Opus Global, a provider of SaaS-based compliance solutions, announced that it has acquired Alacra, a provider of Know Your Customer (KYC), Anti-Money Laundering (AML) and Reference Data business information solutions.
The integration of Alacra into Opus Global will create an unmatched combination of compliance data with third-party management and network-based information exchange. Alacra’s 170+ external providers will be able to integrate compliance data into Opus Global's Hiperos Third Party Network.
Doug Bergeron, CEO and founder of Opus Global, will assume the role of Alacra's executive chairman. Co-founders Steve Goldstein and Michael Angle will continue to serve in their existing roles.
Terms of the transaction were not disclosed.
Alacra has offices in New York and London, adding to existing Opus Global offices in Palo Alto, Chicago, Boston, Pittsburgh, Atlanta and Branchburg, N.J. Marlin & Associates acted as exclusive financial and strategic advisor to Alacra.