NEWPORT NEWS, Va., Sept. 26, 2017 (GLOBE NEWSWIRE) — Huntington Ingalls Industries (NYSE:HII) announced today that it has entered into a multi-year agreement with Ivis Technologies that allows Ivis to market and sell an innovative compliance management software developed with HII’s compliance expertise and Ivis’s software expertise.
“Our efforts with Ivis created a unique management software that we believe improves our employees’ ability to execute their work in an ethical and compliant way and reduces the likelihood of a compliance failure,” said Kellye Walker, HII’s executive vice president and general counsel. “This product solves two traditional challenges for companies managing compliance risk. It focuses that discussion around examining human behaviors, and it creates user-friendly utilities to track tasks or requirements a company must do to be in compliance.”
HII and Ivis worked together to develop a lean governance, risk and compliance (GRC) system that simplifies the complexities of compliance management because many of the solutions available seemed too complex, too costly or did not focus on the human behavior side of preventing misconduct. The Ivis GRC system applies human behavioral analysis to assess risk from three perspectives: rationalization (ethics), opportunity (compliance) and pressure (leadership).
“We have been working with HII for over two years on producing a solution for managing their compliance program across the enterprise,” said Ivis CEO Chris Lank. “We are pleased this collaboration has produced such a unique and powerful tool that has been proven effective at HII and is now available to any companies in any industry.”
Ivis Technologies will deliver the tool as a subscription-based “software as a service” solution. For more information, visit: www.ivis.com.
About Huntington Ingalls Industries
Huntington Ingalls Industries is America’s largest military shipbuilding company and a provider of professional services to partners in government and industry. For more than a century, HII’s Newport News and Ingalls shipbuilding divisions in Virginia and Mississippi have built more ships in more ship classes than any other U.S. naval shipbuilder. HII’s Technical Solutions division provides a wide range of professional services through its Fleet Support, Integrated Mission Solutions, Nuclear & Environmental, and Oil & Gas groups. Headquartered in Newport News, Virginia, HII employs nearly 37,000 people operating both domestically and internationally. For more information, visit: