ACA Compliance Group has agreed to acquire Cordium, a London-based provider of governance, risk and compliance (GRC) services to the asset management and securities industry, for an undisclosed sum.

Apart from London, Cordium also has presence in New York, Boston, San Francisco, Malta and Hong Kong.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

The companies said that the transaction will facilitate “further product innovation and global expansion”.

The deal will add Cordium’s compliance, cybersecurity, software, regulatory hosting, tax and regulatory reporting services to ACA’s offerings.

Cordium’s regulatory hosting platform Mirabella, along with a post-Brexit EU office will also be added to ACA’s suite as of the acquisition.

The merged entity will have a global client base of over 4,000 and a workforce of around 700.

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.

Company Profile – free sample

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 GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

ACA Robert Stype CEO said: “Cordium’s expertise, technology strengths and shared culture will greatly expand how we service and deliver our solutions to clients. By blending the delivery of innovative technology, depth of knowledge, and exceptional client service, we can help our clients further enhance their approach to GRC.

“As two leaders in the space, working as one will allow us to innovate faster and deliver more value to clients.”

The deal is expected to be completed in the middle of this year, subject to regulatory nod.

Cordium group CEO Doug Morgan said: “With the existing strengths and capabilities of Cordium and ACA, the market can expect an unprecedented level of GRC support, built by integrating the resources, expertise and technology of both companies.”