ACA Compliance Group, a New York-based provider of governance, risk, and compliance (GRC) services, has concluded the acquisition of London-based peer Cordium after securing regulatory nod.
The deal, whose financial terms were not revealed, was first announced in April this year.
Go deeper with GlobalData
The combined group will tend to more than 4,000 clients across the globe and have a workforce of around 700.
The deal enables ACA to include tax services, financial and regulatory reporting in its product suite.
It also adds Cordium’s regulatory hosting platform Mirabella as well as a post-Brexit EU office to ACA’s offering.
The technologies of the two companies will be integrated over the coming few months. This includes the integration of Cordium’s employee compliance management solution called Compliance ELF (Employee Level Filing) into ACA’s ComplianceAlpha.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataThe companies also said that the transaction will not affect client service.
ACA CEO Robert Stype said: “Over the last few months, ACA has worked closely with the Cordium team to develop plans for bringing together our people, technology, and processes to better serve our clients.
“The shared commitment to innovation and technology combined with our collective subject matter expertise will enhance our current offerings.”
