SAI360, formerly known as SAI Global, is a multinational business services company that is based in

Chicago Chicago is the List of municipalities in Illinois, most populous city in the U.S. state of Illinois and in the Midwestern United States. With a population of 2,746,388, as of the 2020 United States census, 2020 census, it is the List of Unite ...

, Illinois,

United States The United States of America (USA), also known as the United States (U.S.) or America, is a country primarily located in North America. It is a federal republic of 50 U.S. state, states and a federal capital district, Washington, D.C. The 48 ...

. It offers

risk management Risk management is the identification, evaluation, and prioritization of risks, followed by the minimization, monitoring, and control of the impact or probability of those risks occurring. Risks can come from various sources (i.e, Threat (sec ...

services, quality assurance audit and certification, auditor training, standards information services, and property services.

History

In 2003, the organization SAI Global was formed when

Standards Australia Standards Australia is a standards organisation established in 1922 and is recognised through a Memorandum of Understanding (MoU) with the Australian government as the primary non-government standards development body in Australia. It is a co ...

sold off its commercial business. On December 17 of that same year, SAI Global was floated on the

Australian Stock Exchange Australian Securities Exchange Ltd (ASX) is an Australian public company that operates Australia's primary securities exchange, the Australian Securities Exchange (sometimes referred to outside of Australia as, or confused within Australia as, ...

with the initial shareholding of 40 percent retained by parent organization Standards Australia that was then progressively sold down to zero. In 2016,

private equity Private equity (PE) is stock in a private company that does not offer stock to the general public; instead it is offered to specialized investment funds and limited partnerships that take an active role in the management and structuring of the co ...

firm

Baring Private Equity Asia Baring Private Equity Asia (BPEA) was an Asian investment firm headquartered in Hong Kong. It was founded in 1997 as an affiliate of Barings Bank before becoming an independent firm in 2000. In 2022, it was acquired by EQT AB to act as its Asia ...

acquired SAI Global Group. In May of 2021, SAI360 sold its Global Standards and Assurance practice to Intertek Group for A$855 million.

References

{{Authority control Business services companies of the United States Business services companies established in 2003 2003 establishments in Australia 2016 mergers and acquisitions Companies based in Chicago