of CMMI Institute will help us to broaden our focus on helping professionals and their organizations optimize their use of technology, increase value for stakeholders and improve business performance."
ISACA and CMMI Institute share a vision for advancing organizational performance that centers on driving excellence in the IT, information systems governance, data management governance, software, and systems engineering functions in organizations across a spectrum of industries.
"CMMI Institute is a natural fit for ISACA and we are very excited to unite with them to create new offerings for ISACA's member community," said Kirk Botula, CEO of CMMI Institute. "Together, we'll offer a stronger portfolio of business solutions and professional development to both of our global customer bases and accelerate the pace of capability improvement and high maturity operations in their organizations."
The number of organizations earning a CMMI maturity level rating in 2015 increased 28 percent in the US and 17 percent globally. Fueled by the demand among global business leaders to improve organizational capabilities and drive business results, CMMI Institute continues to grow year over year in the number of CMMI maturity level ratings earned by organizations. In 2015, more than 1,900 high-performing organizations earned a CMMI maturity level rating.
ISACA serves more than 140,000 members and certification holders working in the information systems governance, security, audit and assurance functions across all industries. This acquisition will expand ISACA's reach to the thousands of organizations to which CMMI Institute has awarded a maturity level rating to improve their organizational capabilities and achieve higher maturity in their operations through their software, systems engineering and process improvement functions.
"Information technology is the backbone of the world economy and an enabler of business innovation. ISACA helps professionals and their organizations in gaining value through the right technology models and by removing impeding factors like cyberthreats," said Christos Dimitriadis, Ph.D. CISA, CISM, CRISC, international president of ISACA. "Our acquisition of CMMI positions us well to accelerate our mission toward a more holistic approach, focusing even further on products and services engineering and operations."
ISACA and CMMI Institute will continue to operate separately, with CMMI Institute operating as a subsidiary of ISACA.
