ACA Compliance acquires Cordium

ACA Compliance acquires Cordium
30.04.2018 06:35 am

ACA Compliance acquires Cordium

M&A Deals

ACA Compliance Group (“ACA”) announced that it will acquire Cordium, a provider of governance, risk and compliance (GRC) services. The transaction is expected to close this summer, subject to regulatory approvals. The financial terms of the transaction will not be disclosed.

The complementary strengths of both firms will ensure that clients will have access to the highest caliber regulatory consultancy services and technology - and will serve as the springboard for further product innovation and global expansion. The acquisition also will expand ACA’s services in Europe to include Cordium’s regulatory hosting platform, Mirabella, and a post-Brexit EU office.

Robert L. Stype, CEO of ACA Compliance Group, said: “Cordium’s expertise, technology strengths and shared culture will greatly expand how we service and deliver our solutions to clients. By blending the delivery of innovative technology, depth of knowledge, and exceptional client service, we can help our clients further enhance their approach to GRC. As two leaders in the space, working as one will allow us to innovate faster and deliver more value to clients.”

Doug Morgan, Group CEO of Cordium, said: “With the existing strengths and capabilities of Cordium and ACA, the market can expect an unprecedented level of GRC support, built by integrating the resources, expertise and technology of both companies. GRC has never been higher on the agenda of the financial services industry, especially given the current pace of technology innovation. Through this partnership, we will be able to provide guidance and efficiencies to firms of all profiles and strategies.”

Following the closing, Cordium’s compliance, cybersecurity, software, regulatory hosting, tax and regulatory reporting offerings will be integrated into ACA’s operations to create a combined organization employing nearly 700 people and servicing over 4,000 clients worldwide.

Related News

Abacus Group Acquires Hedgepoint Solutions

Abacus Group, a leading provider of hosted IT solutions and application hosting for alternative investment firms,... Read more »

Splio Acquires Startup Gowento and Integrates Mobile Wallets Into its Marketing Platform

  • The Mobile Wallets market is booming: the European rollout of Google Pay, Apple Pay's new product announcements, Samsung Pay... Read more »

Equiniti enhances pensions technology with the acquisition of Aquila from AquilaHeywood Limited

Equiniti Group plc (“Equiniti”), the multinational specialist technology outsourcer, is delighted to announce the completion of the acquisition of Aquila Group Holdings Limited... Read more »

SMIT Acquires a Hardware-based Verification Systems and Software Company

SMIT Holdings Limited ("SMIT" or the "Company," together with its subsidiaries, the "Group") (stock code: 2239), a world leading CAM supplier and a major mPOS... Read more »

OANDA Corporation Acquires GFM Solutions Group

A global leader in online multi-asset trading services and currency data and analytics, OANDA has acquired... Read more »

LendingTree to Acquire QuoteWizard.com

LendingTree, Inc. (NASDAQ: TREE) announced today that it has entered into a... Read more »

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App