ACA Compliance Group recently announced that it will acquire Cordium, a provider of governance, risk and compliance 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.
Following the closing, Cordium’s compliance, cyber-security, 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.