Axioma, a provider of risk management and portfolio construction solutions to financial institutions, has agreed to acquire the regulatory reporting and risk reporting units of ConceptONE, a global provider of back-office investment services. Terms of the deal were not disclosed.

ConceptONE’s capabilities will be integrated into Axioma Risk, the company’s enterprise-wide risk solution, which will enable clients to generate consistent views of both regulatory and internal risks across the full spectrum of the organization, from front to middle to back office. The ConceptONE solutions will continue to be offered under the ConceptONE brand, in addition to being integrated into Axioma solutions. ConceptONE’s Fund Services business is not part of the transaction with Axioma and will continue to operate as an independent entity.