ACA Compliance buys GRC provider Cordium

ACA Compliance Group has completed the purchased of Cordium, a provider of governance, risk and compliance (GRC) services.

ACA is a provider of risk management and technology solutions that focus on regulatory compliance, performance, financial crime, and cybersecurity. Together, both firms will ensure that clients will have access to the ‘highest calibre regulatory consultancy services and technology’ – and will serve as the springboard for further product innovation and global expansion.

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

The acquisition will also enable ACA to expand its products and services to include tax services, financial and regulatory reporting, Mirabella (Cordium’s regulatory hosting platform), and a post-Brexit EU office in Malta.

Over the next few months, ACA and Cordium’s combined teams will bring together both firms’ technology offerings to further expand ACA’s product suite. ACA plans to integrate Cordium’s Compliance ELF (Employee Level Filing) product, a code of ethics and employee compliance management solution, into ACA’s ComplianceAlpha.

Robert L. Stype, CEO of ACA Compliance Group, 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.”

ACA Compliance partners with investment advisers, private fund managers, commodity trading advisors, investment companies, broker-dealers, and domestic and international banks, to help them mitigate the regulatory, operational, and reputational risks inherent in their business functions.

It offers several tools and customised solutions to provide support an compliance program, including secondment, staffing assistance, and CCO support, electronic communications reviews, secondment and compliance staffing solutions, expert network consultation chaperoning, regulatory filings, and marketing and advertising reviews.

ACA also provides cybersecurity and technology risk assessment, testing, and advisory solutions for companies of all sizes. It conducts cyber and tech assessments to help identify technology-related risks and areas for improvement, helps identify network vulnerabilities that could lead to a breach, and help firms prepare for SEC, NFA, and FINRA cyber exams, among others solutions.

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