Unites two leaders in providing GRC products and services
ACA Compliance Group (“ACA”) announced Tuesday that, following the receipt of regulatory approvals, it has completed the acquisition of Cordium, a leading provider of governance, risk, and compliance (GRC) products and services. As of today, ACA employs nearly 700 people and provides products and services to over 4,000 clients worldwide.
The financial terms of the transaction will not be disclosed.
ACA will incorporate Cordium’s compliance, cybersecurity, and technology products and services into its existing offerings. Notably, ACA’s completion of the Cordium acquisition will allow 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.
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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®.
ACA and Cordium clients will experience no disruption of service as a result of the acquisition.
In February 2018, ACA partnered with Starr Investment Holdings to support its continued expansion as a leader in the global GRC marketplace. Through their partnership ACA and Starr will continue to work together to identify and execute on organic and acquisition growth opportunities with the goal of strengthening client delivery through innovations in product and service offerings.
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.”