ACA Compliance Group acquires Cordium
ACA Compliance Group (ACA) has completed the acquisition of Cordium, a provider of governance, risk, and compliance (GRC) products and services, following the receipt of the necessary regulatory approvals.
ACA now employs nearly 700 people and provides products and services to over 4,000 clients worldwide. The financial terms of the transaction have not been disclosed.
ACA will incorporate Cordium’s compliance, cybersecurity, and technology products and services into its existing offerings, and will now be able 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, says: “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.”